Page 17 - Msmes

Local players must capture domestic market for self-reliant India: Minister

Citing an example, he said earlier the market depended on China and Vietnam for bamboo for making incense sticks (agarbatti), but now the duty has been increased to 25 per cent

Banks sanctioned Rs 1.77 trn to MSMEs under ECLGS: Nirmala Sitharaman

Nirmala Sitharaman said that around Rs 1.77 trn credit has been sanctioned by PSBs and private banks to MSMEs and individuals reeling under the slowdown caused by the coronavirus pandemic

Govt forms five task forces to make Indian MSMEs future-ready: Secy

MSME Secretary A K Sharma expressed confidence that it would be on the path of implementing the futuristic initiatives by the start of next year

Banks sanction loans worth Rs 1.77 trn to 4.4 mn MSMEs under ECLGS scheme

The latest numbers on ECLGS, as released by the Finance Ministry, comprise disbursements by all 12 public sector banks (PSBs), 24 private sector banks and 31 non-banking financial companies (NBFCs)

Lok Sabha passes bill to amend Factoring Regulation Act to support MSMEs

Lok Sabha on Sunday passed a bill to amend the Factoring Regulation Act that seeks to help micro, small and medium enterprises by providing additional avenues for getting credit facility

Lok Sabha passes Factoring Regulation Amendment Bill to help MSMEs

The Factoring Regulation (Amendment) Bill, which was introduced on September 14, was passed by voice vote after a brief discussion

UP govt targets Rs 15,000 cr loans for MSMEs to ease working capital woes

UP aiming to double MSME exports to Rs 2.40 trillion in 3 years

Karur Vysya Bank's focus areas will be MSME, retail: MD & CEO B Ramesh Babu

'Won't participate in consortium accounts where our share is least as we will have no say', said B Ramesh Babu

Irdai panel recommends forming Rs 75,000 cr pandemic pool under PPP model

The group has recommended coverage for 40-50 million MSME workers initially

IIT Kanpur to support Covid-hit small and medium businesses, start-ups

Technopark@iitk is keen to scale up the model to reach out to more MSMEs and start-ups

Gujarat, Sibdi sign MoU to help 3.5 mn MSMEs amid Covid-19 outbreak

The aim is to "accelerate technology transfer and innovation in state MSMEs through training and capacity building programmes," it said

$100 mn fund for small business: Facebook invites applications for grant

The small business grants programme worth $100 million was announced by the tech giant as part of its commitment to businesses

Govt may extend time limit for emergency credit line guarantee scheme

Since the launch of the scheme, industry bodies have pushed the government to relax conditions that accompany the scheme as they felt it restricts benefits to only a small cross section of companies

Banks sanction loans of Rs 1.6 trn to 4.2 mn MSMEs under ECLGS scheme

The scheme is the biggest fiscal component of the Rs 20-trillion Aatmanirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman in May

Rajasthan government signs pact with Sidbi to develop MSME ecosystem

The Small Industries Development Bank of India (Sidbi) has signed a memorandum of understanding (MoU) with the Rajasthan government to develop the MSME ecosystem in the state

UP's first 'flatted factory complex' to come up in Agra for Rs 125 cr

The Rs 125 crore project will comprise 68 industrial units

Govt launches new Aatmanirbhar Bharat schemes to support MSMEs, start-ups

The Centre on Wednesday launched the Aatmanirbhar Bharat ARISE-Atal New India Challenges programme to support MSMEs and start-ups for making India innovative, resilient, tech-driven, and research and development (R&D)-oriented. The Niti Aayog's Atal Innovation Mission (AIM), in collaboration with ISRO and four ministries, will focus on challenges in 15 sectors through the programme. "This support for MSMEs (micro, small and medium enterprises) and start-ups in product development would make India innovative, resilient, tech-driven and R&D-oriented," Niti Aayog CEO Amitabh Kant said at the launch of the Aatmanirbhar Bharat ARISE-Atal New India Challenges programme. He added that the programme provides a great opportunity for the government to become the first buyer of indigenous Made in India technology solutions. Kant also expressed hope that the Atal Innovation Mission, through the ARISE-Atal New India Challenges, will help in breaking new ground and this will be a ...

UP plans exclusive retail chain to market ethnic, indigenous products

While, a majority of these outlets would be set up in UP, stores will also be launched in other states

Banks sanction loans of Rs 1.61 trn to MSMEs under credit guarantee scheme

The Finance Ministry on Monday said banks have sanctioned loans of about Rs 161,017 crore under the Rs 3-trn ECLGS for the MSME sector reeling under the slowdown caused by the coronavirus pandemic

Rebooting industry: 88% industrial units now operational in Uttar Pradesh

More than 70% or 583,000 units have plant load factor of 80-100%