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Saturday, March 28, 2020

MSME

MSME NEWS

On the table: 5% interest subvention for 15 lakh MSMEs, incentives to retain employees

March 28, 2020 4:19 am

Maharashtra, India's most industrialised state, has 17 lakh registered MSMEs. Of this, the manufacturing sector, among the worst hit, alone accounts for six lakh units. In terms of the work force, the MSMEs in Maharashtra provide direct and indirect employment to nearly 1.5 crore people.

Economic Survey of Maharashtra, 2019-20: MSMEs in Pune region bagged whopping Rs 62,575 cr investment

March 08, 2020 1:00 am

The survey covered all the seven regions of the state — Mumbai, Konkan, Pune, Aurangabad, Nashik, Amravati and Nagpur —and has found that Pune has seen the most activity in terms of investment and employment generation.

Despite overall fall in commercial bad assets, MSME bad loans on the rise

January 10, 2020 12:08 am

The overall NPAs of commercial lending declined 20 bps to 16.8 per cent in September last, marginally lower than 17 per cent in September 2018, the report said.

Explained: Why the govt wants to change the definition of MSMEs

October 23, 2019 4:39 pm

A change in definition is expected to improve their ease of doing business and help create more jobs.

Nitin Gadkari: Govt to soon change definition of MSMEs

October 22, 2019 6:07 pm

Observing that MSMEs are the heart of the Indian economy, Nitin Gadkari said "now, the mission for five years is that we need to create more than five crore jobs in five years, particularly in tribal, rural and agricultural areas".

To bring new customers, camps in 400 districts for easy loans

September 20, 2019 7:01 am

Sitharaman said the thumb rule being used in such credit deployment activity is that for every old customer, banks should bring in five new customers. Banks will select these districts based on commercial potential.

Rs 13,000 crore for MSME industrial parks, to create 2 lakh jobs: CM Mamata Banerjee

August 17, 2019 4:36 am

The CM also said the situation in West Bengal was better in the backdrop of companies closing down across the country. 

Govt set to meet FPIs, industry, MSME players to revive growth

August 06, 2019 3:00 am

Top Finance Ministry officials will also meet leading foreign portfolio investors (FPIs) over a number of Budget issues including the surcharge on income tax that have led to outflows from equity markets and a sharp plunge in share prices.

Rural ministry to focus on 3-5 lakh women SHGs to scale up enterprises

July 29, 2019 7:13 am

Under the Aajeevika-National Rural Livelihood Mission (NRLM), these SHGs groups will now be formalised so that they can avail higher loans and scale up their enterprise.

PSBs asked to analyse MSME credit issues

June 28, 2019 4:35 am

The state-run banks have to ensure that MSMEs need not “suffer for want of credit”, the finance ministry said on Thursday.