Around 666 micro, small and medium enterprises (MSMEs) in Nashik district have got their units registered by submitting their Aadhaar number online. The registrations of new MSMEs have been made online and linked to Aadhaar numbers with effect from October 6. The state government has made it mand…
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Exclusive | Credit Guarantee Fund soon for MSME
Government will soon set up of a credit guarantee fund for the SME sector, a government official told SMEpost.com on Friday. The fund will have a Rs 20,000 crore corpus, which will help in refinancing commercial banks for their lending to SME sector. There may be small service charge, which banks…
Women entrepreneurship development program @ KVCI
The government will step up the training program me to women entrepreneurs to boost Khadi, Village and Coir Industries in India. The women training program me is being intensified in the country as part of Prime Minister’s Employment Generation Program me (PMEGP). The program me which provides cr…
EXCLUSIFE solution for SME sector
Today, with extensive use of technology in charting behavioral patterns, one would expect seamless connect between shopkeepers/retailers and their customers. Reality appears to be a bit different however. There are hardly any mechanisms for an offline retailer or business owner understand what th…
More than 300 buyers expected at Kerala SME meet
KOCHI: More than 300 buyers from India and abroad will participate in the upcoming Kerala Business-to-Business Meet 2016, being organised by the Department of Industries and Commerce, Government of Kerala. Over 100 buyers have already registered for participation in the meet. A government releas…
TN floods badly hit the MSME Sector – By Sonal Garg, SMEpost.com
Tamil Nadu’s Micro, Small and Medium Enterprises (MSMEs), accounting for the largest number (15.07%) in the country, suffered major setback during unprecedented rains in Chennai and several parts of the state. The state has 6.89 lakh registered MSMEs. They produce over 8,000 products with investm…
Aurangabad industry bags SME business excellence award
Grind Master, a pioneer in metalfinishing technology in Aurangabad has bagged the SME Business Excellence Award in the Mid Corporate segment under Engineering & Machinery sector. The award was presented at on November 23, 2015 at New Delhi by Jayant Sinha, minister of state for finance, Gover…
Non-Banking Finance Companies Ramp Up Their Reach To SMEs To Fill The Void
An increasing number of non-banking finance companies (NBFCs) are ramping up their reach to SMEs to tap the “high-quality borrowers”. Bank lending to this sector leaves a lot to be desired – it declined 3.3 per cent in April-September this fiscal. This is precisely what NBFCs such as Edelweiss, I…
India Africa Forum Summit 2015: Opportunity for Growth for both sides
In a bid strengthen economic cooperation with Africa, Indian government will support setting up of Small and Medium enterprises in African countries to promote job creation of employment and income generation for mutual benefit. During the India Africa Forum Summit from 26th-29th October 2015…
Madan Sabnavis, Chief Economist, CARE Ratings | The SME solution: Managing ‘Management’
All challenges relating to SMEs relate to different facets of management. These are governance management, client management, infrastructure management, quality management and financial management. These five issues pose both a challenge for these enterprises as well as pointers for policy makers…