Concerned over sluggish refinancing under the MUDRA Yojna for tiny enterprises, a parliamentary panel has suggested a bigger role for micro-finance institutions (MFIs) while capping their interest rates at “reasonable rates”. As per the report by the Parliamentary Standing Committee p…
Tag: PMEGP
Government introduces a comprehensive Insolvency and Bankruptcy Bill in the Parliament
The Ministry of Micro, Small and Medium Enterprises (MSME) has been providing subsidy under Credit Linked Capital Subsidy Scheme (CLCSS) and margin money subsidy through Prime Minister’s Employment Generation Programme (PMEGP). Provision of subsidy effectively lowers the cost of borrowing for Mic…
Insurance studies should be mirrored for SMEs | Prabodh Thakkar, Chairman, Aon Global Insurance Brokers
A fourth generation insurance entrepreneur and commanding vast knowledge on various aspects of insurance, Prabodh Thakkar is the Chairman of Aon Global Insurance Brokers Pvt Ltd. He served as President of Indian Merchants’ Chamber and is also the member of the managing commitee of Indo Amer…
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…
38 CPSUs achieved the target of 20% public procurement from MSME
Thirty Eight CPSUs have achieved the target of 20% public procurement from MSMEs in the just concluded financial year. This was revealed in a meeting chaired by Kalraj Mishra, Union Minister for MSME, to review the implementation of Public Procurement from MSMEs. Mishra highlighted the importanc…
Rs. 3000 Cr allocation for MSME sector in Budget 2016; a clear indication of ‘Small is Big’
The significance of Micro, Small & Medium Enterprises (MSMEs) to India’s economic growth and prosperity is well established. While they provide critical depth to both manufacturing and service sectors, they also foster entrepreneurship and of course generate substantial employment. A number o…
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…
WASME for more flexibility to MSMEs in the Budget
World Association for Small and Medium Enterprises (WASME) seeks a flexible Budget for MSMEs to extend support to the sector’s development. “Without MSME we can’t think of our economy and development. We have to be flexible”, says WASME ED Sampa Banerjee. Government has initiatives like Prime Min…
MSME Ministry for revival of sick units
The Government will work out modalities to revive sick industry soon, Union MSME Minister Kalraj Mishra has said. At a regional conclave of MSMEs from states of Punjab, Haryana, Chandigarh, Delhi, Uttrakhand, Jammu and Kashmir and Himachal Pradesh, Mishra said “the idea behind such conclave…
Skill mapping to boost MSMEs | Kalraj Mishra at PMEGP workshop
For the first time the union government has conducted industrial profile and skill mapping to ascertain where MSME industries could be set up. Skill training was being provided to youths so that they as well the industry could know about each other’s requirement, Union Minister for Micro, Small a…