देश के शहरी और ग्रामीण इलाकों में स्व रोजगार, अतिलघु एवं लघु उद्यमों को बढावा देने के उद्देश्य के साथ वर्ष 2008 में शुरु किये गये प्रधानमंत्री रोजगार सृजन कार्यक्रम (पीएमईजीपी) के तहत रोजगार सृजन में पिछले वर्ष करीब 10 फीसदी की कमी आयी है। उद्योग संगठन एसोचैम द्वारा सूक्ष्य, लघु एवं मध्यम उद्योग …
Tag: Micro
TReDS can boost MSMEs’ liquidity, with some tweaks
The Trade Receivables Discounting System (TReDS) proposed by the RBI is expected to provide much-needed liquidity to Micro, Small and Medium Enterprises (MSMEs). Lack of adequate working capital has been a major issue for MSMEs. Institutional lenders are typically obsessed with immovable collater…
Textile firms appreciate tax cut for MSMEs in Budget
Textile companies believe that tax reduction for micro, small and medium enterprises (MSMEs), that generate the maximum employment in the country, will help smaller retail entities and drive the growth engine. The abolition of FIPB (Foreign Investment Promotion Board) to ease the flow of FDI is a…
Banks told by RBI to raise working capital limit for MSMEs
In a relief to small and medium enterprises hit by the cash crunch in the market and the consequent slowdown in the business, Reserve Bank on December 29 said banks may provide ‘additional working capital limit’ to Micro, Small and Medium Enterprises (MSME) borrowers. This would be a one-time mea…
For MSMEs, legal constitution can lead to customer stability, faster growth
Micro, Small and Medium Enterprises (MSMEs) registered as companies (private limited and public limited) tend to perform better than those operating as firms (proprietorship and partnership). CRISIL analysed about 4,500 MSMEs, comprising companies and firms in equal measure, over fiscal 2013-15. …
Sitharaman pitches for cut in repo rate to help MSMEs
Making a strong case for providing medium & small manufacturers and exporters with cheaper credit, Commerce and Industry Minister Nirmala Sitharaman on August 24 pitched for a cut in the repo rate by as much as 200 basis points to help the cash-starved Micro, Small and Medium Enterprises (MSM…
Central and State Govts must come together to help MSMEs | DC & Additional Secretary (MSME) SN Tripathi
Ministry of Micro, Small and Medium Enterprises (MSME) has been making policies for the sector which is the backbone of country’s economy. But, the job of implementing these policies is being handled by Development Commissioner (DC) SN Tripathi who is also an additional secretary in the Ministry.…
KVIC to set Khadi stall in Parliament
The Khadi and Village Industries Commission (KVIC) is all set to tap the Members of Parliament to help take Khadi to the nook and corner of the country. Lok Sabha Speaker, Sumitra Mahajan has agreed to a request from the KVIC Chairman, V.K.Saxena, to allocate space to set up a stall within the Pa…
Monsoon Session of Parliament | Agendas concerning MSMEs
Carry your umbrellas as the Monsoon Session of Parliament is expected to rain bills. From Goods and Services Tax (GST) to MSME Development (Amendment) Bill, this hot and humid session has a lot on its plate for the MSME Sector. A total of 11 Bills are pending in the Lok Sabha and there are as [&h…
Competition among banks will cut SME borrowing cost: IMC President
The cost of funding for Micro, Small and Medium Enterprises (MSMEs) can be bought down substantially by unleashing competition among banks. Removing restrictions on foreign banks opening more branches will do the trick, said Deepak Premnarayen, President-elect, Indian Merchant Chamber, said . Dis…