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Latest Articles in msme sector

Providing Timely Credit To Agriculture And MSME Sectors Is Important: Das

Das said that the presence of the human touch in traditional branch banking would still be relevant for customers in many respects

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Marg ERP Launches Digital Products To Escalate MSME Sector

The company has also made significant changes and improvised their existing apps and softwares primarily made for retailers, distributors and manufacturers

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Let's Make A MSME Dominated Economy

Micro, small and medium enterprises Day is celebrated on 27th June every year across the world with the aim to appreciate the contribution of MSMEs in increasing the country's economic growth

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ZED Scheme To Amplify Manufacturing & Service Sector In India: Experts

The ministry said that through the ZED certification, MSMEs can reduce wastage substantially, increase productivity, enhance environmental consciousness, save energy, optimally use natural resources, expand their markets, etc

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Modi's GeM 4.0 A New Way For MSMEs?

While talking about the numbers, PM Modi praised GeM for achieving annual procurement and said that the platform is MSMEs, with 57 per cent of order value coming from the MSME sector.

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Govt Has Taken Several Steps Under Aatmanirbhar Bharat To Help Covid Affected MSMEs: MoS

To help the MSMEs to grow technologically and to enhance their competitiveness, the ministry has established new technology centres (TCs) and extension centres (ECs) across the country, he said

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SIDBI Survey: 67% MSMEs Were Temporarily Shut

Union Minister Nitin Gadkari in February last year said that the MSMEs are in the formal and informal sector, so the government and MSME Ministry do not maintain the data on temporary or permanent closure of the units.

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Indian MSMEs Can Grow Faster WIth Automation, Optimisation: Raman Sidhu

"It will translate into more advanced technology coming into the country. AI (Artificial Intelligence) will help streamline processes that are followed in these industries and sectors. Quality standards will have a major impact now," said Sidhu about Indo-Europe collaboration benefits.

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HDFC Bank Signs Pact With NSIC To Provide Credit Support To MSMEs

"HDFC Bank has signed a memorandum of understanding with National Small Industries Corporation to offer credit support to MSMEs across the country,"

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HDFC Bank To Hire 500 More To Expand MSME Coverage

The bank's MSME vertical covers 545 districts now with dedicated relationship managers and supervisors, which will be expanded to 575 districts or more by the end of this fiscal.

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Indian Bank Signs MOU With Society For Innovation And Entrepreneurship, An Initiative Of IIT Bombay, For Funding Start-Ups And MSMEs

Indian Bank has also recently launched “MSME Prerana” programme to empower MSME entrepreneurs through skill development and capacity building workshops in local languages.

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SIDBI Net Profit Rises 3.6 % To Rs 2,398.28 Cr In FY21

Gross NPAs decreased from Rs 1,040.84 crore as of March 31, 2020 to Rs 282.31 crore as of March 31, 2021, while Net NPA decreased from Rs 658.64 crore to Rs 185.25 crore during the same period.

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Covid Second Wave Impacted 58% Of Indian Business Activities: Ficci

The MSME sector has faced the maximum brunt and there is an immediate need for relief to this sector. This view was expressed by nearly 65% of the surveyed companies.

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Bank Of Baroda To Sell 46 NPA Accounts To Recover Rs 597 Cr

Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) is a government owned trust which offers credit guarantee to financial institutions which give loans to the MSME sector.

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Even During Second Wave, Gujarat Received Highest Ever GST And Proposals For Large FDI, Says Manoj Das, ACS Gujarat

Additional Chief Secretary of Gujarat, Manoj Kumar Das speaks with BW Businessworld on the steps taken to address the current Covid19 crisis. In charge of industrial growth of the Gujarat, he talks about the measures that government has already taken-- the Rs 5000 cr land allocation to MSEMs. While the economy seems to be retracting due to the national crisis, Das says Gujarat is still on growth trajectory and robust FDI continues last month as per the latest data.

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