The inaugural edition of the ‘SMEpost.com – WASME Super SME Awards 2016’ will be held on July 09, at the PHD House, New Delhi. These awards have been constituted to celebrate the Success Stories of Indian SME Sector who have scored big through innovative thinking, operational efficiency, fu…
Tag: Micro
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…
4,100 MSMEs registered online in Nashik
Around 4,100 Micro, Small and Medium Enterprises (MSMEs) in Nashik district have been registered online for Udyog Adhaar during past seven months. After the central government’s decision, the state has made online registrations mandatory to new MSMEs since October 6, 2015. Accordingly, an e…
Sitharaman takes startups’ tax holiday plea to Finance Ministry
To make Startup India more lucrative, the Ministry of Commerce & Industry has approached the Ministry of Finance with an industry proposal to widen the income tax exemption period from the current three years. “I have been interacting with the startups and a lot of them are in touch wit…
PHDCCI Innovation Summit for MSMEs to bring together industry honchos
On June 3rd, PHD Chamber will host Innovation Summit that aims at enhancing the innovative capacities of micro, small & medium enterprises. Discussions and deliberations will be around two key focus areas – Innovative Strategies for Sustainable MSME Financing and Technology Adaption in …
Govt mulls MSME status for local crushing units
In an effort to provide an alternative source of earning to the sugarcane growers of Uttar Pradesh, the central government is mulling revival of localised cane crushers by including them in the micro, small and medium enterprises (MSME) category. Once categorised as an MSME, sugarcane crushers, u…
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…
FICCI hails efforts to revive MSMEs
The FICCI-Confederation of MSME has hailed the new Framework by Reserve Bank of India (RBI) for revival and rehabilitation of MSMEs. “FICCI-Confederation of MSME welcomes the announcement/notification by RBI as the formation of Special Mention Account and mandatory formation of a committee at eac…
Jalan will be new MSME Secretary
Krishan Kumar Jalan, a 1982 batch IAS officer from Haryana cadre, will be the New Micro, Small & Medium Enterprises Secretary, an official announcement said. Jalan comes in place of Anup K Pujari, a 1980 batch Karnataka cadre IAS officer, who will retire on January 31. Jalan is presently Cent…
MSME Employment generation grew at 73 per cent during 2009 – 15 | CRISIL Study
An analysis of about 5,500 Micro, Small and Medium Enterprises (MSMEs) which are engaged in manufacturing activity and which approached CRISIL for renewal rating between 2009 and 2015 shows that employment generated by these units grew at 73 per cent over these seven years. In 2009, the MSMEs pro…