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Latest Articles in msmes

Banning 27 Pesticides Will Hurt Farmers' Income And Exports: PMFAI

These generic pesticides have been used in India since 1970 without any risk or adverse impact to humans, animals and environment, and include Malathion that was extensively used by the government during the recent locust attack

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Adding A Dash Of Fintech To MSME Financing And Operations

The measures provided under the MSME stimulus package do not seem helpful in resolving such immediate issues that these business units are facing. It rather seems to want to nudge units to borrow widely, straddling an uncertain path to deal with this crisis.

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India Will Definitely Get Its Growth Back: PM Narendra Modi

I trust India's capability and crisis management. I also trust India's talent, technology, innovation and intellect. I have full faith farmers, SMEs, entrepreneurs and industry leaders, PM adds

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PM Modi Launches Technology Platform 'CHAMPIONS' To Empower MSMEs

The focus areas are supportand hand-holding, grievance redressal, harnessing entrepreneurial talent and discovering new business opportunities

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Cabinet Approves Rs 50,000 Cr Equity Infusion Scheme To Support MSMEs

It also approved Rs 20,000 crore subordinate debt for stressed MSMEs and a new definition for MSME under which enterprises with investments up to Rs 20 crore and a turnover of less than Rs 250 crore will now be defined as 'medium' units.

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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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Defence More Aggravated Than Other Sectors Amid COVID-19, Says Rajnath Singh

Citing the reforms recently announced by the Finance Minister, he said these measures will help realise the target of achieving a USD 25 billion defence production by 2025.

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RBI May Need To Aggressively Cut Rates Alongside Fiscal Stimulus

The Indian government's $266 billion economic rescue package outlined last week rests largely on boosting company credit for micro, small and medium enterprises (MSMEs)

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Rs 3 Lakh Crore Strong Booster, Directly Going To Impact Nearly 45 Lakh MSMEs: Ravi Shankar Prasad

The Prime Minister outlines a 20 lakh crore package for country, designed to make India a competitive economy with stress on self-reliance, 'AtmaNirbhata' Make in India

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Centre Announces Rs 3 Lakh Crore Collateral-Free Automatic Loans For Businesses, Including MSMEs

The announcements came a day after Prime Minister Narendra Modi announced a Rs 20 lakh crore special economic package amid nationwide COVID-19 lockdown.

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Amid Lockdown, Karnataka Announces Relief Package For MSMEs, Farmers, Drivers, Barbers

Realising the problems facing flower growers, the government announced a compensation of Rs 25,000 per hectare limited to a maximum extent of one hectare for the crop loss.

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FICCI Calls For Facilitating Steel Sector's Growth To Revive Economy Post-Lockdown

FICCI recommended subsidising railway freight by an additional 15 per cent for the next six months with a change in class of iron ore from 160 to 145.

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How Different MSMEs Are Planning To Respond To Covid-19 Crisis?

While their issues or concerns are similar, we observe interesting differences in the response mechanism depending upon the size of the firm. We divided the firms in three sizes:

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Outsourced Business Services Sector Seeks Urgent Financial Assistance

Comprising of 1 crore workforce working across 10,000 plus MSMEs, it has requested subsidizing 35 per cent of the wages for at least 50 per cent workforce for next three months, and six months for 25 per cent workforce

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Only One-third MSMEs Online

During the lockdown, It has been noted that most businesses are trying to move online. However, for MSME's digitisation is essential to stay afloat.

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