Page 48 - Msmes

Govt approves changes in Interest Subvention Scheme to boost MSME output

Union Minister Nitin Gadkari on Monday approved changes in the Interest Subvention Scheme guidelines for micro, small and medium enterprises, and said the modifications are expected to boost their productivity through access to credit at reduced cost. The Minister for Road Transport & Highways and MSME reviewed the functioning of the scheme. "It is expected that the modifications in the scheme guidelines will lead to fulfilment of objectives of the scheme, i.e. to increase productivity in MSMEs through access to credit at reduced cost," Gadkari said. The minister highlighted that the government is committed to enhancing credit to the MSME sector and the implementation of the scheme is being closely monitored to help micro, small and medium enterprises (MSMEs) get incremental credit of up to Rs 1 crore with an interest subvention of 2 per cent. The modifications to the scheme include settlement of claims based on internal or concurrent auditor certificate and submission of ...

Must revisit policies for credit access to MSMEs, says Rajiv Kumar

Services such as access to credit, technology, market and information are readily available to the formal sector but not to the informal sector said NITI Aayog's Rajiv Kumar

Part Panglossian, part floccinaucinihilipication: Governor Das marches on

Sachin Chaturvedi, a member of the Central Board of RBI, describes Das as a person who brings in pragmatism, commitment, transparency and sincerity to the table.

Amazon India bets on vernacular, voice & videos to help sellers boost sales

Amazon also announced its partnership with CII to conduct awareness workshops and training in pre-identified locations to enable small and medium businesses start their e-commerce journey.

Over Rs 10 trn worth of loans disbursed under Mudra Yojana till Nov 1: Govt

The PMMY is a scheme launched by the prime minister on April 8, 2015, for providing loans up to Rs 10 lakh to non-corporate, non-farm small/micro enterprises.

Top 10 business headlines: Airtel seeks FDI nod, Jio offers more free calls

From clinical trials for faster availability of new drugs to India's real GDP growth in FY20, here are the top business headlines of the day.

Slowdown effect? As capital goods orders dry up, Pune's MSMEs falter

The third part of the series looks at how MSMEs that cater to capital goods makers are reeling from stress

IFC to invest $200 mn in Mahindra Finance to fund MSMEs in poor states

At least $100 million will be earmarked for women-owned micro, small and medium enterprises

Govt aims to generate additional 50 mn job opportunities in MSMEs sector

The target is also increase the share of MSMEs in the country's export and growth to 50 per cent, Gadkari said

Day after GDP data, PM defends govt's record and hints at more measures

Finance Minister Nirmala Sitharaman also joined in and defended the Centre's economic record in the last six months

$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.

Defence Ministry allocates Rs 400 cr to set up testing facilities for MSME

75 per cent of equipment at each unit to be financed by govt, rest to come from private investors; 6-8 facilities planned in south and north defence corridors

Trillion-dollar economy target: UP govt framing new export policy

State partners with Federation of Indian Export Organisations for draft paper, may place it before cabinet for approval next month

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

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

Dedicated govt fund for MSMEs will spur sector's growth: PHDCCI chief

While a lot of announcements have been made by the government in the last few months, public sector undertakings continue to pay late, says PHDCCI chief D K Aggarwal

HDFC Bank's wholesale book has grown at 27% CAGR in three years

The bank has an optimistic outlook on the credit demand from the corporate and SME sector

Will ask firms to clear Rs 40,000-cr MSME dues fast: FM Nirmala Sitharaman

NBFCs with a minimum rating of 'AA' are allowed to participate in the scheme.

Rajnath invites pvt sector for 'active participation' in defence industry

Singh also said the Centre is committed in exploiting the entrepreneurship spirit of private defence sector and ready to interact and resolve their problems