Non-banking finance companies have, of late, become the go-to place for micro, small and medium enterprises in need of funds. Lending to MSMEs had earlier been the forte of banks and NBFCs had a limited role in this segment. But now, this is changing. Enquiries with many small businesses showed o…
Tag: MSME
‘Timely payments for MSMEs are crucial’
It is a well-known fact that the economic success of developed economies is driven significantly by micro, small and medium enterprises (MSMEs). MSME development, especially access to finance, has been a focus area in India too. However, despite being a prime policy focus, MSME access to finance …
NALCO may lend its brand name to boost MSME sectors: Dr. Chand, CMD, NALCO
Bhubaneswar: “While Nalco provides a large market for the Micro Small and Medium Enterprises of Odisha and has supported the growth of the sector as a responsible Mother Plant, the company is now considering lending its brand name for downstream MSME industries dealing with aluminium applications…
New industrial policy to focus on MSME growth
Chandigarh: Signifying a drastic shift in attracting industry, the Congress government is focusing on the micro, small and medium enterprise (MSME) investors rather than the big-ticket ones. On the cards is a dedicated organisation to accelerate their growth, development of common environmen…
AP Govt to support Fintech Industry
The AP Government is leaving no stone unturned to make AP the digital state in India. During the conference held in New Delhi on August 9, In his speech, Chowdary detailed the essentials for fintech startups identified by experts in the AP government. Chowdary highlighted the Andhra Pradesh’s new…
Rays Power Experts | 23-year-old touching great heights with no degree
Nidhi Gupta, a middle class girl who is the co-founder and Executive Director at Rays Power Experts Pvt Ltd
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Gujarat govt lays out Rs 730 cr to 16k MSMEs to expand their units
Gujarat government has decided to lay out Rs 730 crore as ‘capital incentives’ to more than 16,000 micro, small and medium enterprises (MSMEs). This comes after 42,500 units in the state were reported scuffling. “Every year, the government gives an assistance of about Rs 300 crore. We…
MSME Ministry asks FinMin to consider exemption of Khadi sector from GST
The MSME Ministry has asked its Finance counterpart to consider exemption of Khadi sector from GST or ensure a seamless flow of input tax credit for Khadi Institutions to claim it, the government said in Parliament on August 10. At present only Khadi yarn produced in the sector is exempted, while…
Irrational subsidy to Chinese industries major set-back for Indian MSMEs: Haribhai Chaudhary
MSMEs in India have been battling a long, and seemingly endless, fight against cheap imported goods from countries like Vietnam, Bangladesh and, especially, China.
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2 industrial parks likely to come up in Andhra Pradesh by 2018
he two projects will focus on the development of industrial clusters at Hindupur and Bobbili in the districts of Ananatapur and Vizianagaram respectively.
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