Page 18 - Msme Sector

Year in Review: MSME sector poised for mega transformation in 2020

The Centre envisions a contribution of Rs 2 lakh crore from micro, small and medium enterprises (MSMEs) as India eyes becoming a USD 5 trillion economy by 2024

Govt may approve setting up Rs 5,000-crore stressed asset fund for MSMEs

With no promise of additional requisite funding, MSME ministry plans to cut existing schemes

Centre aims to extract $2 trn contribution from MSMEs in $5 trn economy

Under the Prime Minister's Employment Generation Programme (PMEGP), 65,312 new micro-enterprises have been set up, the MSME Ministry said in its year-end review for 2019

Slowdown in SME sector can hurt mid-sized private banks, be selective

RBL, Federal and City Union appear better-placed to handle the potential SME loans-related woes; investors should be cautious on DCB and Karur Vysya

Why neglect exports?

India's exports are held back more by our inadequate policies than by any stagnation in world trade

PhonePe crosses 5 billion transactions, grows five times in one year

The digital payments platform has over 175 million registered users in the country

State-owned banks to help small businesses with loans in month-long drive

Banks will also consider requests from MSMEs for restructuring their stressed standard assets

Miles to go as financial inclusion has only scratched surface: TRIBE CEO

Tech is helping extend credit to the MSME sector

$5 trillion economy: MSME sector has crucial role to play, says Assam CM

Sonowal also appealed to the entrepreneurs to take benefits of the National SC/ST hub to add capacity building.

UP posts 100% growth in MSME sector; project count hits 14 mn: Export panel

At present, the MSME sector contributes 65 per cent of the state's annual industrial output and is the second biggest employer after agriculture

MSME ministry likely to streamline existing schemes for better results

Central schemes may be significantly modified to maximise returns on fund allocation and speed up industrial output

Govt working on policies to push MSME exports, local production: Gadkari

He further said that secondly, the government is working on policy to increase indigenous production of products that are being imported

UP govt seeks Niti Aayog's help for release of Rs 46,000 cr central funds

49 state depts were to get Rs 69,459 cr in all during 2019-20, of which Rs 22,588 cr or less than a third of the total was released in first six months of the current fiscal

IAF fleet to rise to 2,000; opportunities in repair to grow: Official

There will be a huge requirement of aircraft in the next 10 to 20 years in military aviation of the country, said Air Marshall R K S Shera, Air Officer Maintenance of the IAF

MSME plays key role in becoming $5 trillion economy, says Union minister

He said earlier Indian companies used to export material and import finished goods due to lack of technology availability

Develop clusters in backward, tribal areas: Gadkari to leather industry

On the capital issue, he said cost of capital is high in the country and it is difficult to get finance from the banking system

Credit growth picked up rapid pace from September 2019: SBI report

As per the report, in September, the jump in retail credit at Rs 51,900 crore was nearly double that of August, of which housing loans jumped by 2.6 times.

MoS Finance asks banks to ensure credit flow to MSMEs amid fund crunch

Speaking on the occasion, Union Bank managing director Rajkiran Rai G said, through the hundred years journey, the bank has been serving national priorities.

A slew of measures to ease the pain of payment delays faced by MSMEs

In 2015-16, India had 63.4 million MSMEs employing 111 million persons, according to National Sample Survey data cited in the MSME Annual Report 2018-19

Tamil Nadu govt attracted Rs 5,541-crore investments from MSME sector

Chairman of CII Tamil Nadu council S Chandramohan said the trade body has been taking initiatives to support MSMEs' growth