Page 2 - Msmes

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

Banks sanction loans worth Rs 3.1 trillion to MSMEs under ECLGS: Sitharaman

As much as Rs 2.36 lakh crore have been disbursed to MSMEs, she said

MSMEs entering defence sector to help country become self-reliant: PM Modi

"MSMEs was one of the foremost sectors that benefited from the Aatmanirbhar Bharat package that has shown great results," said PM Modi.

Sunil Bharti Mittal to Rashesh Shah, BS Jury lauds growth-oriented Budget

In terms of sector focus, the Budget has primarily focused on agri and MSME

Govt extends ECLGS scheme for MSMEs till Mar 2023; thrust on hospitality

Presenting the Budget 2022-23 in Parliament, the Finance Minister said the Credit Guarantee Trust for Micro and Small Enterprises (CGTMSE) scheme will be revamped with required infusion of funds

Rs 6,000-cr programme to rate MSMEs to be rolled out in 5 yrs: Sitharaman

As part of initiatives to promote digital infrastructure, a desh stack e-portal will be launched, she noted in her presentation of the Union Budget for 2022-23

PwC's Ranen Banerjee on Budget expectations for MSMEs and more

Ranen Banerjee of PwC India shares his views with Business Standard's Krishna Veera Vanamali on what he expects from the upcoming Budget for the MSMEs and what the govt can do to boost demand

Budget wishlist: Here are the key challenges in manufacturing sector

Measures need to be taken for MSMEs like enhancing the credit limit and access to finance

182 factoring companies for MSMEs now, up from seven earlier

The RBI has allowed all non-deposit taking NBFC-Investment and Credit Companies (NBFC-ICCs) with asset size of ₹1,000 crore and above to carry on with factoring business