The National Small Industries Corporation (NSIC) is providing concessions for micro and small enterprises, rated under the Performance and Credit Rating scheme. The units shall be given incentives though special rate of interest. The MSEs which score the highest rating (SE A1) on the rating scale…
Gandhi Jayanti Special: Evolving a Swachh Bharat with the spearheads of MSMEs
National Small Industries Corporation (NSIC) brought together the MSME leaders who paid rich tribute to the father of the nation on the occasion of Gandhi Jayanti, and swept clean the path ahead for MSMEs. To help fulfill Mahatma Gandhi’s vision of ‘Clean India’, Union MSME Minister Kalraj Mishr…
Chai Point | A Harward graduate’s idea to be Starbucks of tea
It was late evening. An aroma filled the room. I looked up and around, and saw colleagues sipping tea. The faces which seemed over-worked, suddenly were smiling as though their task had become simpler. But a cup of tea means different things to different people. Chai (tea), for some is a necessit…
Focus on SMEs & e-Commerce poised for tremendous growth in near future | Voonik Co-Founder Sujayath Ali
The future is full of possibilities for SMEs and it is up for grabs, given the opportunities granted by the e-Commerce boom in India. SMEs may not have strong online presence, but 43% of the total SMEs participate in online sales in India. Voonik, an apparel sector e-Commerce startup, is a conflu…
President gives nod to GST Bill; 60 days’ countdown to GST Council begins
Turning years of wait into reality, the Constitutional Amendment Bill on Goods and Services Tax (GST) received Presidential assent on September 9 and turned into a law. The consent has moved the government a step closer to do away with indirect taxes. Next on agenda is formulation of the GST Coun…
RBI formulating framework to ease flow of credit to MSMEs
CII-CRISIL Report recommends action points to increase MSME ratings The Reserve Bank of India (RBI) is initiating a process for putting in place a framework for accreditation of credit counsellors who are expected to serve as facilitators and enablers for micro and small entrepreneurs. RBI Deput…
Payroll outsourcing will bring huge relief to small business owners | Husys CMD G R Reddy
Running a small business is a stiff challenge given the constant pressure on funds, technology and manpower. The human resource function is yet to evolve in majority of small businesses. But a window of opportunity has come about with the advent of specialised talent management companies focused …
We produce environment-friendly energy | Ankur Scientific VP (Business Development) Ashok Chaudhary
Renewable energy is the need of hour. It is both eco-friendly as well as reproducible (as the name ‘renewable’ itself suggests). For small scale manufacturers, working in remote areas with less (or no) access to power/energy, production of such energies is like a boon. #SuperSMEaward winning Anku…
MSME Databank launched; salient features you need to know
Union Finance Minister Arun Jaitley has launched the MSME Databank alongside Online Finance Facilitation Web Portal at the 14th National Board for MSME Meeting in New Delhi on August 11. The portals aim to provide collective funding options for MSMEs sourced from major financial institutions. “Th…
A riot of colors & weaves at 2nd National Handloom Day Expo
From Kashmiri Pashmina to South Silk, Banarasi Silk Saree and West Bengal Handloom to Lucknow Chikankari and Khadi – everything was at display at Handloom Expo organised by Federation of Indian Chambers of Commerce & Industry (FICCI) and FICCI Ladies Organisation (FLO) to celebrate Nati…