Page 6 - Msmes

SIDBI approves Rs 600 cr for industrial cluster development in Maharashtra

These ITIs are generally located near the industry clusters so that after completing their training, tradesmen can for apprenticeship in different industry clusters

Indian MSMEs need to move to Cloud faster amid digital transformation

Employing more than 11 crore people, the MSMEs contribute around 30 per cent to the country's gross domestic product (GDP), and more than half of these MSMEs, running legacy infrastructure

Flipkart Samarth's 'Crafted by Bharat' sale to showcase 100,000 products

Event will have artisans, weavers, people with disabilities and rural and urban women from SHGs. The two-day sale event goes Live on April 15-16, ahead of World Artisan Day

Pressure building on banks to raise lending rates, albeit gradually

Real action only after policy rate revision

Reserve Bank of India nod to banks to open digital banking units

The banking regulator has mandated minimum products and services that banks must offer in these DBUs

Govt extends ECLGS by one year, expands scope for contact-intensive sectors

Eligible borrowers in hospitality and related sectors, except civil aviation, can avail up to 50% of their highest fund based credit outstanding

MSME sector crucial for India's economic progress: PM Narendra Modi

The Union Cabinet approved a World Bank-assisted Rs 6,062 crore funding programme for the small and medium businesses to help improve their access to market and credit

Govt extends ECLGS for MSMEs till Mar 2023; boost for hospitality, aviation

The enhanced limit is subject to a maximum of Rs 200 crore per borrower

Cabinet clears Rs 6,062-crore World Bank-assisted programme for MSMEs

RAMP programme with impacts across the country will directly or indirectly benefit all 6.3 crore enterprises under the MSME category

West Bengal govt holds roadshow in Chennai to promote business summit

The West Bengal government on Monday held a roadshow in Chennai to promote the sixth edition of a state business summit. The roadshow was organised in association with Assocham to highlight the state's unique business opportunities, strategic location advantage and availability of human resource capital with investor-friendly policies. The next edition of the Bengal Global Business Summit will be held on April 20-21. "Around 200 delegates participated in the roadshow and 20 meetings with potential investors were held," the official said. During the outreach programme, a government delegation led by West Bengal Industrial Development Corporation chairman Rajiva Sinha highlighted the potential areas for investments in various sectors such as biotechnology, food processing, mobility, IT & E services, logistics, and ports with traditional industries of tea and jute. The government delegation also pointed out the state's capacity of withstanding the macro-economic shocks due to ...

Micro, small and medium enterprises staring at enduring financial distress

The RBI's guidelines on TReDS categorically state that an invoice has to be accepted by buyers before they can be financed by banks

Rs 54,604-crore ECLGS loans for FY22 guaranteed: Finance ministry

This is down from Rs 1.57 trillion worth of loans guaranteed in 2020-21

Amazon Business starts its first 'End of Financial Year Sale' in India

The sale aims to empower MSMEs by providing over 15 crore GST (goods and services tax) enabled products across top categories at exciting prices.

18 military platforms to be designed, developed by Indian defence industry

The move is part of the ministry's larger goal of boosting the domestic defence industry

Govt earmarks Rs 500 cr for scheme to support pharma clusters, MSMEs

The government has earmarked Rs 500 crore for a scheme to provide support to the existing pharma clusters and MSMEs across the country to improve their productivity and sustainability

PM Modi leads brain-storming at 11 budget-related webinars

The webinars saw an estimated participation of around 40,000 stakeholders

Haryana MSMEs to get 50% reimbursement of VAT on natural gas

Haryana government has proposed to reimburse 50 per cent of VAT collected on natural gas purchased by MSMEs for a period of two years.

L&T launches B2B e-commerce platform L&T-SuFin to expand service biz

The platform is targeted at MSMEs to enable them to source their industrial supplies pan-India, digitally

Corrugated box manufacturers seek cut in GST rates to benefit MSME sector

The Association also requested the government to take necessary steps to offset the Kraft paper shortage and control the steep increase in the prices of Kraft

After two months' resistance, steel prices rise again in Feb on cost push

Companies discuss special pricing for MSME customers with government