GSTN will bring online seven million organizations and five billion invoices every month, while street-side micro-entrepreneurs will soon be able to leverage their transaction data through Unified Payment Interface (UPI) apps to access micro-loans
…
Tag: FISME
FISME & SIDBI lay track to accelerate MSE procurement in Railways
FISME urges for 100% reservation on development orders for new firms with reduction in registration fee, SIDBI to jointly work with industry associations to disseminate information about the opportunities for MSMEs to work with Railways
…
Indian SMEs more bullish on growth prospects than firms in China: Study
In spite of doubts over uncertain business rules following the goods and services tax (GST) rollout in July 1, small and medium enterprises (SMEs) are more bullish on growth prospects as compared to their global counterparts, according to a survey conducted by financial services giant American Ex…
IIA demands easy exit route for sick MSMEs; Recommends exemption of various fee for sector
Insolvency and Bankruptcy Board of India (IBBI), SIPI – an independent think-tank on insolvency, INSOL India – the leadership body of insolvency stakeholders, FISME and Indian Industries Association (IIA) recently organised a roundtable of MSME representatives, professionals who assis…
GST impact: How enforcing input tax credit can hurt the SME economy
Long before the Goods and Services Tax (GST) got Parliamentary approval last week, there were opportunities through draft laws for accountants, lawyers, tax-paying enterprises — even technology companies—to participate in its creation. “The government and administrative machinery are dialog…
Job loss to widen if liquidity not restored soon: MSME Fed Chief
The impact of demonetisation has been far more on enterprises integrated with the rural supply chain or informal sector and not so much on large supply chain, says Anil Bhardwaj, Secretary General of the Federation of Indian Micro and Small & Medium Enterprises. In an interview he also shared…
Jobs will be safe in MSME sector, govt assures workers
Lucknow: Government sought to soothe concerns of layoff in micro, small and medium enterprises (MSMEs) that employ 80 million people against the backdrop of demonetisation, saying the decision might cause initial problems but will not impact job scenario in the sector. “There can be initial…
Nearly 75% govt banks miss MSME loan growth target
NEW DELHI: Despite the NDA governments push on improving credit to the micro, small and medium enterprises (MSMEs) in the country, only seven out of India’s 27 state-owned banks have achieved the loan growth target for the sector. The Finance Ministry had asked banks to register a 10% annual grow…
Allowing mortgage of Patents, TMS will help MSMEs raise funds| IPR experts
To allow mortgage of Patents and Trademarks would help the MSME particularly the start-ups who have nothing in the name of physical assets but the IPRs which holds huge financial potential, said an expert. IPR policy will not only incentivise entrepreneurship and innovation in the country, but wi…
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…