The economic slowdown over the last few years cast a shadow over the Micro, Small and Medium Enterprises (MSMEs) in Uttar Pradesh during 2015. In terms of sick units, Uttar Pradesh brought the curtain down on year just ended with 84,063 such units as per RBI data cited in Parliament by Minister o…
Tag: MSME
MSMEs in J&K playing vital role in employment generation | RBI
The 32nd Empowered Committee (EC) meeting on Micro Small and Medium Enterprises (MSMEs) in Jammu & Kashmir was held here on Thursday. The meeting was chaired by D Sethy, Regional Director, Reserve Bank of India, Jammu and Kashmir. In his address, he stated that the main purpose of holding th…
MSME rural credit pegged at 21.67K crore in UP
National Bank for Agriculture and Rural Development (NABARD) has estimated the rural credit potential of almost Rs 1,78,000 crore in Uttar Pradesh during 2016-17. The projected outlay of Potential Rural Credit Plan is almost 25 percent higher than the corresponding figure of a little over Rs 1,43…
Scheme to boost ‘Make in India’ in textile sector
Government approves ‘Amended Technology Upgradation Fund Scheme’ for Textiles industry. It will generate one lakh crore rupees investment & create over 30 lakh jobs Government has approved a scheme to boost Make in India in textiles that would help in generating Rs one lakh crore investment…
Guarantees & counter guarantees for loans to be provided to MSMEs
The government must do away with the interest subvention scheme and p lough back the subsidy into a universal crop insurance scheme for small and marginal farmers, according to a recommendation from a panel constituted by the Reserve Bank of India (RBI). The move can transform the agriculture sec…
SMEs need professional advice | RBI
To provide a leg-up to Micro, Small and Medium Enterprises (MSMEs), a Reserve Bank of India panel has made a series of recommendations, including establishing a system of professional credit intermediaries/ advisers, to help both the sector and banks in credit assessment and encouraging multiple …
Exclusive | A Didar Singh, FICCI Secretary-General | Direct Selling driving SME Growth!
Direct selling, one of the oldest and traditional forms of selling, is today a successful industry operating in over 100 countries, with a market size of $180 billion. I call it old because the best example of direct selling is the ancient cycle Peddler. According to a recent FICCI-KPMG Report &#…
Flood hit SMEs in Tamil Nadu need Rs 2 lakh/unit for revival
Over 20,000 micro, small and medium enterprises in Tamil Nadu hit by floods in the month of December 2015 will need government financial assistance to get back on their feet. According to the Industrial Estate Manufacturers Association, Guindy, the sector needs financial assistance of at least Rs…
Chennai floods wash out Rs 1,700 crore MSME business | SMERA Report
Of the estimated Rs 15,000 crore losses due to the recent devastating floods in Chennai, coastal Tamil Nadu and the neighboring Puducherry, MSMEs bore the maximum brunt of about Rs 1,700 crore, says a report. On a most conservative side, MSME sector has lost nearly Rs 1,700 crore to the calamity …
Flipkart to showcase Khadi items
Indian E-tailing giant Flipkart will now showcase a range of khadi clothes, including thirty articles from the famous Swaraj Ashram in Kanpur, a premier Khadi Bhandar. The items showcased, khadi denim jeans, Modi kurtas, ladies wear and shawls among others, can now be viewed on the website/app an…