Be it Make in India or Skill India, all efforts to a sustainable economic growth and development are not possible if there is no strong small and medium enterprises (SME) sector in the economy. SME contributes approximately 45% of industrial output and 40% of exports. That makes an important cont…
Tag: SME
Incentivise automation in manufacturing to give a boost for Make in India
Automation industry is in an evolving phase. There are many factors which are considerably changing the outlook of the industry such as ever-increasing need of complying to global standards, the constant need for improving operational excellence, desire for zero defects, productivity and quality …
Budget 2017: Float feasible policies to smoothen business challenges for SMEs
Indian SME is undoubtedly a strong contributor to the economy. The SME sector generates significant employment while inputting considerably to the industrial output. While the union government continues to float policies and schemes to smoothen business challenges for the SME, there are further h…
Demonetisation to have negative impact on SMEs: Assocham
Demonetisation of high value currency notes would leave quite a negative impact on small and medium enterprises, rural consumption and job creation in the immediate run while the large and well organised sectors of the corporate India stand to benefit in the long term horizon, the latest Assocham…
लघु और मध्यम उद्यमों पर नोटबंदी का नकारात्मक असर, लंबी अवधि में बड़े संगठित क्षेत्रों को फायदा: एसोचैम
उद्योग मंडल, एसोचैम ने रविवार को कहा कि नोटबंदी का लघु और मध्यम उद्यमों, ग्रामीण खपत और रोजगार सृजन पर नकारात्मक असर होगा, जबकि लंबी अवधि में बड़े संगठित क्षेत्रों को इसका लाभ मिलेगा। एसोचैम ने एक विज्ञप्ति में कहा, “तत्काल प्रभाव में बड़े नोटों के विमुद्रीकरण का लघु और मध्यम उद्योगों, ग्रामी…
Why profit & loss account is the most important document for SMEs
Most small businessmen do not prepare, read, understand or analyze their profit & loss account. They think this document is required mainly by big companies and it is not necessary for small businesses. As a business grows year-on-year, the issue for most businessmen is, how can one determine…
SME loan portfolio to witness 15% growth: Lakshmi Vilas Bank
Lakshmi Vilas Bank would continue to focus on the retail and SME segment, its Chief Executive and Managing Director Parthasarathi Mukherjee said. Speaking to reporters after inaugurating the 2-day SME Expo now underway at Suguna Kalyana Madapam in Coimbatore, he said that the 90-year-old institut…
Budget 2017: Need better handling of SMEs by banks, says Sitharaman
At the World Economic Forum in Davos, Commerce Minister Nirmala Sitharaman shared her Budget recommendation for the small and medium-sized enterprise (SME) sector and her opinion on the roll-out of goods and services tax (GST) on July 1. Sitharaman suggested better handling of SMEs by banking ins…
Incubation centre promised for women entrepreneurs in Vishakhapatnam
Vishakhapatnam: Union Minister for MSME Kalraj Mishra has assured support to set up an incubation centre for women entrepreneurs in Andhra Pradesh. Inaugurating Shakti, a women entrepreneurs’ meet on January 20, he said the support would be extended under ASPIRE, a scheme for promotion of innovat…
MSMEs को कर्ज देने में रियायत बरते बैंक, पड़े पैमाने पर बढ़ेंगे रोजगार: कलराज मिश्र
एमएसएमई मंत्री कलराज मिश्र ने महिला उद्यमियों के बीच उद्यमशीलता को प्रोत्साहित करने व बड़े पैमाने पर रोजगार पैदा करने के उद्देश्य से बैकों से कहा है कि वह सूक्ष्म, लघु और मध्यम उद्यमों, विशेष रूप से महिलाओं द्वारा स्थापित उद्यमों को कर्ज देने में रियायत बरतें। इंडियन एसएमई फोरम और स्टेट बैंक ऑफ़ इ…