प्रधानमंत्री नरेंद्र मोदी ने नव वर्ष 2017 की पूर्व संध्या पर देश के नाम दिये अपने संबोधन में लघु और मझौले उद्योगों (SMEs), किसानों, बुज़ुर्गों, गर्भवती महिलाओं और ग़रीबों के लिए विशेष छूट का ऐलान किया। SMEs को तोहफा मोदी ने छोटे कारोबारियों के लिए क्रेडिट गारंटी एक करोड़ से बढ़ाकर दो करोड़ रुपये …
Tag: MSMEs
MSMEs to sign 16k MoUs at Vibrant Gujarat Global Summit 2017
Gandhinagar: Notwithstanding the adverse impact of demonetisation on their businesses, Micro, Small and Medium Enterprises (MSMEs) have come up with highest number of investment proposals to be signed at the Vibrant Gujarat Global Summit-2017, next week. According to sources, MSMEs have lined up …
At crossroads: MSMEs feel the demonetisation squeeze
While much attention has been focused on the manner in which demonetisation has inconvenienced the general public, the sudden invalidation of 86% of Indian cash may create a short-to-medium-term impact that is brutal for small businesses. The importance of Micro, Small, and Medium Enterprises (MS…
25k plus MSMEs register under Vibrant Gujarat Global Summit
With the countdown to Gujarat’s biennial mega global business summit begun, the state government on January 1st claimed that all of its over 1,500 stalls have been booked. Minister for revenue and education, Bhupendra Chudasama, claimed that the Vibrant Gujarat Global Summit (VGGS) will be …
PM Modi’s New Year’s Eve address: Multiple sops announced for SMEs
Prime Minister Narendra Modi in his New Year’s eve address on December 31 announced sops for the SME and MSME sector. “To increase the employment that SMEs and MSMEs can provide, we are increasing the credit guarantee to Rs 2 crore from 1 crore,” PM Modi said. “Through a trust, the government wil…
Telangana to set up industrial health clinics to revive MSMEs
HYDERABAD: The Telangana government would soon set up an ‘Industrial Health Clinic’ to revive sick units in the MSME sector with a corpus of Rs 100 crore, State Industries Minister K T Rama Rao said in the Legislative Assembly on December 30, 2016. Noting that 70-75 per cent jobs are …
Consolidated SME, corporate data with banks to improve lending: CII
Demonetisation has created an enormous opportunity to channelise public savings into productive assets, and consolidating data of SMEs and corporates can provide banks with the necessary information to assess the credit-worthiness of borrowers, Confederation of Indian Industry (CII) said on Decem…
Cabinet approves creation of Indian Enterprise Development Service (IEDS)
The Union Cabinet chaired by the Prime Minister Narendra Modi has given its approval to the Cadre review and formation of a new service in the name of Índian Enterprise Development Service (IEDS)’ in the Office of Development Commissioner (MSME), Ministry of Micro, Small and Medium Enterprises (M…
Lendingkart expects to disburse Rs 1,600 cr loan for SMEs
Fintech startup Lendingkart Group expects an exponential rise in working capital loan demand from small businesses and estimates to disburse Rs 1,600 crore by 2017-end through its NBFC arm Lendingkart Finance, a company official said. The company, which caters to small businesses generating reven…
Nalco to provide hand-holding support to MSME vendors
Navratna PSU Nalco is ready to provide hand-holding support to its regular MSME vendors who ensure quality and timely delivery of products, the aluminium major’s CMD T K Chand said. As a responsible large-scale industry, Nalco shall make efforts to publicise select MSME brands, along with i…