In a bid to ensure that the Micro, Small and Medium Enterprises sector in the state continues to grow at a rapid pace, as witnessed following the enactment of the MSME Development Act in 2006, Gujarat has further initiated a host of proactive measures with the state government assuring full suppo…
Tag: Narendra Modi
MSME sectors in Bengal hail PM’s sops
Kolkata: The real estate and MSME industries have hailed the sops announced by Narendra Modi on December 31. Representatives of the MSME industry bodies are, though, a little apprehensive about the implementation of the enhance credit guarantee limit in the ground level. The convener of core comm…
SME lenders laud govt’s move
The central government’s decision to increase the credit guarantee for small companies would help wean away the latter’s dependence on money lenders, says lenders to the segment. In the backdrop of currency demonetisation, Prime Minister Narendra Modi had over the weekend announced some help for …
Bank loans may increase for SMEs
Doubling the credit guarantee on loans taken by small and medium enterprises (SMEs) and enhancing their cash credit limits is expected to increase the banking sector fund flow to the SME sector. These steps announced by Prime Minister Narendra Modi on Saturday would also lower borrowing costs of …
PM Modi’s New Year’s Eve address: Multiple sops announced for SMEs
Prime Minister Narendra Modi in his New Year’s eve address on December 31 announced sops for the SME and MSME sector. “To increase the employment that SMEs and MSMEs can provide, we are increasing the credit guarantee to Rs 2 crore from 1 crore,” PM Modi said. “Through a trust, the government wil…
Use khadi once a week, government staff told
BHOPAL: Two-and-a-half months after a close-door meeting between Prime Minister Narendra Modi and known Jain seer Acharya Vidyasagar in the state capital, the Madhya Pradesh government has appealed to its employees to promote khadi and handlooms by wearing khadi clothes at work once a week. ̶…
PM Modi’s New Year’s Eve speech: Relief for farmers, SME sector in focus
Direct benefit transfer-based relief measures for farmers and the SME sector in the wake of the hardships caused by demonetisation could be the big announcement to look out for in Prime Minister Narendra Modi’s New Year’s Eve speech. According to a report, the government is keen to bo…
‘BHIM: Bharat Interface for Money’, a realtime cashless transaction scheme launched at DigiDhan Mela
As the 50-day window to deposit old 500 and 1000-rupee notes draws to a close on Dec 30, Prime Minister Narendra Modi launched ‘BHIM: Bharat Interface for Money’, a realtime cashless transaction scheme at the DigiDhan Mela on December 30. “This new mobile payment app ‘BHIM: Bharat Interface…
Businesses can soon cash in on Aadhaar-enabled payments: Ravi Shankar Prasad
After unveiling a slew of ‘incentives’ for digital payment, the government may roll out certain ‘disincentives’ for cash payments as well in the coming year, said Law and IT Minister Ravi Shankar Prasad in an interview, Prasad spoke about measures that the government is taking to push cashless tr…
At Niti Aayog meet, PM Modi analyzes budget, skills, tourism
Prime Minister Narendra Modi, for the first time, attended an interaction with a set of noted economists and experts today, in which he called for innovative approaches to budget-making, and a special focus on skill development and tourism. The meet was organised by Niti Aayog. Attending the sess…