Government approved the revision in guidelines of the Performance in Credit Rating Scheme, aiming to increase its credibility and effectiveness for both borrowers and banks. Under the revised guidelines, the fee to be paid to the rating agencies shall be based on the turnover of the Micro and Sma…
Tag: Ministry of MSME
Global barons & local tycoons meet at P4 Expo India 2016
Spurred by the prospect of participating in the growth story of Indian Petrochemicals and related industries, All India Plastic Industries Association (AIPIA) has organised P4 Expo India 2016, an international trade show and conference on plastics, petrochemicals, printing and packaging, at India…
Revival of MSMEs by RBI applauded by FICCI-Confederation
Micro, Small and Medium Enterprises (MSMEs), including Khadi and Village/ Rural Enterprises, play a significant role in the economic growth of the country owing to their contribution to production, exports and employment. The sector has slowly come into the limelight, due to the increased focus f…
Prime Minister’s Employment Generation Programme (PMEGP) | A Special Report
Prime Minister’s Employment Generation Programme (PMEGP) is a credit linked subsidy programme administered by the Ministry of Micro, Small and Medium Enterprises, Government of India. Khadi & Village Industries Commission (KVIC) is the nodal agency at the national level for implementing of th…
RBI had constituted a working group on rehabilitation of sick SMEs
The Reserve Bank of India had constituted a Working Group on rehabilitation of sick SMEs, under the Chairmanship of Dr. K. C. Chakrabarty, the then Chairman & Managing Director, Punjab National Bank, to look into the problems faced by new as well as sick SMEs and suggest remedial measures. Th…
National Manufacturing Competitiveness Programme to enable & empower SMEs
In a press conference held at New Delhi on March 8th 2016, Ministry of Micro, Small and Medium Enterprises briefed that Rs. 52 crore will be allocated under National Manufacturing Competitiveness Programme (NMCP) during the financial year 2016-17. Union Minister Kalraj Mishra sought for a develop…