Finance Minister Arun Jaitley will launch a databank to gather information about Micro, Small and Medium Enterprises on August 11, besides Online Finance Facilitation Centres to provide collective funding options for MSMEs. “Through the databank, we shall carry out a census of MSMEs online …
Tag: MSME Ministry
All India MSME Forum lauds GST; calls it a remarkable Bill
All India MSME Association (AIMA MSME), one of the representation body recognized by the MSME Ministry for the small and medium enterprises has appreciated the passage of GST Bill by Rajya Sabha on August 03, 2016. “Not just the MSME, but across the industries, I am sure this will give a positive…
Startups now exempted from any prior experience in public procurement
All startups have now been made eligible to get exemption from the prior experience criteria in public procurement, a benefit that was enjoyed only by micro and small enterprises so far. The department of expenditure has issued a directive to all ministries that all startups — “micro,…
Govt launches performance, credit rating scheme for MSMEs
A performance and credit rating scheme has been launched by the MSME Ministry to assess the capabilities and creditworthiness of the industries in the sector, Lok Sabha has been informed. “The Ministry of MSME through National Small Industry Corporation Limited is implementing Performance a…
Centre promoting Khadi use by Air India and Railways
To revive the khadi industry, Indian Railways and Air India are being encouraged to use products made up of the fabrics in trains and aeroplanes even as the KVIC’s sales grew 24 per cent in 2015-16, Parliament was informed. “Indian Railways and Air India are being encouraged to use kh…
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…
Haribhai Parthibhai Chaudhary takes charge as MOS, MSME Ministry
Haribhai Parthibhai Chaudhary took charge as new MOS in MSME Ministry on July 11, 2016. MSME Minister Kalraj Mishra welcomed him. After assuming office, Haribhai said that he will work towards the development of MSME sector which contributes about 40% of India’s exports. A Four-Time MP from Gujar…
Govt to recognize MSME achievers more frequently | KK Jalan, Secretary MSME at Super SME Awards
The Union Government will felicitate the achievers in Micro, Small and Medium Enterprises sector more frequently, KK Jalan, Secretary in the MSME Ministry announced on July 9 evening. Speaking as Guest of Honour at Super SME Awards organized by SMEpost.Com and WASME, Jalan said he had been …
CAPC being formed for defaulters of loans | MSME Minister makes announcement at Super SME Awards
Micro, Small and Medium Enterprises (MSME) should stop worrying about being declared as non performing assets (NPA) if they fail to repay loan for three months. MSME Ministry in collaboration with the Finance Ministry has worked out a plan for ease of business of MSMEs. The scheme covers not only…
Startups aren’t celebrating Procurement Policy yet
Though the government’s Procurement Policy, which reserves a percentage (20%) of its procurement as the portion to be fulfilled from small enterprises, effectively opened up to startups under the Startup India Action Plan, there still needs to be a lot done on the ground before startups can…