The Trade Receivables Discounting System (TReDS) proposed by the RBI is expected to provide much-needed liquidity to Micro, Small and Medium Enterprises (MSMEs). Lack of adequate working capital has been a major issue for MSMEs. Institutional lenders are typically obsessed with immovable collater…
Tag: Small and Medium Enterprises (MSMEs)
Textile firms appreciate tax cut for MSMEs in Budget
Textile companies believe that tax reduction for micro, small and medium enterprises (MSMEs), that generate the maximum employment in the country, will help smaller retail entities and drive the growth engine. The abolition of FIPB (Foreign Investment Promotion Board) to ease the flow of FDI is a…
For MSMEs, legal constitution can lead to customer stability, faster growth
Micro, Small and Medium Enterprises (MSMEs) registered as companies (private limited and public limited) tend to perform better than those operating as firms (proprietorship and partnership). CRISIL analysed about 4,500 MSMEs, comprising companies and firms in equal measure, over fiscal 2013-15. …
Competition among banks will cut SME borrowing cost: IMC President
The cost of funding for Micro, Small and Medium Enterprises (MSMEs) can be bought down substantially by unleashing competition among banks. Removing restrictions on foreign banks opening more branches will do the trick, said Deepak Premnarayen, President-elect, Indian Merchant Chamber, said . Dis…
4,100 MSMEs registered online in Nashik
Around 4,100 Micro, Small and Medium Enterprises (MSMEs) in Nashik district have been registered online for Udyog Adhaar during past seven months. After the central government’s decision, the state has made online registrations mandatory to new MSMEs since October 6, 2015. Accordingly, an e…