News

AP Govt to support Fintech Industry

The AP Government is leaving no stone unturned to make AP the digital state in India. During the conference held in New Delhi on August 9, In his speech, Chowdary detailed the essentials for fintech startups identified by experts in the AP government. Chowdary highlighted the Andhra Pradesh’s new…

Gujarat govt lays out Rs 730 cr to 16k MSMEs to expand their units

Gujarat government has decided to lay out Rs 730 crore as ‘capital incentives’ to more than 16,000 micro, small and medium enterprises (MSMEs). This comes after 42,500 units in the state were reported scuffling. “Every year, the government gives an assistance of about Rs 300 crore. We…

3rd National Handloom Day: Govt assures hand-holding of textiles weavers

Minister of State (MoS) for Textiles Ajay Tamta has said that government is taking several steps for the welfare of textiles weavers. Presiding over the 3rd National Handloom Day program held on August 7 in Guwahati, the Minister said that the government not only appreciates the weavers, but also…

Rise in NPAs worries MSMEs in West Bengal: SBI

Country’s leading lender State Bank of India (SBI) on August 10, said that the rising NPAs in the MSME sector in West Bengal was worrisome for which the bank had introduced new assessment system for these units. “It is worrisome that the level of NPAs in the MSME sector has touched 16…

MSMEs can now create GSTR-1 using Offline Tool & Excel Worksheet

The governmenment has taken another step to make it easy for MSMEs to create their GSTR-1 using Offline Tool and Excel Worksheet. The procedures are made available in the government website www.gst.gov.in and it is free of cost. This, would be beneficial for MSMEs sector as facilities are availab…