MSME

MSME News

‘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.

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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.

MP government amends MSME policy to provide 70% jobs to locals

Accordingly, concessions such as cheap land and other subsidies will be given to MSMEs only if they provide 70 per cent of the total jobs to local persons.

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Boost to MSMEs: `14K-cr of loans cleared since Nov under 59-minute scheme

A couple of bankers in conditions of anonymity said that they have been told to take quick decision on the applications and “approve or decline” the application within 3-4 days and this is leading to faster sanctioning.

PM Modi doles out incentives for MSMEs: Here are the top announcements

PM Modi announced the 12 historic decisions including 59-minute loan portal for sanction of up to Rs 1 crore for small and medium enterprises, saying it will boost small and medium enterprises.

100-day, 100-district plan: Credit a trickle, MSMEs set to get stimulus booster today

Modi will launch the MSME support and outreach programme, which will run for 100 days covering 100 districts throughout the country.

Govt’s plan for PSUs to procure from Dalit SMEs fails to take off

In 2017-18, Central PSUs bought Rs 543.86 crore worth goods and services from SC/ST enterprises, accounting for just 0.46% of their total procurement of Rs 1,16,837.27 crore.

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