The impact of demonetisation has been far more on enterprises integrated with the rural supply chain or informal sector and not so much on large supply chain, says Anil Bhardwaj, Secretary General of the Federation of Indian Micro and Small & Medium Enterprises. In an interview he also shared…
Tag: MSME
Ease compliance burden for start-ups, MSMEs: Parliamentary Panel
New Delhi: To ease the compliance burden for small companies including start-ups and MSMEs, a Parliamentary panel has suggested compliance threshold in Companies Act should be based on business volume or turnover rather than form of the company. Rules framed under the Companies Act should be modi…
Govt notifies ZED certification scheme, to help unregulated MSME sector
New Delhi: Government today notified the Zero Effect Zero Defect (ZED) certification scheme, which will hand-hold MSMEs across the country in Make in India sectors through quality control cells constituted by the government, and rate them after carrying out assessment of their products. The ZED c…
Govt mulls hiking withdrawal limit for MSMEs
The Micro, Small and Medium Enterprises (MSME) Ministry will seek from the Finance Ministry higher withdrawal limit of Rs2 lakh per week for small and medium enterprises to ease their cash crunch that has followed the government’s demonetisation of high value currency notes. “We are having a disc…
Demonetisation Effect | Canara Bank sees better recovery of MSME loans
Bengaluru: Canara Bank expects a windfall in MSME (micro, small and medium enterprises) and SME (small and medium enterprises) recoveries post demonetisation. “There is a good chance of recoveries during this period in Non-Performing Assets (NPAs) and we are coming out with various one-time settl…
Banks panacea for NPAs could be an axe to cull MSMEs
“The bank is a friend, philosopher and guide of small enterprises” was the guiding motto for all banks during the past five decades. This seems to have been made into the derisive saying “A banker is one who lends an umbrella when the sun shines and takes it back when it starts raining”, by the […
Diversification makes MSMEs more attractive for lenders: CRISIL
Diversification of business model — by geographical reach, product range, and customer base — carries a lot of weight in credit risk assessments. So a well-diversified MSME will have a credit-quality edge over peers with concentrated businesses. CRISIL’s analysis of the financials of over 1,000 M…
Small industry under pressure to repay loans
With businesses taking a major hit since demonetisation was announced, the Micro, Small and Medium Enterprises (MSME) are now facing a new challenge — how to repay their existing loans on time and avoid having their loans be declared as Non-performing Assets (NPAs). NCR Chamber of Commerce and In…
Gujarat to bring policies for defence, aerospace industries for the growth of MSMEs
Vadodara: Chief Minister Vijay Rupani said on December 1st that the state government will be coming out with policies for defence and aeropace industries, which would help the micro, small and medium enterprises (MSME) grow. “We have made 18 policies on several industries and now will make …
Demonetisation Effect | Why MSMEs don’t want to go cashless
Today, many MSME companies and workers are reluctant to receive payments through banks. It is important for the Government to consider the ground realities, understand the challenges and apprehensions of these employers and employees and address them appropriately. The only way the Government can…