Tag: MSMEs

Centre launches scheme for relief to MSMEs

The relief provided under this scheme is in continuation of the efforts of the government in promoting and sustaining the MSME sector.

May 2, 2023

Govt offers 5G Test Bed free of cost to recognised Start-ups and MSMEs

The Indigenous 5G Test Bed was dedicated to the nation by Prime Minister Narendra Modi on 17 May 2022.

February 27, 2023

Budget proposes Rs 9,000 crore for revamped credit-guarantee scheme to MSMEs

Giving significant relief to MSMEs, Union Minister for Finance Nirmala Sitharaman proposed to continue the financial sector reforms and innovative use of technology.

February 1, 2023

With LVB integrated fully, DBS Bank India focuses on gold loan & MSMEs

Growing gold/MSME loan business, launching proprietary credit cards, and increasing bancassurance tie-ups are some of the focus areas of DBS Bank India Ltd, said a senior official.

November 3, 2022

Govt allows MSMEs to avail non-tax benefits for three years

The Centre has notified that all registered micro small and medium enterprises (MSMEs) would be allowed to avail of all non-tax benefits for three years instead of one year, even after upward graduation in their category and consequent reclassification.

October 19, 2022

Goyal appeals to industry to prepay MSMEs for their services to boost employment, growth

Goyal told industry leaders to be proactive in giving inputs to the government, especially in areas like FTA negotiations.

January 12, 2022

How to enhance innovation culture for MSMEs

By modernizing and adopting green technological innovations, India's MSME sector can create new economic opportunities and strengthen its long-term competitiveness.

October 30, 2021

Big step for MSMEs : PM Modi

"Our government has taken a landmark step of including retail and wholesale trade as MSME. This will help crores of our traders get easier finance, various other benefits and also help boost their business" wrote PM Modi

July 3, 2021

Surge in registration coupled with digital innovation indicates resilience of Indian MSMEs

MSMEs are a crucial part of the economic and social fabric of the country, and complete recovery will only be possible with high-intensity and strategically structured support to this high-spirited sector.

June 26, 2021

Haryana govt to give all business clearances to MSMEs in 15 days

Meanwhile, Haryana CM took an online pledge and launched the official website of Hifazat campaign, which was started earlier this week by Haryana State Commission for Protection of Child Rights in collaboration with Haryana Police for creating awareness against Child Sexual Abuse.

February 27, 2021

Fiscal impact of stimulus measures to be around 0.25-0.6 pc of GDP in FY21, say experts

The fiscal impact of the stimulus is likely to be around 0.25-0.6 per cent of GDP in the current fiscal, they said.

November 13, 2020

Banks sanction Rs 1.77 lakh cr to MSMEs under ECLGS

The ambit of the scheme was expanded to include MSMEs with turnover of up to Rs 250 crore and individuals for business purposes.

September 25, 2020

Historic intervention: Government to ensure timely payments to MSMEs

The Ministry of MSME followed up this announcement vigorously and took up the matter with the Central Ministries and Central Public Sector Enterprises (CPSEs) and State Governments. Particularly very active follow up has been done with the Heads of CPSEs.

September 2, 2020

Rs 10,000 cr Fund of Funds for MSMEs to be operational soon: SBI Chairman

The objective of the Rs 10,000 crore Fund of Funds scheme is to help MSMEs with growth potential at a time when they are facing severe shortage of equity and low revenues.

August 10, 2020

World Bank and Government of India sign $ 750 million agreement for Emergency Response Programme for MSMEs

The agreement was signed by Sameer Kumar Khare, Additional Secretary, Department of Economic Affairs, Ministry of Finance on behalf of the Government of India and Junaid Ahmad, Country Director (India) on behalf of the World Bank.

July 6, 2020

When even minimum is not enough

The recent direction of the Supreme Court asking employers to negotiate minimum wages during the lockdown period with employees must be viewed in the context of India’s economic development, say ANOOP SATPATHY and BIKASH K. MALICK.

July 3, 2020

Govt launches credit guarantee scheme for benefit of MSMEs

The guarantee cover worth Rs 20,000 crore will be provided to the promoters who can take debt from the banks to further invest in their stressed MSMEs as equity, hence maintaining liquidity and debt-equity ratio.

June 24, 2020