Concerned about a majority of state-owned firms not meeting the norm of 20 per cent Procurement from Micro and Small Enterprises, CII has called for a strong co-ordination mechanism between the Ministry of MSME and other stakeholders. The industry body is in the process of submitting a set of sug…
Tag: MSE
Funds crunch crippling marketing avenues for MSMEs
The most common issues faced by Micro, Small and Medium Enterprises (MSMEs) are an acute dearth of easy finances and information on emerging markets. They are often unable to tap the markets because of lack of resources and a sound marketing techniques and infrastructure. They are also financiall…
Startups now exempted from any prior experience in public procurement
All startups have now been made eligible to get exemption from the prior experience criteria in public procurement, a benefit that was enjoyed only by micro and small enterprises so far. The department of expenditure has issued a directive to all ministries that all startups — “micro,…
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…
Exclusive | Outdated MSME schemes to be pruned in the budget: Govt
The union budget to be presented by Finance Minister Arun Jaitley on February 29 is likely to prune 180 odd schemes to promote Micro, Small and Medium enterprises in the country into 40-50 schemes to make them more effective. Official sources told SMEpost.com that the idea behind this consolidati…