Union Finance Minister Arun Jaitley has launched the MSME Databank alongside Online Finance Facilitation Web Portal at the 14th National Board for MSME Meeting in New Delhi on August 11. The portals aim to provide collective funding options for MSMEs sourced from major financial institutions. “Th…
Tag: K K Jalan
Arun Jaitley to launch MSME databank, finance facilitation centres
Finance Minister Arun Jaitley will launch a databank to gather information about Micro, Small and Medium Enterprises on August 11, besides Online Finance Facilitation Centres to provide collective funding options for MSMEs. “Through the databank, we shall carry out a census of MSMEs online …
GST Bill likely to pass in Monsoon session; SMEs bullish on the turn around
With the Monsoon Session kicking off, small and medium business players seem enthused by the likeness of Goods and Services Tax (GST) Bill being passed by the Parliament. The NDA government has sought an all-party support in the passage of this long-pending bill, which seeks to create a uniform i…
MSME Secretary launches India’s first commonwealth SME Association
Ministry of MSME Secretary K K Jalan launched India’s Commonwealth SME Association to focus on linking Indian exporters to the suppliers from LDCs. The Commonwealth SME Association, a joint initiative of industry body FISME and Commonwealth Secretariat, London, would provide a sustainable platfor…
Kalraj Mishra reviews work of Mahatma Gandhi Institute for Rural Industrialization (MGIRI)
Kalraj Mishra, Union Minister for MSME appreciated the work of MGIRI specially in bringing out innovative technologies such as, extracting amino acid from human hair, Solar Potter Wheel, Solar Blunger and 10 & 16 spindles Solar Charkha. He also appreciated the Principal Scientists who have a…
Digital thrust to MSME sector to speed up its growth | MSME Secretary KK Jalan
The NDA Government at the Centre has given a major thrust to the Ministry of Micro, Small and Medium Enterprises (MSME). This is one of the core areas for “Make in India” programme launched by the Prime Minister Narendra Modi. KK Jalan, Secretary of the Ministry has been piloting vari…
RBI taking steps to improve credit to MSMEs | Dy. Governor Mundra
The Reserve Bank of India is taking a number of steps to ensure timely credit availability as also improving cash flow to the Micro, Small and Medium Enterprises (MSMEs), which stand as the beacon of hope in an otherwise difficult economic environment. Addressing the Bankers’- Borrowers int…
Ratings are good but not mandatory for majority of MSMEs | K K Jalan, MSME Secretary
SMEPost Exclusive “Evidence says procurement for SMEs is on course & will only get better” Barely about three months into the new job, K K Jalan, Secretary, MSME Ministry is pretty comfortable articulating his stance on all complex issues facing the sector. Buoyed by the potential of his univ…
Public procurement policy for MSMEs not working | MSME Minister pulls up PSUs
Mandatory 20 per cent procurement by public enterprises from Micro, Small and Medium enterprises came into being on April one 2015 and but it seems to be not working as most of the PSUs have faltered in fulfilling this obligation. This has put several MSMEs in to difficulty. MSMEs account for ne…