MSME

MSME News

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

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

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.

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

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

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

Group death, accident cover proposed for MSME entrepreneurs

Pointing that stress in almost 30-35 per cent of MSME accounts is due to payment delays and such catastrophe/calamities, the committee said that, “the intent must be to mitigate the impact”.

‘Lending to micro, small and medium enterprises rises 19.3% annually over last five years’

According to a TransUnion CIBIL-SIDBI report, commercial credit growth has continued to rise at 14.4 per cent year-on-year (y-o-y) in the quarter ended December 2018.

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Swept away by demonetisation, this women's collective struggles to find its feet

Susheela Majhi, secretary of Ama Sangathan, a tribal women's movement-turned-organisation, says after the noteban they could sell some brooms only locally while the inter-state sale came to a standstill.

Startups in Haryana can now compete with MSMEs in public procurement

For qualifying to participate in government’s public procurement tenders, startups and first generation entrepreneurs are also going to be provided a concession of 80 per cent on the “turnover condition” imposed as qualifying criteria.

Steps to help MSMEs, ease farmers' distress increase risk of fiscal slippage: Moody's

The government had budgeted the fiscal deficit for the current financial year at 3.3 per cent of the gross domestic product (GDP). However, in the April-November period, the deficit touched 114.8 per cent of the budget estimates.

Giriraj Singh links public protests with growth rate, says no Jantar Mantar in Singapore, China

Earlier speaking at the event, Prasoon Mukherjee said Singapore was a USD 300 billion economy. "If here (India), has per capita GDP of USD 2000, there (Singapore) the per capita GDP is USD 70000," he said while introducing the country he was representing.

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