High interest rates big deterrent for MSMEs, govt working on plan
Hindustan Times Jaipur|December 19, 2024
The country's high interest rates are a big deterrent for the exporters community and the commerce ministry is working with its finance counterpart to help them at this front, a senior government official said on Wednesday.
Press Trust of India

NEW DELHI:

Director General of Foreign Trade (DGFT) Santosh Kumar Sarangi said that the department of commerce has been "struggling" to convince the finance ministry regarding the relevance of the Interest Equalisation Scheme (IES) and the extent to which it is maintaining manufacturing competitiveness.

Sarangi said there are many studies which suggest that very high collateral demand by financial institutions is a big deterrent for MSMEs (micro, small, and medium enterprises) to access institutional finance and that deters them from getting into the export market.

Denne historien er fra December 19, 2024-utgaven av Hindustan Times Jaipur.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra December 19, 2024-utgaven av Hindustan Times Jaipur.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA HINDUSTAN TIMES JAIPURSe alt
Hindustan Times Jaipur

ASHWIN DECLARES HIS IMMEDIATE RETIREMENT FROM INT'L CRICKET AMID AUS SERIES

India's premier off-spinner R Ashwin on Wednesday surprised the cricketing world by announcing his retirement with immediate effect in the middle of the Test series against Australia here.

time-read
1 min  |
December 19, 2024
Hindustan Times Jaipur

Political slugfest erupts in Parl over Ambedkar

The Lok Sabha and the Rajya Sabha were adjourned for the day on Wednesday amid heated arguments over home minister Amit Shah's remarks on Dr BR Ambedkar, with the Leader of Opposition in the Lok Sabha Rahul Gandhi on Wednesday saying the country will not tolerate Babasaheb Ambedkar's insults.

time-read
3 mins  |
December 19, 2024
Hindustan Times Jaipur

Doval meets Chinese FM; dialogue resumes

Doval arrived in Beijing to take part in the 23rd round of the Special Rep talks that are being held after 5 yrs

time-read
2 mins  |
December 19, 2024
Hindustan Times Jaipur

India has every reason to be proud: Shahana on Santosh being shortlisted for Oscars nom

Actor Shahana Goswami's film Santosh, has inched closer to being nominated for the International Feature Film category in the 2025 Academy Awards.

time-read
1 min  |
December 19, 2024
Hindustan Times Jaipur

Kapil Sharma says 'Don't spread hate' amid criticism for alleged racist remark against Atlee

Comedian-talk show host Kapil Sharma has been facing intense criticism for seemingly making a joke about filmmaker Atlee's appearance on his comedy-talk show, The Great Indian Kapil Show.

time-read
1 min  |
December 19, 2024
Hindustan Times Jaipur

Ashwin: Player who never believed in playing it safe

The off-spinner decided to retire from international cricket at the end of the third Test against Australia

time-read
6 mins  |
December 19, 2024
Hindustan Times Jaipur

UP Police announce ₹25,000 reward for accused in Sunil Pal, Mushtaq Khan abductions

The Meerut Police in Uttar Pradesh has announced a reward of ₹25,000 for information on Lavi Pal, the main accused in the abductions of comedian Sunil Pal and actor Mushtaq Khan.

time-read
1 min  |
December 19, 2024
Hindustan Times Jaipur

Rain plays spoilsport as Test ends in draw

India escaped with a crucial draw in the weather-hit third Test against Australia after intermittent rain wiped out the majority of play on Day 5, leaving the five-match series tantalisingly locked at 1-1.

time-read
2 mins  |
December 19, 2024
Hindustan Times Jaipur

Will go to MCG with confidence: Rohit lauds late order fightback

Indian skipper Rohit Sharma hailed the resilience of the lower-order batters after his team managed to salvage a crucial draw in the rain-hit third Test against Australia here on Wednesday, saying it has given the side renewed confidence for the remaining series.

time-read
2 mins  |
December 19, 2024
Hindustan Times Jaipur

INDIA TO FACE PAK IN INAUGURAL KHO KHO WORLD CUP OPENER ON JAN 13

Hosts India will face arch rivals Pakistan in the opening match of the inaugural Kho Kho World Cup on January 13, the organisers announced on Wednesday.

time-read
1 min  |
December 19, 2024