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

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

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

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

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.

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.

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.