Most small businessmen do not prepare, read, understand or analyze their profit & loss account. They think this document is required mainly by big companies and it is not necessary for small businesses. As a business grows year-on-year, the issue for most businessmen is, how can one determine…
SME loan portfolio to witness 15% growth: Lakshmi Vilas Bank
Lakshmi Vilas Bank would continue to focus on the retail and SME segment, its Chief Executive and Managing Director Parthasarathi Mukherjee said. Speaking to reporters after inaugurating the 2-day SME Expo now underway at Suguna Kalyana Madapam in Coimbatore, he said that the 90-year-old institut…
Kalraj Mishra asks banks to lend liberally to MSMEs, generate jobs
Visakhapatnam: Banks must lend liberally to micro, small, and medium enterprises, especially those set up by women, to encourage entrepreneurship among them and generate large-scale employment, according to Union MSME Minister Kalraj Mishra. He was speaking at the inauguration of a Women Entrepre…
Budget 2017: Need better handling of SMEs by banks, says Sitharaman
At the World Economic Forum in Davos, Commerce Minister Nirmala Sitharaman shared her Budget recommendation for the small and medium-sized enterprise (SME) sector and her opinion on the roll-out of goods and services tax (GST) on July 1. Sitharaman suggested better handling of SMEs by banking ins…
Budget should aim at improving overall performance of the SME sector
Indian SME is undoubtedly a strong contributor to the economy. The SME sector generates significant employment while inputting considerably to the industrial output. While the union government continues to float policies and schemes to smoothen business challenges for the SME, there are further h…
Incubation centre promised for women entrepreneurs in Vishakhapatnam
Vishakhapatnam: Union Minister for MSME Kalraj Mishra has assured support to set up an incubation centre for women entrepreneurs in Andhra Pradesh. Inaugurating Shakti, a women entrepreneurs’ meet on January 20, he said the support would be extended under ASPIRE, a scheme for promotion of innovat…
Haribhai Parithibhai Chaudhary inaugurates MSME Expo in Guwahati
Guwahati: Minister of State under the Ministry of Micro, Small and Medium Enterprises (MSME) Haribhai Parithibhai Chaudhary inaugurated the National Vendor Development Program cum MSME Expo- 2017 at Maniram Dewan Trade Centre, Guwahati on January 20. The programme cum expo was organised by Micro,…
MSME sector to be largest jobs creator: Kailash Meghwal
Rajasthan Assembly Speaker Kailash Meghwal has said that small and medium scale industries would be the largest force in generating jobs for the youths in coming years. Addressing the inaugural session of CII Finance and SME conclave, Meghwal said that MSMEs have always played major role in trans…
बजट2017: छोटे रोजगार बढ़ाने के लिए लेने होंगे बड़े फैसले
चुनावी सभाओं में 2013-14 में नरेंद्र मोदी ने सालाना एक करोड़ रोजगार देने का वायदा देश के युवाओं से किया था। तब करोड़ों युवा मोदी के साथ खड़े हो गए थे और उन्हें लोकसभा चुनावों में भारी बहुमत दिलाया था। लेकिन रोजगार सृजन के अवसर पिछले सात सालों के न्यूनतम स्तर पर पहुंच गए हैं। […]
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Kalraj Mishra inaugurates workshop on MSME Cooperation
Union Minister of MSME, Kalraj Mishra inaugurated Workshop on MSME Cooperation amongst Indian Ocean Rim Association (IORA) Member countries. Speaking on the occasion, he said that this workshop will strengthen economic relationship amongst the member countries in the field of trade and investment…