Srinagar: Jammu and Kashmir Finance Minister Haseeb Drabu criticized banks and financial institutions across India for their laziness by not lending to small enterprises thus pushing a sector that produces 45 percent of the manufactured output, backwards and discouraging entre…
Tag: MUDRA
Online platform in offing for easier access of MUDRA loans to micro units
Online platform will also use analytics to provide lenders with more information about micro borrowers
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Pradhan Mantri MUDRA Yojana generates 5.5 cr jobs, says SKOCH report
The Pradhan Mantri MUDRA Yojana (PMMY), which provides access to institutional finance to small business units, has helped in creating 5.5 crore jobs with industrialised states being major beneficiaries, a report said. Industrialised states like Karnataka, Tamil Nadu and Maharashtra have been the…
‘SMEs get support from diversified companies’
The modem of technology is also being welcomed by the SMEs in India to reach out to bigger mass of people
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Mudra loans set to top Rs 2L cr in FY18; WB, TN, Bihar biggest recipients
Nearly four million small entrepreneurs, involved in diverse businesses ranging from neighbourhood grocery stores to micro dairy units and carpentry services, availed loans up to Rs 10 lakh in 2016-17 through the scheme.
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GST to benefit small traders & accelerate goods transportation: PM
While informing the Members of Parliament about the benefits of GST, the Prime Minister said the regime will accelerate the transportation of goods and be of advantage to small traders.
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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…
MSME careers: How to unshackle small enterprise growth in India
The micro, small and medium enterprises (MSME) employ more than 80 million people in India and contribute to around 40% of total exports and 37% of total GDP. Yet it is not easy for most of them to thrive owing to lack of funds, obsolete technology and poor production capacity. It is, therefore, …
Budget 2017: Time to extend the tax sops to SME
Be it Make in India or Skill India, all efforts to a sustainable economic growth and development are not possible if there is no strong small and medium enterprises (SME) sector in the economy. SME contributes approximately 45% of industrial output and 40% of exports. That makes an important cont…
नोटबंदी की वजह से MUDRA लोन पर साल के अंत में पड़ा असर
छोटे कारोबारियों के आसानी से कर्ज प्राप्त करने के लिए शुरू की गई योजना माइक्रो यूनिट्स डिवेलपमेंट ऐंड रिफाइनैंस एजेंसी (MUDRA) पर नोटबंदी का बुरा प्रभाव पड़ा है। मुद्रा के सीईओ जीजी मेमन ने कहा, “हमने 1 अप्रैल से लेकर 31 दिसंबर 2016 तक हमने 80,000 करोड़ रुपये तक का कर्ज योजना के तहत वितरित [&hel…