Msme Sector
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Nirmala Sitharaman announces revised definition of MSME. Here is what it means
Business | May 13, 2020, 06:19 PM ISTFinance 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.
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No stressed MSME loan to be declared NPA till March 2020: FM
India | Sep 19, 2019, 08:39 PM ISTThe government on Thursday asked banks not to declare any stressed loan account of MSMEs as NPA till March 2020 and work on recasting their debt.
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Firms with annual income upto Rs 2cr could get GST return relief
Business | Sep 12, 2019, 02:08 PM IST"It is ranging from 25-27 per cent despite extension of deadlines. The GST Council will discuss the issue in its meeting on September 20," said an official.
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Modi government to bring in pension scheme for small shopkeepers, increase credit coverage for MSME sector
Business | Jun 20, 2019, 12:56 PM ISTModi government will bring in a pension scheme for small shopkeepers while it has also increased credit guarantee coverage for Micro, Small & Medium Enterprises (MSMEs), President Ram Nath Kovind announced this in Parliament today. President was addressing a joint session of newly elected parliamentarians today.
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Maharashtra flagship scheme for MSMEs to generate 10 lakh jobs
India | Jun 18, 2019, 04:06 PM ISTThe senior IAS officer said the scheme, approved by Chief Minister Devendra Fadnavis, envisages setting up one lakh units in five years, 40 per cent of them in rural areas.Kamble said this year's target is setting up of 10,000 micro-ventures to be set up by first-generation entrepreneurs.
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In event for MSME sector, PM Modi announces 12 Diwali 'gifts' including 59-minute loan portal
India | Nov 03, 2018, 12:03 AM ISTSpeaking at MSME Support and Outreach event in New Delhi, PM Modi described the 12 new measures as 'historic' that will make Diwali brighter for the sector and its millions of entrepreneurs and employees.
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PM Modi announces 12 'Diwali gifts' for MSME sector; launches portal for Rs 1 crore loan in 59 minutes
India | Nov 02, 2018, 06:34 PM ISTGST-registered MSMEs to get 2 per cent rebate on incremental loan of up to Rs 1 crore, PM Modi said.
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PM Modi may announce measures to boost MSME sector on November 2
Business | Oct 26, 2018, 11:08 PM ISTThe MSME sector constitutes a vast network of over 63 million units and employs 111 million people, contributing around 30 per cent to the GDP.
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Chinese imports threatening India's small industries
Oct 31, 2015, 08:38 PM ISTMicro, Small & Medium Enterprises (MSME) are by far the biggest employers in the country today. According to the latest annual report (2014-15) of the Ministry of Micro, Small & Medium Enterprises, there are an
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Centre plans 500 incubation centres to skill professionals
India | Jun 05, 2015, 05:41 PM ISTCoimbatore: The Centre plans to set up 500 incubation centres on PPP model across the country in the next one year to create more skilled professionals, Minister of State for Micro, Small and Medium Enterprises
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RBI grant to boost liquidity in MSME sector, says Sidbi
Dec 04, 2013, 09:37 PM ISTMumbai: Specialised small businesses lender Sidbi today said the Reserve Bank's special Rs 5,000-crore refinance grant will cumulatively help in the flow of up to Rs 20,000 crore to the cash-starved micro, small and medium
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Bengal cabinet okays schemes to protect farmers, MSME sector
India | Sep 10, 2013, 08:33 AM ISTKolkata: West Bengal Chief Minister Mamata Banerjee yesterday said her government has decided to set up mega markets for farmers in all 18 districts of the state at a cost of Rs 150 crore for