By disclosing relevant business data and maintaining a clean credit history, small enterprises can obtain cash flow-based loans that could ease financial problems.
Tamil Nadu Chief Minister M K Stalin inaugurated Micro Clusters in southern Tamil Nadu, as part of efforts to ensure sustainable employment opportunities in semi-urban and rural regions.
World MSME Day 2022. MSMEs have emerged as the second-largest employment generating sector after agriculture in India.
To help the MSME sector become more resilient, competitive and efficient, Nirmala Sitharaman said a Raising and Accelerating MSME Performance (programme will be rolled out.
Prime Minister Narendra Modi said banks have to now adopt a partnership model to help businesses thrive and move away from the idea of being a loan approver to a loan applicant.
Earlier on July 2, the Ministry of MSME had decided to include retail and wholesale trade under MSMEs for the limited purpose of priority sector lending.
The World Bank's Board of Executive Directors has approved a USD 500 million program to support India's nationwide initiative to revitalise the MSME sector
Digitisation has become an inevitable necessity for MSMEs to fulfil the GST compliance requirements.
MSMEs are considered to be engines of economic growth that promote equitable development. Yet, several of these enterprises are struggling to make ends meet on account of the outbreak of the global pandemic and facing a lack of liquidity. This has made it necessary to restructure the ways by which micro, small and medium-sized companies can more easily rebuild and relaunch their businesses. Digital transformation can play a defining role here.
According to the ordinance, it is considered expedient to provide an efficient alternative insolvency resolution process for MSMEs to ensure quicker, cost-effective and value maximising outcomes for all stakeholders, in a manner that is least disruptive to the continuity of their businesses and which preserves jobs.
Under the partnership, Vayana Network will provide its unique SCF solutions to Bank of Maharashtra supported by Vayana’s technology and service expertise. The SCF solutions will include vendor and dealer financing programs across bank’s network of 1,870+ branches across the country
Union Road Transport and Highways and MSME Minister Nitin Gadkari said on Tuesday that the government is trying to create five crore jobs in the next five years. He said that the turnover of rural industries is Rs 80,000 crore, which is targeted to be Rs 5 lakh crore in the next five years. For this, work is going on in a planned way in agriculture and rural areas.
Social media is abuzz with rumours and users must take certain things with a pinch of salt and scrutinise the piece of information coming their way. A letter purportedly issued by the Ministry of Micro, Small and Medium Enterprises (MSMEs) is doing the rounds on social media. The "approval letter" talks of granting loan and thereafter charging a processing fee. But how true is it? Does the ministry even deal with individual beneficiaries?
State Bank of India is working on setting up an e-commerce portal for marketing of products manufactured by micro, small and medium enterprises (MSMEs) in the country, its chairman Rajnish Kumar said on Saturday.
Union Minister Nitin Gadkari on Wednesday launched the Credit Guarantee Scheme for Sub-ordinate Debt to provide Rs 20,000 crore of guarantee cover to two lakh micro, small and medium enterprises.
Airtel Payments Bank on Monday launched 'Suraksha Salary Account', an innovative salary account services for the Micro, Small and Medium Enterprises (MSME).
Profits derived from the exports of products by micro, small and medium enterprises (MSME) will be excluded from the overall turnover of a company, said Union Minister incharge of MSME sector Nitin Gadkari
The Micro and Small Enterprises Facilitation Council on Saturday warned that the delay in payments for supplies received from the Micro Small and Medium Enterprises would invite heavy penalty against defaulting buyers.
Finance Minister Nirmala Sitharaman on Wednesday announced an economic relief package amid nationwide coronavirus lockdown in which her prime focus was on to save jobs in the MSME sector and help it to get back on track.
State Bank of India (SBI), the country's largest lender, has set a target of disbursing Rs 700 crore to MSMEs in the Mumbai circle by the end of June, to help them tide over liquidity crisis due to the COVID-19 lockdown.
Top News
Latest News
