Tag: MSME sector

Rayalaseema will emerge as an industrial hub, says Minister

With the likely establishment of a ‘Coastal Employment Zone’ alongside the upcoming industrial corridors and other developmental activities, the Rayalaseema region would soon emerge as an industrial hub, said Industries Minister N. Amarnath Reddy. Addressing the gathering during an inte…

Rise in NPAs worries MSMEs in West Bengal: SBI

Country’s leading lender State Bank of India (SBI) on August 10, said that the rising NPAs in the MSME sector in West Bengal was worrisome for which the bank had introduced new assessment system for these units. “It is worrisome that the level of NPAs in the MSME sector has touched 16…

SIDBI launches Certified Credit Counsellor programme for MSMEs

SIDBI has launched a programme for Certified Credit Counsellor for MSME on July 11. The program was launched by S S Mundra, Deputy Governor at Mumbai and attended by senior officials of RBI, banks and other stakeholders concerning MSME including from industry associations. MSMEs sector faces seve…

GST Impact: The centre should provide spur to MSME sector

GST Impact: ‘Centre should provide spur to MSME sector’

The Centre has to provide an incentive along the lines of Modvat credit to mitigate the adverse impact of the Goods and Services Tax on micro and tiny manufacturing units, say representatives in the MSME sector. Micro and tiny industrial units with turnover of less than Rs 20 lakh, are exempted u…