Page 32 - Msmes

Crisil SME tracker: For MSMEs in broiler farming, feast has only just begun

Feed prices are expected to remain favourable in fiscal 2018

Over 1.1 mn jobs created through MSME schemes in last 3 yrs: Kalraj Mishra

Union Minister Kalraj Mishra today said that around 1.1 million jobs have been created in the last three years under the flagship scheme of the MSME Ministry -- the Prime Minister's Employment Generation Programme, debunking claims of 'jobless growth' in the three years of the Narendra Modi-led NDA governmentHe said that those making such assertions were far removed from reality. Sharing job numbers created from various schemes under the micro, small and medium enterprises (MSME) Ministry, Mishra said efforts were being made towards employment generation.However, he admitted that there were "difficulties initially" and some job losses after demonetisation, adding that the jobs were restored after a few months.Asked about the implications of the rollout of Goods and Services Tax on the MSME sector, the Minister said if there are difficulties, the government will think over them.The excise duty exemption limit for micro, small and medium enterprises (MSME) is Rs 1.5 crore at present. ...

Rs 100-cr fund to help MSMEs decipher tech compliance

The cash will not be transferred to the companies but used to set up help desks

Govt proposes subsidy for MSMEs deploying cloud computing

The subsidy will be provided on user charges for 2 years

Cash credit limit for MSMEs raised to 30% : Meghwal

India's cash GDP ratio was at 12%, compared to 4% of developed countries, says Meghwal

SME lenders laud govt's move

NBFCs have been brought under the enhanced credit guarantee scheme for SMEs

For MSMEs, legal constitution can lead to customer stability, faster growth

Micro, small and medium enterprises (MSMEs) registered as companies (private limited and public limited) tend to perform better than those operating as firms (proprietorship and partnership).CRISIL analysed about 4,500 MSMEs, comprising companies and firms in equal measure, over fiscal 2013-15. The analysis revealed that the companies saw a compound annual growth rate (CAGR) of 16 per cent, while the firms grew at 10 per cent. Furthermore, about 67 per cent of the companies had a stable customer base, with a vintage of more than five years, as against 50 per cent for firms. Notably, about 85 per cent of CRISIL's top-rated MSMEs have shown stability in their customer base with a vintage of more than five years, as it is one of the rating yardsticks for evaluating the performance of an entity.CRISIL believes this could be a plausible reason large why corporates prefer to deal with companies - they are perceived to be more transparent in their transactions. A legal constitution will usher

MSMEs in Odisha require 0.1 million tonne coal in FY17

Coal requirement of a small and medium units is calculated by a joint capacity assessment made by concerned District Industries Centre

Chhattisgarh relaxes labour laws, will benefit MSMEs

Under the new norms, routine inspection in the facility will not be conducted by the labour department inspector

UP funneled Rs 13,000 cr to MSMEs during 11th Plan

Sector that contributes 60% to state's annual industrial output employs 9.2 mn people and generates economic activity worth Rs 1,20,000 cr annually