The proposed conclave is likely to take place some time around first week of November; Will bring together relevant stakeholders and potential buyers
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Tag: MSE
MSME Secy urges CPSEs to ensure 4% procurement from SC/ST entrepreneurs at NSSH conclave
Arun Kumar Panda moots for GeM registrations amongst MSMEs; Suggests CPSEs to organize VDPs and buyer-seller meets to identify procurable items and hand-hold micro and small enterprises
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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
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‘SIDBI has touched lives of more than 360 lakh people in MSME sector’
Small Industries Development Bank of India (SIDBI) has touched the lives of more than 360 lakh people in the MSME sector, directly and indirectly through various credit measures, informed officials in the 19th Annual General Meeting of SIDBI on July 07, 2017, in Lucknow. In the meeting, Ajay Kuma…
Tech upgradation: SC/ST enterprises to get 25% credit-linked subsidy
New Delhi: To help micro and small enterprises belonging to Scheduled Castes & Tribes upgrade technology, the government has approved a scheme to provide 25 per cent capital subsidy up to Rs 25 lakh via banks for purchase of plant and machinery. The scheme – Special Credit Linked Capita…
Industry body seeks special treatment for small units in GST
Laghu Udyog Bharati has called for preferential treatment of micro and small enterprises with turnover of less than Rs 2 crore, urging the government to put them under zero duty structure of GST. “We want GST to be modified. We are not satisfied with GST in the present form. The government …
22 Public Sector Banks enhance limits of 38,300 SMEs
New Delhi: As many as 22 Public Sector Banks (PSBs) have reported enhancement of limits of 38,300 small and medium enterprises (SMEs), the Ministry of MSME has said. In a social media post, the Ministry said an enhancement of limits takes place upon renewal, revision or request by the borrower c…
NSIC to reward small units via Performance & Credit Rating Scheme
The National Small Industries Corporation (NSIC) is providing concessions for micro and small enterprises, rated under the Performance and Credit Rating scheme. The units shall be given incentives though special rate of interest. The MSEs which score the highest rating (SE A1) on the rating scale…
Amend MSMED Act to ensure faster payments to MSEs
Delays in receipt of dues from corporates remain a major challenge for Micro and Small Enterprises (MSEs) in India, along with high cost of working capital finance and collateral requirements of lenders. The Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 stipulates that receiva…