Loan disbursals by Micro Units Development and Refinance Agency (MUDRA) slowed down in the third quarter of current financial year following the demonetisation of high-value currencies, an official said. “We have disbursed Rs 80,000 crore (from April 1 to December 31, 2016). There have been…
Tag: MUDRA
Powerloom sector to get govt support for marketing & tax benefits
A mega package for the powerloom sector is in the works, focused on upgrading units. The package will include social welfare schemes, insurance cover and cluster development of power looms. This would be the second in a series of incentives for the textile sector, after a Rs 6,500 crore package a…
Mudra: Rs 1.8 lakh crore to be forked in FY17
Banks are expected to disburse Rs 1.80 lakh crore as loans under Micro Units Development and Refinance Agency (MUDRA) Bank Yojana during the current financial year, MUDRA Bank Chief Executive Jiji Mammen said on July 19. “We started our operations from April 2015. The total target for 2015-16 was…
SIDBI disburses Rs 3,337 crore in 2015-16
State-owned SIDBI has disbursed Rs 3,337.20 crore out of Rs 3,783.20 crore sanctioned during 2015-16 through its wholly-owned subsidiary MUDRA to fund the small and self owned enterprises. MUDRA (Micro Units Development and Refinancing Agency) encourages development of micro units. In order to fu…
MSME Minister Kalraj Mishra lists NDA Government’s two year achievements ( 2014-16)
Union MSME Minister Kalraj Mishra and MoS (MSME) Giriraj Singh interacted with media and listed the achievements of the Ministry in last two years. Mishra stated that one of the main changes which have been brought by him in the Ministry is transparency and accountability in implementation of Sch…
Digital thrust to MSME sector to speed up its growth | MSME Secretary KK Jalan
The NDA Government at the Centre has given a major thrust to the Ministry of Micro, Small and Medium Enterprises (MSME). This is one of the core areas for “Make in India” programme launched by the Prime Minister Narendra Modi. KK Jalan, Secretary of the Ministry has been piloting vari…
There’s room for small entrepreneurs to get interest-free credit | MUDRA Chief
If micro-enterprise owners such as vegetable/fruit vendors and small food stall owners play their cards right, it may be possible for them to get interest-free credit from banks under the Pradhan Mantri Mudra Yojana. Once more ATMs with cash-deposit facility and standalone cash-deposit machines a…
Ratings are good but not mandatory for majority of MSMEs | K K Jalan, MSME Secretary
SMEPost Exclusive “Evidence says procurement for SMEs is on course & will only get better” Barely about three months into the new job, K K Jalan, Secretary, MSME Ministry is pretty comfortable articulating his stance on all complex issues facing the sector. Buoyed by the potential of his univ…
Budget 2016 ensures ‘Small is Big’; SME tax exemption limit elevated
In view with the growing demand to push the statistically proven economy drivers of the nation, government has unveiled Budget 2016, proposing to offer tax exemptions for SMEs. Units with turnover of up to Rs. 2 crore will have the benefit of the pitch. The threshold is twice the previous limit u…
SIDBI to raise Rs 10,000 Crore Stand up India fund corpus from RBI
The Small Industries Development Bank of India (SIDBI) will be raising the proposed Rs 10,000-crore corpus for ‘Stand Up India Fund’ from RBI, which will be disbursed to Dalit and women entrepreneurs, a top official said. “We are working to have the corpus in place for the Stand…