The situation on the external front has worsened rather than improving, raising a serious question about the sheer survival of export sector with a large number of jobs at stake, said Chairman of the EEPC India Mr. T. S. Bhasin. In his reaction to the release of trade data for November, Mr. Bhasi…
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NSIC supply of raw materials to MSMEs registers growth
The state-owned National Small Industries Corporation Limited (NSIC), which supplies raw materials to MSMEs, facilitated 7129 units in 2015-16 as against 6450 units in the previous year, an official announcement said. NSIC, which comes under MSME Ministry, sells raw materials to MSMEs such as iro…
Govt. & PSUs continue to comply with 20% procurement policy from MSMEs
The Government has so far not provided waiver to any industry or company from mandatory minimum procurement of 20 percent from Micro and Small Enterprises (MSE). No ministry or government department has violated this provision while securing their procurements, an official statement said. The man…
‘Incorrect’ CIBIL reports causing hardship to MSMEs
The MSME entrepreneurs, who are already reeling under the crisis of poor credit flow, high interest rates and third party ratings, now have a new reason to worry about. The Credit Information Bureau (India) Limited (CIBIL), which maintains the credit history of the borrowers for the financial ins…
Babajob.com joins Facebook’s SME India Council
In a significant development today, Babajob.com, India’s largest on-line job marketplace for the informal sector, was identified as a member of the SME India Council set up by Facebook in Asia-Pacific today. Facebook, which has over two million Indian Small and Medium Businesses (SMBs) on i…
Reliance Capital to increase exposure to SMEs | K V Srinivasan
Reliance Home Finance, the mortgage subsidiary of Reliance Capital, plans to increase its Assets Under Management (AUM) from Rs 6,500 crore to Rs 50,000 crore in five years, most of which will come from disbursing loans to self-employed customers. The company also plans to issue masala bonds, or …
Inclusion of MSMEs in start-up definition will boost ‘Make In India’
The government is considering a proposal to include Micro, Small and Medium Enterprises (MSMEs) in its definition of start-ups to help boost the Make in India campaign. Various government departments have held a series of brainstorming sessions to discuss the definition so that the policy can be …
“Hunar Hai to Kadar Hai” scheme to generate employment
The situation of unemployment among youth is very critical for Indian economy. According to Labour Bureau, the workforce increased by around 4.37 crore during 2012-13 and 2013-14. The number of educated and uneducated job seeker residing in rural and urban areas registered with employment exchang…
Govt to encourage toy making in MSME | Giriraj Singh, MoS, MSME
Stung by cheap imports of Chinese toys, the government has come out with plans to promote and develop toys in the Micro, Small and Medium Enterprises in the country. The MSME Ministry has already come out with various schemes and programmes in designing, market assistance, technology up gradation…
Small entrepreneurs need to innovate constantly to succeed | MSME Secretary Anup Pujari
Entrepreneurship and Innovation certainly have correlation and it is more so in small and medium enterprises. Every entrepreneur will have to be an innovator to be successful but the reverse is not true as an innovator need not be a good entrepreneur. The significance of this profound message is …