At the inauguration of the 5th National Industrial & Trade Fair organised by Dalit Indian Chamber Commerce & Industry (DICCI), Union Minister for MSME (Micro, Small & Medium Enterprises) Kalraj Mishra has announced that under Stand-up India initiative, each of the 1.25 lakh bank branc…
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HAL to rope in more vendors from MSME sector for its indigenisation projects
Hindustan Aeronautics Limited (HAL) is selecting more vendors for some of its indigenisation programmes in the aerospace sector. “Currently, the company is working with over 2,000 vendors in the MSME segment,” said A Selvaraj, Head, Indigenisation Cell of HAL. “This is required as we have to hast…
BUSY 16 launched to help SMEs grow business
Busy Infotech has launched their new version ‘BUSY 16’ specially focusing on the MSMEs with plethora of new features that includes Customer Management features like enquiries management, customer support management and other power features like scheme management (FMCG / retail), indent management…
Askme Group to help arrange Rs 1,000 crore of loans for 10,000 SMEs
The Askme Group will help arrange Rs 1,000 crore of loans for 10,000 online and offline small and medium enterprises that are listed on its platforms and directories by the end of financial year 2017. The finance arm of the group, Askme-Fin, has tied up with non-bank finance companies, banks and …
PHD Chamber & Avian Media mull over skill enhancement for MSMEs
The Micro, Small and Medium Enterprises (MSME) sector, considered a key player in the Make in India campaign, needs more funds and ‘hand-holding’ for greater Information and Communication Technology (ICT) push and skill enhancement, say a joint study by PHD Chamber and Avian Media. According to t…
Revival of MSMEs by RBI applauded by FICCI-Confederation
Micro, Small and Medium Enterprises (MSMEs), including Khadi and Village/ Rural Enterprises, play a significant role in the economic growth of the country owing to their contribution to production, exports and employment. The sector has slowly come into the limelight, due to the increased focus f…
Retail participation on SME platforms overwhelming | WFE Study
Most stock exchanges with dedicated platforms for small and medium enterprises, including top bourse BSE, are seeing overwhelming retail participation in SME stocks, a report said. According to a study by World Federation of Exchanges (WFE), retail investors dominate the BSE SME market, with most…
SMEs’ April-January IPO fund receipts cross full-FY15 figure
To tap the upbeat investor sentiments, as many as 34 small and medium enterprises (SMEs) got listed on capital markets with initial public offerings worth Rs 287 crore in the first ten months of current fiscal. This was higher than 39 SMEs raising a total of Rs 278 crore in the entire past fiscal…
RBI instructs banks to put MSME revival framework by June 30, 2016
The Reserve Bank of India (RBI) has issued the Framework for Revival and Rehabilitation of Micro, Small and Medium Enterprises (MSMEs) along with operational instructions, to all banks for immediate implementation. Under the Framework, cases for all MSME loan accounts where principal or loan inst…
50 Make in India projects in Maharashtra to get land 30 per cent cheaper
The MIDC will soon provide 50 small and medium-sized enterprises (SMEs) with land at 30% cheaper rates as part of the Make in India plan. According to a recent circular, the Maharashtra Industrial Development Corporation (MIDC) will exempt the SMEs project from the new plot rates announced on Jan…