Petroleum Min has decided to join the SPV following a request from the state government, but the amount of equity would be decided shortly
Total credit portfolio of MSMEs is Rs 12 lakh cr
The contribution of MSME sector, including service segment, to the country's GDP is around 40%
The minister said the government is witnessing a new trend with many MSMEs taking the e-commerce route to establish themselves in the Indian market
However, the Commerce and Industry Minister avoided commenting on the currency, saying it would be too 'sensitive' to comment on it
60 units in Western UP surrender power connection
Union Budget 2016-17 has hiked support to credit rating scheme by 600% to Rs 200 cr compared with merely Rs 28 cr during 2015-16
The beleaguered MSME sector in the state is facing flight of industry to other states
This is almost twice the turnover of Rs 875 cr achieved in the last fiscal
Organisation says 10-fold hike in lease rent and maintenance of state-owned industrial premises is a key grouse
These benefits are roughly 10.5% of the total expenditure of the Budget estimate for 2016-17, the agency said in a note
Unsustainable collateral conditions and time-consuming bank procedures act as major hurdles, which stop many MSMEs from even seeking loans
The RBI recently asked lenders to form district-level committees to resolve stressed loans to MSMEs
Sundergarh district has emerged as numero uno with maximum number of 3,229 MSMEs going into production
Many MSME units located at Ambattur and Guindy in the city were badly hit due to flooding
About 3.3 million assessees in the MSME category will benefit from these changes, said the Mishra.
Centre denies selling NTC land in Mumbai; units to be allied sector of textile industry