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 16, 2021 09:16 PM IST
The company has earmarked 300 products, which are to be picked up from the small and medium enterprises, its executive director Anil Joshi said while speaking at a webinar on reigniting growth for the MSMEs.
- Apr 16, 2021 09:00 PM IST
Singh, the Union Minister for Development of North Eastern Region (DoNER), said that in times like this, joint initiatives and joint ventures will be imperative to put back on track all that had tended to get off the track due to COVID-19 related turbulence.
- Apr 15, 2021 10:38 PM IST
Singh underlined his government's commitment to reduce time, risk, and cost associated with compliance significantly, freeing up entrepreneurs to focus on growth.
- 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 14, 2021 08:40 AM IST
Research also shows that companies will have negative impact when consumers find that their social cause support is purely from a short-term business interest.
- 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 10:36 PM IST
S&P said the balance sheet weakness in smaller businesses is likely to contribute to incremental non-performing loans (NPLs) for Indian banks.
- Apr 12, 2021 10:21 PM IST
In March, the overall exports grew by 73.98 percent to Rs 24,729.57 crore, compared to Rs 14,214.24 crore in March 2020.
- 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 09, 2021 09:03 PM IST
The exports had stood at around Rs 9,600 crore in 2019-20, the official of the Ministry of Commerce and Industry said.
- 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 06:23 PM IST
While many marketers want to use social media to help capture voice of consumer, most SMEs not doing this well today.
- 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 04, 2021 09:11 PM IST
Under the scheme, bank loans between Rs 10 lakh and Rs 1 crore are provided to at least one Scheduled Caste/ Scheduled Tribe borrower and at least one woman borrower per bank branch of Scheduled Commercial Banks.
- Apr 04, 2021 06:03 PM IST
The company currently has assets under management (AUM) of Rs 650 crore and expecting a growth of 30 percent.
- Apr 02, 2021 12:17 PM IST
The number of delayed-payment applications rejected by the Micro and Small Enterprise Facilitation Councils jumped 102 percent during the same time period
- 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 31, 2021 06:16 PM IST
The decision has been taken after considering the economic interests of the common people and small and medium enterprises, Pakistan's finance minister.
- Mar 31, 2021 03:16 PM IST
Despite bettering the objective, the annual acquisition from SC/ST and women entrepreneurs, earmarked at 4 percent and 3 percent respectively, has continued to miss the target for the third consecutive financial year
- Mar 31, 2021 01:51 PM IST
What experts say is that the ROI from social media has to be rated at 5 as the networking is virtually free of cost. What they do not understand is that there is a cost on time invested and people deployed.
- 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 26, 2021 10:02 PM IST
About 45 projects have been approved under different components of the Pradhan Mantri Kisan Sampada Yojana (PMKSY).