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  As India's manufacturing activities remain strong, small cap stock announces rights issue

  Business | August 06, 2023 7:24 IST

  A rights issue is a type of corporate action that allows a company's existing shareholders to purchase extra shares in proportion to their existing holdings at a discount price.

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  Here's how Union Budget 2023 can target job creation by boosting MSME sector

  Budget | January 27, 2023 11:02 IST

  Union Budget 2023 is a crucial opportunity to boost job creation in India by addressing the challenges faced by the MSME sector. The Union budget can target job creation in the MSME sector through financing, infrastructure, and formalization.

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  Govt taking steps to make Indian MSMEs stronger, globally competitive: Minister

  India | December 05, 2022 17:17 IST

  Addressing FICCI's Annual MSME Summit, Verma urged the industry and other stakeholders to work with the government to make India a USD 5 trillion economy along with becoming self-reliant. He said there are 6.3 crore Micro, Small and Medium Enterprises (MSMEs) in the country.

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  How MSMEs can procure NBFC loans without mortgaging assets

  Business | September 30, 2022 16:17 IST

  By disclosing relevant business data and maintaining a clean credit history, small enterprises can obtain cash flow-based loans that could ease financial problems.

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  Stalin rolls out schemes for MSMEs, plan to back entrepreneurship development

  India | September 16, 2022 16:29 IST

  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.

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  World MSME Day 2022: Small enterprises strong pillars of India's economy & sustainable growth

  Business | June 27, 2022 16:21 IST

  World MSME Day 2022. MSMEs have emerged as the second-largest employment generating sector after agriculture in India.

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  Budget 2022: Govt extends ECLGS scheme for MSMEs till March 2023

  Business | February 01, 2022 14:23 IST

  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.

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  PM Modi exhorts banks to support wealth, job creators; increase country's balance sheet

  Business | November 18, 2021 14:47 IST

  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.

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  RBI notifies inclusion of retail, wholesale trade under MSME category

  Business | July 08, 2021 8:59 IST

  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.

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  World Bank approves USD 500mn program to help boost India's MSME sector

  World | June 07, 2021 15:12 IST

  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

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  Going digital can help MSMEs to reduce burden of GST compliance

  India | April 28, 2021 17:33 IST

  Digitisation has become an inevitable necessity for MSMEs to fulfil the GST compliance requirements.

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  Why digital accounting is important for MSMEs post-Covid era

  Business | April 21, 2021 21:19 IST

  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.

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  Govt amends insolvency law; introduces pre-packaged resolution process for MSMEs

  Business | April 05, 2021 13:00 IST

  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.

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  Bank of Maharashtra partners with Vayana Network to offer Channel Financing service for MSMEs

  Business | February 18, 2021 14:45 IST

  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

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  Govt trying to create 5 crore jobs in next 5 years, says Nitin Gadkari

  Business | December 15, 2020 17:30 IST

  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.

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  Fact Check: Purported MSME letter granting loan, charging processing fee is FAKE

  Fact Check | November 05, 2020 13:49 IST

  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?  

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  SBI working on setting up e-commerce portal for MSMEs: Rajnish Kumar 

  Business | June 27, 2020 20:14 IST

  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.

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  Gadkari launches scheme to provide Rs 20,000 cr guarantee cover to MSMEs

  Business | June 24, 2020 16:17 IST

  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.

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  Airtel Payments Bank launches Suraksha Salary Account for MSMEs

  Business | June 15, 2020 17:24 IST

  Airtel Payments Bank on Monday launched 'Suraksha Salary Account', an innovative salary account services for the Micro, Small and Medium Enterprises (MSME). 

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  Atmanirbhar Bharat: Profits from exports by MSMEs to be excluded from overall turnover

  Business | June 01, 2020 23:09 IST

  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