Companies plan to list on BSE's SME platform, are raising funds for expansion and working capital requirements
Remission of duty allowed when goods are claimed by manufacturer as unfit for consumption or for marketing
Union Budget 2016-17 has hiked support to credit rating scheme by 600% to Rs 200 cr compared with merely Rs 28 cr during 2015-16
However, within the segment, players with a longer track record have a greater chance of securing such funding
Service tax is payable by service provider if service is in relation to immovable property located in taxable territory
This is almost twice the turnover of Rs 875 cr achieved in the last fiscal
Banks disbursed Rs 17,007 crore loans to the SME segment in last financial year, which is 161% higher, compared to just Rs 6,507 crore lent in the previous year
The minister said she has already taken up the matter with the Finance Ministry and written to the Central Bank on the issue
According to experts, the change in dilution norms will help encourage more companies to come on board the SME platform
Likely to go live by the end of this calendar year
Women-promoted MSMEs have also proven to be better loan customers, as they exhibit good repayment habits
Organisation says 10-fold hike in lease rent and maintenance of state-owned industrial premises is a key grouse