Jun 24, 2021 02:55 PM IST
The Micro, Small and Medium Enterprises sector in India is said to be the second-largest employment creator after agriculture, providing employment to an estimated 11 crore people.
- Jun 23, 2021 05:46 PM IST
As a result of the consecutive lockdowns in 2020 and 2021, the MSME sector has been facing a massive liquidity and supply crunch, shortage of labour and non-payment of dues.
- Jun 23, 2021 05:23 PM IST
The growth engines will be powered by HDFC Bank’s technology and digital platforms, Jagdishan said in the bank’s integrated annual report for FY21.
- Jun 23, 2021 05:20 PM IST
Most small enterprises do not register and declare their existence because they find it more suitable to stay away from the compliance structure. Add to it the hazards of facing income tax scrutiny
- Jun 17, 2021 08:26 PM IST
The extension of the validity deadline would facilitate MSMEs registered under to avail benefits of the provisions under various existing schemes and incentives including Priority Sector Lending benefits of MSME
- Jun 17, 2021 03:16 PM IST
Purchases from small businesses owned by women and SC/ST entrepreneurs fall short of targets
- Jun 16, 2021 09:22 AM IST
Announcing the measure, MSME minister Nitin Gadkari said that after getting registered, the MSME unit will be getting priority and finance.
- Jun 07, 2021 03:47 PM IST
Collection from SME accounts dropped to 80 percent in May, but most of those borrowers catered to essential needs and should be back on their feet soon, Chakravarti said.
- Jun 06, 2021 02:14 PM IST
In a letter to the prime minister, Ludhiana Hand Tools Association President S C Ralhan said that many of the competing countries, particularly China, provide support to manufacturing units by providing steel and other inputs at much reasonable prices to boost competitiveness of their engineering sector in the global markets.
- Jun 04, 2021 04:41 PM IST
Since 2019, e- commerce giants Flipkart and Amazon have been focussing on handicrafts and artisanal products to help local artisans and small businesses to come into the e commerce fold by launching Flipkart Samarth and Amazon Karigar.
- Jun 03, 2021 01:53 PM IST
The data for April shows that banks’ outstanding loans to medium enterprises jumped 44 percent between April 2020 and April 2021, while in the micro and small segment it rose nearly four percent
- May 27, 2021 07:06 PM IST
The government is considering steps to revive the worst-hit sectors of the economy with direct, immediate measures, unlike last year’s strategy that had many long-term policy announcements and reforms, sources say.
- May 24, 2021 05:48 PM IST
Revenue-based financing is becoming popular as it does not require promoters to dilute stake or provide collateral. In the current calendar year alone, new-age companies like GetVantage, Velocity Capital, Klub and N+1 Capital have lent money to at least 300 start-ups through this model.
- May 20, 2021 08:55 PM IST
The new partnership will provide Indian SMEs with access to Dun & Bradstreet's suite of data and analytics solutions through BSE SME and start-up platform.
- May 20, 2021 08:29 PM IST
The Loan Processing System (LPS) for MSME and agri products seamlessly integrates with data fintechs, bureau validations, document storage, account management and customer notifications among others, IDBI Bank said in a statement.
- May 16, 2021 06:04 PM IST
The CBIC also asked taxmen to ensure that communication with taxpayers is done through the GST portal, or if need be, through email using the official email ID of the officer.
- May 06, 2021 08:41 PM IST
Crisil said it rates 6,800 mid-sized entities and more than half of them are small and medium enterprises (SMEs) having a bank loan exposure of up to Rs 25 crore.
- May 06, 2021 04:18 PM IST
The RBI on May 5, announced a slew of measures to mitigate impact of the pandemic on the businesses and individuals, including restructuring window for small businesses.
- Apr 30, 2021 05:54 PM IST
The schemes are devised under the guidance from Government of India which facilitates funding for production and services related to supply of oxygen cylinders, oxygen concentrators, oximeters and essential drugs, it said.
- Apr 29, 2021 04:35 PM IST
This is a special feature as part of India on the Move Series (Season 4), an initiative by Standard Chartered Bank and CNBC-TV18
- Apr 29, 2021 02:43 PM IST
The woes of the MSME sector, facing a liquidity and supply crunch, shortage of labour and non-payment of dues forced by the pandemic-induced lockdown in 2020, continues
- Apr 24, 2021 05:37 PM IST
Rudra said under the pre-packaged insolvency resolution system, the government has given an opportunity for MSMEs to resolve their stress at an early stage while holding control over their business.
- Apr 18, 2021 04:23 PM IST
The industry body also urged the RBI to allow restructuring of certain MSMEs loans that already have got the similar relief under the same scheme during the first wave of COVID-19, but are now facing challenges.
- Apr 15, 2021 03:42 PM IST
According to the MSME Ministry’s FY21 annual report there are about 47.78 lakh MSMEs in Maharashtra as per the National Sample Survey 73rd Round (2015-2016) of which 47.60 micro and 17,000 medium enterprises respectively.
- Apr 13, 2021 10:04 PM IST
MSMEs which self certify their existence by registering on the government portal are eligible for a wide variety of benefits ranging from interest rate subsidy on bank loans, to exemption under direct tax laws, concession in electricity bills among others.