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Latest Articles in msme sector

MSMEs: Key To India’s Sustainable Success

It is time that India gets its act together and moves from vision and mission to time-bound action. And nothing is more vital on the action agenda than transforming millions of India’s aspiring minds into performing assets. The moment of reckoning is finally at our door step!

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How Can MSMEs Play A Significant Role To Achieve The Vision Of Atma Nirbhar Bharat?

Micro, Small and Medium Enterprise (MSME) sector in India can play a crucial role by standing, robust on all the five pillars, thus achieving the vision of self-reliant India.

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MSME sector plays pivotal role in development: Trivendra Singh Rawat

MSME sector plays pivotal role in development: Trivendra Singh Rawat

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MSMEs Face Existential Crisis, Revenue To Fall A Fifth: CRISIL

The 5% contraction in the Indian economy expected by CRISIL this fiscal – wrought by the Covid-19 pandemic – will significantly hurt micro, small and medium enterprises (MSMEs) across sectors.

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Union Cabinet Approves Rs 20,000 Crore Subordinate Debt For Stressed MSMEs

MSMEs play a crucial role in building an Aatma Nirbhar Bharat. Accordingly, MSMEs have been made an important part of Aatma Nirbhar Bharat Abhiyan package

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FAITH Suggests Tourism Aid And Restructuring Package (TARP) From PM, FM

FAITH- Federation of Associations in Indian Tourism & Hospitality, the policy federation set up by the national associations(ADTOI, ATOAI, FHRAI, HAI, IATO, ICPB, IHHA, ITTA, TAAI, TAFI) proposes Tourism Aid & Restructuring Package to the Tourism Minister to seek specific measures for Indian Tourism from the Prime Minister and from the Finance Minister. Demands Rs 50,000 Cr tourism fund among other measures.

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Andhra CM Releases First Instalment Of Restart Package For MSME Sector

The first instalment would benefit nearly 98,000 units which employ more than 10 lakh people. During a video conference with District Collectors and entrepreneurs held here on Friday

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As FM Changes Definition Of MSME, Auto Industry Gives A Thumbs Up

Investment limit, which defined MSMEs, has been revised upwards. Additional criteria being brought in is turnover size - earlier differentiation between manufacturing and service MSMEs will be categorised similarly

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Expert Views: India Unveils $60 Billion Credit Line For Small Businesses, Lenders Hit By Lockdown

While India announced the loan package for small businesses, shadow banks and power companies as part of measures to combat the economic damage caused by the coronavirus pandemic, check how the industry reacted.

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Centre Should Bear 70 Pc Wage Bill Of MSME Sector: Congress

The party made the demand amid a 21-day lockdown in the country to prevent the spread of coronavirus. Vallabh said there are about 4.25 crore MSMEs in India as of 2019.

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Digital Architectures Expanding Reach Of Credit To Msmes: RBI Governor Das

Some lenders are collaborating with fin-tech companies to take advantage of such surrogate data for speedier credit underwriting for extending loans to the MSME sector.

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Survey Pins Hope On GST Revenue Collections To Rein In Fiscal Deficit

In 2019-20, the Centre's fiscal deficit was budgeted at Rs 7.04 lakh crore (3.3 per cent of GDP) as compared to Rs 6.49 lakh crore (3.4 per cent of GDP) in 2018-19.

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Government To Support MSME Sector For Creating New Jobs

It gave a detailed analysis of major measures undertaken to support the MSME sector to ensure better credit flow, technology up-gradation, ease of doing business and market access.

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Union Minister Goyal Meets SME Associations To Resolve Industry Issues

Goyal asked the Small Industries Development Bank of India (SIDBI) and the Credit Guarantee Funds Trust for Micro and Small Enterprises (CGTMSE) to set up a framework.

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Streamlining MSME's: Anurag Jain, Co-founder & ED, KredX

MSMEs are the backbone of the economy contributing around 40 per cent to the GDP growth.

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