The Reserve Bank has asked the Indian Banks’ Association (IBA) to review the existing criteria for rating of loans to Micro, Small and Medium Enterprises (MSMEs), which are blamed for slower credit off-take to the sector. Sources said this came after India’s largest public lender State Bank of In…
Tag: MSME
Haryana to give start-ups collateral-free loan up to Rs 1cr: CM Manohar Lal Khattar
The Chief Minister announced on September 17 Haryana’s golden jubilee year would be one of development and job creation and appeared determined to walk the talk by setting up a Rs 1,000-crore corpus for the industry sector, particularly medium and small-scale enterprises (MSME). He also sai…
Govt making efforts for development of industries: Tomar
Recognising the importance of small scale industries in the growth of economy, the government is making all efforts for development of industries and giving them suitable environment, Union Minister Narendra Singh Tomar said. Speaking at a programme of Laghu Udyog Bharti, the Union Rural Developm…
India to help build skill in Mauritian MSMEs
India will help Mauritius to develop the MSME sector and provide all support for the skill development, Union MSME Minister Kalraj Mishra said while interacting with Mauritius delegation headed by their Finance Minister Pravind Jugnauth. He said that relationship with Mauritius is a priority of h…
‘Startup Chhattisgarh’ launched for boosting entrepreneurship
To give a fillip to Prime Minister’s vision of Startup India, the state government launched ‘Start-up Chhattisgarh’ initiative here to foster entrepreneurship and promote innovation. “Youths have no dearth of ideas. Lots of creative ideas take shape in their mind. They should co…
Assam has immense potential in plastic industry
Assam has immense potential in plastic industry with a massive campaign underway to tap the opportunities, state Industries and Commerce Minister Chandra Mohan Patowary said. “Plastic has become omnipresent in our daily life. In this regard Assam has immense potential for plastic industry a…
Funds crunch crippling marketing avenues for MSMEs
The most common issues faced by Micro, Small and Medium Enterprises (MSMEs) are an acute dearth of easy finances and information on emerging markets. They are often unable to tap the markets because of lack of resources and a sound marketing techniques and infrastructure. They are also financiall…
MSMEs need special banks for the sector, says GCCI
With the Centre formulating a new policy for Micro, Small and Medium Enterprises (MSMEs), the Gujarat Chamber of Commerce and Industry (GCCI) has sent a memorandum to the relevant government appointed committee highlighting requirements of the sector. A principal suggestion is to create special b…
MSMEs can gain from ploughing back profits
Micro, Small, and Medium Enterprises (MSMEs) which plough back profits into the business tend to grow faster, compared with peers that don’t. CRISIL’s analysis of 3,000 rated MSMEs registered as proprietorships and partnership firms shows that 41 per cent had retained profits in 2014-…
Govt to develop salt clusters in coastal Ganjam district of Odisha
Bhubaneswar: The state government is planning to develop a salt cluster in Ganjam district of coastal Odisha. State additional secretary of Micro, Small and Medium Enterprises (MSME) Department, BB Behera, said the government will first diagnose problems of salt industries before taking any final…