Trying to dispel fears that the MSME sector had taken a big hit from demonetisation, Union Minister Kalraj Mishra on December 31, said things are falling in place slowly despite “initial difficulties”. Addressing reporters here on the ministry’s achievements in 2016, Mishra admi…
Tag: PMMY
Plagued by issues of money, men & material
Micro, Small and Medium Enterprises (MSME) are the backbone of India’s industrial landscape. With about 40 million units employing about 100 million people, directly and indirectly, the sector is the largest job provider in the country. It contributes about 8 per cent to GDP, has a share of 45 pe…
Pradhan Mantri Mudra Yojana | Loans worth Rs 45,949 crore disbursed to MSMEs
The government has provided loans worth Rs 45,949 crore to micro and small enterprises till November 2015 end under the Prime Minister Mudra Yojana launched by Narendra Modi in April 2015. The scheme was first proposed by Finance Minister Arun Jaitely in 2015 Union Budget to create a Micro Units…