Page 14 - Msme

AP Chambers seeks govt intervention as MSMEs face shortage of manpower

Facing acute shortage of manpower in the micro small and medium enterprises (MSME) segment, the Andhra Pradesh Chambers of Commerce & Industry Federation (AP Chambers) on Friday requested the State government to usher in some fundamental changes so that polytechnic students do not get wooed away by the software industry from core engineering streams. Potluri Bhaskar Rao, president, AP Chambers wrote to C Nagarani, director of Technical Education, that the situation is not conducive for industry in the southern state as students are being "brainwashed" not to pursue careers in mechanical, electrical, civil and metallurgy engineering streams but to go after only white collar software jobs. "From the recent interactions by the industries with the parents and students from different colleges, we understood that parents are forcing children to pursue careers only in information technology as software industry is more remunerative," said Rao in a press note shared by AP Chambers. Rao ..

Vivad Se Vishwas scheme aimed to provide relief to MSMEs comes into force

Also, relief will be provided in all contracts for procurement of goods and services, entered into by any ministry or department attached with MSMEs

Godrej Capital launches digital platform to help MSMEs grow businesses

Godrej Capital, the financial services arm of the Godrej Group, on Monday said it has launched a new digital platform Nirmaan to provide support to MSMEs to grow their businesses. Carefully curated, Godrej Capital Nirmaan packs a range of partners that provide services critical to the growth of MSMEs, the company said in a statement. The MSMEs in the country today face challenges like limited access to the market and ability to expand beyond their regional reach; lack of know-how about legal and regulatory compliance requirements; limited access to technology, hiring and retaining a skilled workforce; and limitation of access to credit, it said. The platform aims to solve these challenges and provide services under the categories of Grow the Business, Ease Business Operations and Transformation through upskilling. The company has initially partnered with Amazon Global Selling, Onsurity, Zolvit, and MSMEx to help increase the potential market reach, simplify legal and compliance, ..

MSME lending will be our focus this year: Godrej Capital CEO Manish Shah

So most of our focus is where the homebuyers are. So, we work with about 200 projects in the country across all of the reputed developers, says Manish Shah, MD and CEO of Godrej capital

Small businesses file applications worth over Rs 35,000 cr in payables

Over 137,000 complaints made, govt portal shows state govt dues are among the highest

New foreign trade policy may not bank on incentives to boost exports

Set to be unveiled on Friday, it is likely to focus on export hubs, e-com

The agenda: G20 meet to focus on fair, transparent, and inclusive trade

The meeting will focus on all the areas barring WTO-related matters that will be taken up at a later stage

Rajasthan at number two in terms of economic development: CM Ashok Gehlot

Highlighting the Micro, Small and Medium Enterprises (MSMEs) policy, CM Gehlot said," Because of the MSME policy more than 16,000 industrial units have been set up so far"

MSME competitive scheme part of efforts to strengthen sector: PM Modi

Prime Minister Narendra Modi on Monday said the government's MSME Competitive (LEAN) scheme is a part of its efforts to strengthen the MSME sector, which is a key pillar of India's economic growth. The government on Friday launched the revamped MSME Competitive (LEAN) scheme to make it more beneficial for enterprises and stakeholders. Under the revamped scheme, the Centre's contribution will be 90 per cent of the implementation cost for hand holding and consultancy fees as against 80 per cent previously. In response to a tweet by MSME Minister Narayan Rane, the prime minister tweeted, "A part of our efforts to strengthen the MSME sector, which is a key pillar of India's economic growth.

BoB cuts interest rates on home and MSME loans taken till month end

Reduces home loan rates by 40 bps, available to those with credit score of 751 and above

Govt offers 5G test bed for free to recognised startups, MSMEs till Jan'24

Department of Telecom (DoT) has offered the usage of 5G test bed free of cost to start-ups and MSMEs recognised by the government, up to January 2024, an official release said on Monday. The release further said that all 5G stakeholders including industry, academia, service providers, research and development institutions, government bodies and equipment manufacturers can utilise this facility at a very nominal rate. The move will encourage the usage of the test bed and give a fillip to the development of indigenous technologies/ products in line with the Aatmanirbhar Bharat' vision. Several start-ups and companies are already using the test bed for testing their products and services, the release added. In March 2018, in view of India's specific requirements and to take lead in 5G deployment, the Department of Telecommunications approved a financial grant for the multi-institute collaborative project to set up Indigenous 5G Test Bed' in India with a total cost of Rs 224 crore. Th

FinMin to meet heads of banks on Feb 22; to review progress ECLGS for MSMEs

Extension of ECLGS and LGSCAS beyond March 31 as well as challenges related to these would be deliberated

Karnataka startups, MSMEs make mark in Aero India with futuristic products

Some of them like NopoNano Technologies, are into producing single-walled carbon nanotubes with wide-ranging applications in aerospace are being manufactured in Bengaluru

udaanCapital disburses Rs 4000 cr in supply-chain financing to MSMEs

The fintech says it is uniquely positioned to tap the $380 billion working capital opportunity in this space

Case for having insurers cater to niche sectors: Irdai's Rakesh Joshi

In order to enhance the insurance force, the regulator is contemplating the concept of Bima Vahak

Over 10,000 MSMEs shut down in 2022-23, highest in past four years

FM Sitharaman revamped the credit guarantee scheme for MSMEs to enable an additional collateral-free guaranteed credit of Rs 2 trillion

Budget cues: Higher public capex, more PLIs and relief for MSMEs

The Survey stresses on the formula which has kept India's economic growth ahead of its peers, and the Budget may just follow suit

ECLGS scheme stopped Rs 2 trn MSME loans from turning bad: SBI report

Launched by govt during pandemic, it also helped save 16.5 million jobs

96% MSMEs in India optimistic about 2023, expect profits to rise: Report

Two in every three MSMEs expect the profit to jump by over 30 per cent: MSME Business Confidence Study

Railways aims to boost MSME markets through DFC infrastructure project

Indian Railways has undertaken a mega-infrastructure project namely the Dedicated Freight Corridor (DFC), comprising Western Dedicated Freight Corridor (WDFC- from Dadri to Jawaharlal Nehru Port Trust 1506 Km) and Eastern Dedicated Freight Corridor(EDFC- from Ludhiana to Sonnagar-1337 Km) covering 2843 route Km in totality.This information was given by the Minister of Railways, Communications and Electronic & Information Technology, Shri Ashwini Vaishnaw in a written reply to a question in Lok Sabha.A total route length of 1610 Km (799 Km of EDFC and 811 Km of WDFC) has been completed out of total 2843 Km till October, 2022.In this regard, a pilot project for 'JPP' has been launched on 31.03.2022, by attaching a Parcel Van in Tapti Ganga Express (19045/46) between Surat and Varanasi.Joint Parcel Product (JPP) has been launched by Indian Railways in collaboration with India Post which aims to target business-to-customer (B2C) and business-to-business (B2B) markets focusing on ...