Engineering exporters have made a strong plea to the West Bengal government for release of “considerable amount of money” blocked with state due to VAT related issues. The issue was raised at a meeting of the engineering exporters’ apex body, EEPC India, presided over by state M…
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MUDRA Yojna sluggish, bigger role for MFIs needed: Parliamentary panel
Concerned over sluggish refinancing under the MUDRA Yojna for tiny enterprises, a parliamentary panel has suggested a bigger role for micro-finance institutions (MFIs) while capping their interest rates at “reasonable rates”. As per the report by the Parliamentary Standing Committee p…
Leading Indian plastic manufacturers to participate in Expo Plast in Peru
NEW DELHI, May 3, 2016: 48 leading plastic manufacturers from India across sectors, including products, raw materials, equipment and accessories and auxiliary teams and peripheral companies will participate in the “India Pavilion” of the 7th EXPO PLAST which is starting today in the Peruvian cap…
Trade Facilitation Agreement envisages faster clearances & transparency in trade process | Nirmala Sitharaman
The MoS for Commerce & Industry, Nirmala Sitharaman said that Trade Facilitation Agreement (TFA) envisages faster clearances and reduction of red tapism at the borders and would thereby help in the ease of doing business. She said that ratification of the TFA is bound to change the Indian tra…
Government introduces a comprehensive Insolvency and Bankruptcy Bill in the Parliament
The Ministry of Micro, Small and Medium Enterprises (MSME) has been providing subsidy under Credit Linked Capital Subsidy Scheme (CLCSS) and margin money subsidy through Prime Minister’s Employment Generation Programme (PMEGP). Provision of subsidy effectively lowers the cost of borrowing for Mic…
Ensure J&K SMEs get hassle-free loans, says Mehbooba Mufti to Raghuram Rajan
Jammu and Kashmir Chief Minister Mehbooba Mufti on April 30 sought Reserve Bank of India’s (RBI) support for youth empowerment in the state, while urging premier banking institutions to reach out to young, budding entrepreneurs and help them establish viable business units. She said she exp…
Haryana to give financial assistance to MSMEs for patents
Haryana government has launched a scheme to grant financial assistance of up to Rs 25 lakh to Micro, Small and Medium Enterprises (MSME) for registration of patents for products and processes. To promote patent registration among enterprises and protect their innovation, the state government has …
Autodesk to enable MSMEs adopt technology for design innovation
California-headquartered Autodesk, the world’s leading 3D design firm, aims to push MSMEs (Micro, Small and Medium Enterprises) adopting technology in a bigger way for designing innovation, a top company executive said. Talking to Deccan Herald, Autodesk Head of the Manufacturing Division India a…
FISME launches MSME suppliers group of MSMEs
Ministry of Defence recently invited the apex body for MSME associations, FISME, to recommend MSMEs who can develop Defence Items not made in India so far. To develop a collaborative effort of MSMEs in defence supplies Federation of Indian Micro and Small & Medium Enterprises (FISME) has anno…
Haryana formulates scheme for e-Commerce linkages of MSMEs
Haryana Government has formulated a scheme for e-Commerce linkages of Micro, Small and Medium Enterprises (MSMEs) for online trading and brand building of their products. The scheme is primarily focused on increasing quality, industrial output and employment generation through incubation of e-com…