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.
- Apr 12, 2021 05:22 PM IST
As per the Ordinance which has introduced Chapter III A calls for a prior registration under the Micro, Small and Medium Enterprises Development Act for a corporate debtor to be eligible for pre-packaged insolvency resolution process.
- Apr 09, 2021 11:04 PM IST
The regulations detail the forms that stakeholders are required to use, and the manner of carrying out various tasks by them as part of the pre-pack resolution process.
- Apr 08, 2021 02:51 PM IST
Last year, Amazon had announced an investment of USD 1 billion to digitally enable 10 million micro, small and medium enterprises (MSMEs), enable e-commerce exports worth USD 10 billion and create one million additional jobs in India by 2025.
- Apr 07, 2021 03:13 PM IST
The RBI has now kept the repo rate unchanged for the fifth consecutive meeting of its monetary policy committee. But exporters complain that they still cannot access loans at cheap rates. Moreover, industry insiders say the second wave of the Covid-19 pandemic has in effect dried up all chances of getting financial help from banks at a time when their working capital is dangerously low
- Apr 06, 2021 02:36 PM IST
The government had on April 4 amended the insolvency law by bringing in an ordinance that provides for a pre-packaged resolution process for micro, small and medium enterprises
- Apr 05, 2021 11:23 AM IST
Under the pre-packed framework, which will take effect through a government ordinance, MSME borrowers can retain control of the firm and negotiate a settlement with lenders without going through the entire IBC process. That saves time and money.
- Apr 05, 2021 09:10 AM IST
The ordinance aims to make insolvency resolution easier, faster and cost-effective for MSMEs using the ‘pre-pack’ process. It will act as an efficient alternative insolvency resolution process for MSMES under the IBC.
- Apr 01, 2021 03:45 PM IST
The ECLGS aims to provide 100 percent guaranteed coverage to the banks, NBFCs and other lenders in order to enable them to extend emergency credit to businesses hit by the Covid-19 pandemic and struggling to meet their working capital requirements.
- Mar 30, 2021 04:22 PM IST
Salunkhe clarified that the MSMEs which have not registered under Udyam will not lose the status of being an MSME if they fit under the new definition as given by the government, but will not be able to avail the benefits.
- Mar 24, 2021 06:31 PM IST
Moneycontrol’s reporters fanned out across three cities in different parts of the country to get a sense of the state of the economy. We looked at different layers of the economy, talking to wholesalers, retailers and MSMEs. And we found that things are far from hunky dory. While there are pockets of recovery, those in the business of business are still struggling
- Mar 22, 2021 07:01 PM IST
CGTMSE is a trust which provides collateral-free loans to MSMEs. It provides a guarantee to the lending institutions up to a certain limit for all lending done by them to the enterprises in the MSME sector.
- Mar 21, 2021 05:31 PM IST
In a major boost to entrepreneurship in life sciences, Vardhan, the Minister for Science and Technology and Earth Sciences, inaugurated IMTECH Bio-Innovation Centre which is an extension of the Atal Incubation Centre (AIC)-CCMB, Hyderabad.
- Mar 19, 2021 01:39 PM IST
In three years since its inception, the One District One Product, a flagship initiative of Yogi Adityanath-led Uttar Pradesh government, has enrolled 80,000 artisans from across the state with 11,000 products available on Amazon.
- Mar 18, 2021 08:35 PM IST
Gadkari also said the ministry has been running various schemes to provide credit facilities to the MSME sectors such as an interest subvention scheme for incremental credit which offers a 2 per cent interest subsidy, Credit Guarantee Scheme for micro and small enterprises (MSEs) for collateral-free / third-party guarantee-free loans.
- Mar 17, 2021 07:24 PM IST
In the banking sector, YES BANK has been meeting customer expectations by rolling out solutions that offer hassle-free and convenient banking.
- Mar 14, 2021 10:42 AM IST
The government in June 2017 removed retail and wholesale traders from the MSME category forcing the players either borrow at a higher rate or from informal financial sources, CAIT Secretary General Praveen Khandelwal told PTI.
- Mar 12, 2021 07:06 PM IST
The portal is in the testing phase and the final version will be ready for launch by May 15, 2021.
- Mar 09, 2021 02:58 PM IST
As on date, 394 clusters have been approved under SFURTI, out of which 93 are functional clusters, assisting 2.34 lakh beneficiaries.
- Mar 08, 2021 08:30 PM IST
The online portal, meant to ease registration of MSMEs, saw registration of 25,20,341 enterprises as of March 5.
- Mar 05, 2021 07:27 PM IST
So far this fiscal, CPSEs have purchased goods worth Rs 558.85 crore, benefitting 3596 MSEs.
- Mar 02, 2021 07:55 PM IST
After exploring the feasibility of a debt capital platform, both the institutions will plan the next steps ahead "based on the market feedback" , NSE MD and CEO Vikram Limaye said.
- Feb 27, 2021 06:49 PM IST
About 41.16 per cent of bank accounts have been covered under the Pradhan Mantri Suraksha Bima Yojana (PMSBY) against the total Jan Dhan accounts in UP.
- Feb 19, 2021 02:54 PM IST
This initiative is a part of the Banks scheme Ind Spring Board for financing Start-ups and will empower Start-ups and MSMEs to realise their research efforts powered by financial support from the Bank and backed by incubation facilities offered by SID, it said in a release.
- Feb 18, 2021 12:47 PM IST
The government's largest export incentive policy, the Merchandise Exports from India Scheme (MEIS), has been discontinued from January 1, 2021. Covering upto 75 per cent of India's total exports, it was a crucial support to exporters. Now, even as tax refunds under MEIS remain stuck with the government, exporters say that it's replacement, the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme, is unfinished and insufficient.