Page 11 - Msmes

Centre decimated MSMEs across country, Aligarh is no exception, says Cong

Attacking Prime Minister Narendra Modi, the Congress on Monday alleged that the government has "decimated" MSMEs across the country and asked why is Aligarh's 100-yr old lock industry struggling under his dispensation. Congress general secretary Jairam Ramesh had posed questions to the prime minister ahead of his rally in Aligarh, and asked why has the BJP failed to deliver justice to the Hathras rape victim. Elaborating on what he said were "jumla details", Ramesh alleged that the decades-old lock industry in Aligarh has suffered under the Modi government. "This government has decimated MSMEs across the country, and Aligarh is no exception. When he campaigned in Aligarh in 2014, PM Modi had made small businesses the focus of his speech. Yet, 10 years later, Aligarh still does not have a government depot where lock makers can purchase raw materials at reasonable rates," he said. "Expensive and unreliable electricity supply is also a major issue, causing frequent delays in ...

UCB advances to priority sector up over 27% in FY23, shows RBI data

A majority of the advances of UCBs was given to MSMEs, amounting to Rs 1.3 trillion in FY23

Small businesses in Uttar Pradesh happy with GST; timely payments a concern

Apart from payment delays, the rising cost of raw materials was a worry for a brass and iron manufacturer in the city

LeapFrog investments, Aavishkaar infuse $48 mn in Electronica Finance

The fund will pave the way for EFL's expansion, specifically in financing for MSMEs in India's high-growth manufacturing sector

45-day MSME payment rule: Impact and details of Section 43B(h) explained

Starting from April 1, companies are required to pay their suppliers registered as MSMEs within 15 days, or up to 45 days under an agreement

How to register MSME on Udyam portal? A step-by-step guide on procedure

Udyam registration is an electronic certification provided by the Indian government to MSMEs

Niti Aayog comes up with roadmap to boost exports from MSME sector

Niti Aayog has made a case for a single information portal for exporters to promote e-commerce exports and improve access to finance, especially for micro, small & medium enterprises (MSMEs). In a report titled 'Boosting Exports from MSMEs', the Aayog said India has several portals that help exporters access information, most of which offer incomplete or outdated information. "Therefore, creating a one-stop information data intelligence portal, using an Al-based interface will be essential to impart information to MSMEs," the report said, adding that this portal will answer all the queries of a potential exporter related to market tariffs, required paperwork, sources of finance, service providers, available incentives, and potential customers. The report also suggested introducing an annual financial reconciliation process for e-commerce exporters, exemption of import duties on rejects or returns, granting exemption on reconciliation requirements for shipments up to USD 1,000 and .

Pharma industry bodies welcome govt's technical upgradation scheme

Drug manufacturers with annual turnovers below Rs 500 crore will get the financial assistance in upgrading their facilities to meet global standards

L&T Finance Holdings inks pact with JICA for $125 million funding

The project is strategically aligned with the goals of the Ministry of Rural Development as it focuses on lending in rural and peri-urban areas of lagging Indian states

Walmart, IIT Madras partners to launch center for tech excellence for MSMEs

The center will focus on developing solutions to help MSMEs adopt Artificial Intelligence (AI) and digitization to enhance operational efficiency and profitability

Work on quality, live up to global standards: PM Modi tells MSMEs

Noting that the country viewed the future of Micro, Small and Medium Enterprises (MSMEs) as the future of the nation, Prime Minister Narendra Modi on Tuesday urged the sector to work on quality and durability and live up to global standards. For its part, the Centre was striving on multiple fronts to improve their resources from money to talent and initiatives like the PM Mudra Yojana and PM Vishwakarma Yojana were playing a huge role in this direction, he said. Further, the government has given an impetus to infrastructure development in India through the PM Gatishakti National Master Plan for providing multimodal connectivity infrastructure. "Today, the MSMEs have a huge opportunity to be part of the global supply chain. However, for this, our MSMEs have to work on its quality and durability. We need to work to live up to the global standards," the Prime Minister said at the launch of CII-TVS Mobility Centre of Excellence on Employment and Livelihood, held here. The "Creating the

Navigating the export maze for MSMEs

Digitisation holds immense potential to revolutionise MSME exports. Digital technologies can streamline exports, reduce costs, expand reach, and enhance operational efficiency

Rajasthan's trade bodies flag increasing production cost concerns

Industries, including firms in the micro, small and medium enterprise (MSME) sector, are finding it difficult to survive the competition due to higher costs compared to neighbouring states

InsuranceDekho records 9-fold rise in policies, targets Rs 200 cr premium

InsuranceDekho wants to be part of the growth wave with the rise of SMEs and MSMEs in the manufacturing sector

Pinaka launchers to missiles, Pune adds to defence industry lineup

Nibe has grown quickly and is seeking a leadership role in organising micro, small and medium enterprises (MSMEs) in the industrial zones around Pune

A promising Budget on India growth story

The continued focus on increased capital investments will result in generation of employment opportunities and thereby growth of the economy

Nabard's Rs 34,490 cr scheme to boost agri, other key sectors: Himachal CM

A credit potential scheme of Rs 34,490 crore has been prepared by Nabard for agriculture, MSMEs and other priority sectors in 2024-25, Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu said on Wednesday. The scheme's allocation is 8 per cent higher than the current fiscal, he added. Inaugurating the State Credit Seminar for the financial year 2024-25 organised by Nabard, he said the National Bank for Agriculture and Rural Development has a major role in making Himachal Pradesh self-reliant. "I urge banks to extend their active support in providing loans for proper implementation of schemes so that farmers, horticulturists and youth can avail maximum benefits of these schemes. "As per a Reserve Bank of India (RBI) report, none of the districts of the state falls in the category of 'credit deficient' districts. Although the credit flow in these districts is normal, the loan-to-deposit ratio of the state is 36.39 per cent," the chief minister said in a statement issued here. He

MSME hospitals in the pink of health; revenue, margins to remain healthy

Revenue and margins to remain healthy next financial year, too

Uttar Pradesh's priority sector lending likely to jump 52% in FY25

Against the aggregate credit flow of Rs 3.75 trillion in FY24, the advances of Rs 5.73 trillion will reflect a year-on-year (Y-o-Y) growth of 52 per cent

Nine out of 10 MSMEs expect to make profits this year, says report

Many companies plan to increase hiring and most expect they will need loans