Micro

The government was forced to promulgate an ordinance in February to curb malpractices in the sector and regulate microfinance companies, G Parameshwara has said

Book Review: India’s mittelstand is robust and raring to go, notes 'Beyond Three Generations'

While family businesses constitute about 75% of the Indian economy a whopping 90% of them are MSMEs. The new book 'Beyond Three Generations: The Definitive Guide to Building Enduring Indian Family Businesses' profiles a dozen such enterprises, their business dimensions and what such firms should not do.

How to incentivise pharma research? A ready primer

The problem with offering research-linked incentives is that it is far more difficult to measure outcomes or benchmark them

Expanded scope of TReDS will improve flow of working capital credit to small businesses

The RBI has allowed insurance companies as the fourth participant on TReDS, in addition to MSMEs, buyers and financiers.

Not all are bullish on the revamped MSME credit guarantee scheme

Industry experts have given a mixed reaction to the extra Rs 9,000-crore capital allocation to the corpus to revamped credit guarantee scheme for MSMEs.

SRI Fund catalyses Rs 3k cr investments into 140 firms since Oct 21

The fund, which operates under the Mother Fund-Daughter Fund structure and is managed by SBICAP Ventures (SVL).

Large firms must take responsibility to handhold MSMEs, help them integrate into supply chain ecosystem: Goyal

Citing an example, Goyal said, as Apple's manufacturing plant comes up, thousands of MSME units flourish in the ecosystem as mini value chain suppliers to Apple.

Budget 2023 | Most MSMEs doing well but financing still an issue, says FISME secretary general

Reforms, instead of a fiscal push, will help keep financing costs low, helping micro, small and medium enterprises expand, says Anil Bhardwaj.

Tamil Nadu govt invites aircraft manufacturer to invest in state

Minister for Micro, Small and Medium Enterprises, T M Anbarasan during his visit to the MSV International Engineering Fair at Czech Republic was explained about the investment opportunities available in their country by the senior government officials.

Without ECLGS crutch, small borrowers cannot walk straight

A more stable environment for MSMEs depends on their large clients paying on time and demand conditions improving, meanwhile leaving them dependent on subsidised credit

MSME associations welcome move to study Covid impact, sick/closed units

The government has called for bids to study sick and closed small business units to get more data, which can be used to frame policies and schemes for the sector that was badly hit by the pandemic.

When it comes to SMEs, the smaller are the most vulnerable

Without formalisation, five out of every six MSMEs are losing out on benefiting from government schemes. A national drive in mission mode for Udyam registrations can fix this

Recapitalisation of all PSU banks was need of the hour: SBI

The cabinet has cleared a mega Rs 2.11 lakh crore bank recapitalisation plan, of this Rs 1.35 lakh crores will come via special bonds while the rest will come in via budgetary and market support. In an interview to CNBC-TV18, Rajnish Kumar, Chairman, State Bank of India shared his views and outlook on the same.

NABARD projects Rs 1.72 lakh crore credit potential for Rajasthan

This is 14 percent higher than the credit projection made for the year 2016-17 by the National Bank for Agriculture and Rural Development (NABARD).

MSMEs need equity, would love to lend more to them: SBI

While the banking sector is reeling from stress in the corporate loan book, the government and banks are pushing to fund the neglected MSME segment to boost growth through MUDRA loans.

Cash credit limit for MSMEs raised to 30%: Arjun Ram Meghwal

"They (banks and financial institutions) are calculating the CC limit on the basis of turnover. We have decided that if you do your (MSME) business digitally then you can get the cash credit limit up to 30 percent. It is a big move," he said at a function organised by Madras Management Association.

India to soon have a national MSME policy: Mishra

The country will soon have a comprehensive policy for micro, small and medium enterprises, Union Minister Kalraj Mishra said today.

MSME Ministry begins design workshop for manufacturing units

The Micro, Small and Medium Enterprises (MSME) Ministry today started a national workshop to impart design expertise to manufacturing units with an aim to enhance product competitiveness.

Indifi raises $10m from Omidyar, existing investors

Indifi Technologies, while maintaining its focus on MSME businesses, intends to direct the investments towards furthering its products and technology, it said in a statement today.

Jobs will be safe in MSME sector, govt assures workers

"There can be initial problems due to demonetisation, but after the currency flow regularises, it will help the sector," Union MSME Minister Kalraj Mishra told PTI in an interview.

'MSMEs to play crucial role in making India a startup hub'

At the inauguration ceremony of the MSME Expo at the India International Trade Fair here, Mishra said that quality manufacturing and inclusive growth of MSMEs plays a key role in the development of the country.

Modi govt instilled confidence among people in 2 years: Kalraj

"The biggest achievement of the Narendra Modi government is, it has been able to instill a sense of confidence among the people in its first two years of rule at the centre," Mishra said while addressing a 'Vikas Parv' function to celebrate the second anniversary of the government.

MSME sector poised for rapid growth, job creation: Mishra

Poised for rapid growth and integration with major global value chains, MSEs will make considerable impact in realising Make in India vision. The sector has the potential to market its 'Made in India' brand globally," MSME Minister Mishra said while inaugurating the Cluster Development Programme here.

Maha govt, SIDBI form Rs 200 cr VC to provide credit to MSMEs

While Maharashtra state has contributed Rs 75 crore for the VC, LIC and Sidbi has contributed Rs 20 crore each for the fund and the balance has been raised from the market.

Haryana to give financial assistance to MSMEs for patents

To promote patent registratoin among enterprises and protect their innovation, the state government has implemented the 'Patent Registration Scheme' for MSMEs, Industries Minister Capt Abhimanyu said.