Reserve Bank has included factoring transactions under priority sector lending with an aim to increase cash flow to small and medium enterprises. “To increase liquidity support for the MSME sector, it has been decided that factoring transactions on ‘with recourse’ basis shall be…
Tag: MSME sector
Amendment to Companies Act will help boost fund flow for MSMEs: Arun Jaitley
Finance Minister Arun Jaitley has said amendments to the Companies Act 2013 being considered by Parliament will help ease institutional fund flow to small businesses, acknowledging this has been an issue with the MSME sector that has also not received adequate policy attention. “There were …
MSMEs reported strong hiring sentiments in the coming six months | MSME Hiring Sentiment Survey
The employers of micro, small and medium enterprises (MSMEs) across Telangana have reported strong hiring sentiments in the coming six months, according to MSME Hiring Sentiment Survey, conducted in April 2016 by TMI Group, a Hyderabad-based human resources services company. Explaining the purpos…
IIJS 2016 opens doors for young innovators & MSME sector
In a welcome move, IIJS 2016 plans to introduce “Hall of Innovation” product gallery and a dedicated section for MSME sector in Hall no. 2 at Bombay Exhibition Centre. These new features are being introduced to encourage highest levels of craftsmanship and provide equal opportunities …
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…
Odisha aims to create 4 lakh jobs in MSME sector
The Odisha government has set a target of creating 1.5 lakh MSME units with an employment potential of more than four lakh jobs within the next five years, said Governor S.C. Jamir on Tuesday. “As of now, more than 1.60 lakh MSME units have been established in our state with an investment 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…