Page 48 - Msmes

SME lenders laud govt's move

NBFCs have been brought under the enhanced credit guarantee scheme for SMEs

For MSMEs, legal constitution can lead to customer stability, faster growth

Micro, small and medium enterprises (MSMEs) registered as companies (private limited and public limited) tend to perform better than those operating as firms (proprietorship and partnership).CRISIL analysed about 4,500 MSMEs, comprising companies and firms in equal measure, over fiscal 2013-15. The analysis revealed that the companies saw a compound annual growth rate (CAGR) of 16 per cent, while the firms grew at 10 per cent. Furthermore, about 67 per cent of the companies had a stable customer base, with a vintage of more than five years, as against 50 per cent for firms. Notably, about 85 per cent of CRISIL's top-rated MSMEs have shown stability in their customer base with a vintage of more than five years, as it is one of the rating yardsticks for evaluating the performance of an entity.CRISIL believes this could be a plausible reason large why corporates prefer to deal with companies - they are perceived to be more transparent in their transactions. A legal constitution will usher

MSMEs in Odisha require 0.1 million tonne coal in FY17

Coal requirement of a small and medium units is calculated by a joint capacity assessment made by concerned District Industries Centre

Chhattisgarh relaxes labour laws, will benefit MSMEs

Under the new norms, routine inspection in the facility will not be conducted by the labour department inspector

UP funneled Rs 13,000 cr to MSMEs during 11th Plan

Sector that contributes 60% to state's annual industrial output employs 9.2 mn people and generates economic activity worth Rs 1,20,000 cr annually