As per government’s overall push for quality, Quality Council of India (QCI) under the leadership of Adil Zainulbhai has initiated a twitter interface. The interface comes against the backdrop of an independent @SMEpost Twitter survey on quality. Pushing quality as an intrinsic part of the busine…
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Budget 2017: Govt may give incentives for food processing SMEs
New Delhi: Government is likely to announce incentives for small and medium food processing units in areas such as rice and tea in the Budget to promote the sector and boost manufacturing activities. The impetus may come through a scheme – Sampada — under which 35 per cent subsidy cou…
Demonetisation to have negative impact on SMEs: Assocham
Demonetisation of high value currency notes would leave quite a negative impact on small and medium enterprises, rural consumption and job creation in the immediate run while the large and well organised sectors of the corporate India stand to benefit in the long term horizon, the latest Assocham…
Budget 2017: Start-up India hopes for tax cut, fresh funds and foreign investments
Union Budget 2017 is due on February 1. This will be the third budget to be presented by the Prime Minister Narendra Modi’s government and it won’t be easy. The budget 2017 will not only be unique for its preponement from the usual month of March and clubbing with Railway budget, but will also ha…
Amazon India to empower Naga women entrepreneurs
With a view to drive digital literacy among women entrepreneurs in Nagaland, Amazon India partnered with the state government and the National Skill Development Corp (NSDC) to provide them a global platform to sell their products at zero initial cost. Amazon India will conduct training and skill …
Govt to support Tangaliya weavers: Smriti Irani
Ahmedabad: Government of India will facilitate Tangaliya weavers in purchase of looms, by providing them an assistance amounting to 90 percent of the price of looms. The Union Textiles Minister Smriti Irani made this announcement, during her interaction with Tangaliya weavers in Surendranagar dis…
Why profit & loss account is the most important document for SMEs
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…