CII-CRISIL Report recommends action points to increase MSME ratings The Reserve Bank of India (RBI) is initiating a process for putting in place a framework for accreditation of credit counsellors who are expected to serve as facilitators and enablers for micro and small entrepreneurs. RBI Deput…
Tag: National Small Industries Corporation (NSIC)
MSME Databank launched; salient features you need to know
Union Finance Minister Arun Jaitley has launched the MSME Databank alongside Online Finance Facilitation Web Portal at the 14th National Board for MSME Meeting in New Delhi on August 11. The portals aim to provide collective funding options for MSMEs sourced from major financial institutions. “Th…
MSME database to be digitised soon
The relevant data regarding the country’s 51 million Micro, Small and Medium Enterprises (MSMEs) will be digitised soon, according to P Uday Kumar, Director, National Small Industries Corporation (NSIC). The Union Ministry of MSME has launched the new initiative to capture data regarding these in…
Govt issues guidelines on SC/ST Hub to encourage entrepreneurs
Government issued guidelines related to setting up of the National Scheduled Caste and Scheduled Tribe Hub to provide professional support to entrepreneurs coming from such communities. “The scheme is proposed to be applicable from the date of sanction till March 31, 2020. Total project cos…
MSMEs in Odisha require 0.1 million tonne coal in FY17
The coal requirement by the Micro, Small and Medium Enterprises (MSME) in Odisha is pegged at 1,83,000 tonne for the FY17. The state government has nominated state run Odisha Small Industries Corporation (OSIC) this year in addition to the local branch of National Small Industries Corporation (NS…
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…
CII to launch knowledge and finance forum for helping MSMEs in Mysuru
The Confederation of Indian Industry (CII), Mysuru is launching a knowledge and finance forum on Friday to facilitate the growth of the micro, small and medium enterprises (MSMEs) in the district. In a press release issued, CII Chairman N Muthukumar said the main objective of launching the SME kn…
Rs. 3000 crores for development of MSME sector | Kalraj Mishra
Union MSME Minister Kalraj Mishra has said that out of Rs. 3000 crore allocation to his Ministry, more than Rs. 1100 crore will be used for generating employment for more than 4,25,000 persons under Prime Minister Employment Generation Programme (PMEGP). He also stated that Rs. 130 crore has been…