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MSME

Nirmala Sitharaman likely to launch UPI-based lending facility for MSMEs on March 6

Nirmala Sitharaman likely to launch UPI-based lending facility fo...

Mon, Mar 03, 2025

As part of this facility, MSMEs will be able to borrow funds based on their digital transactions.

Union Budget 2025: PHDCCI reaction on the budget

Union Budget 2025: PHDCCI reaction on the budget

Sun, Feb 02, 2025

See here what D.P Goel, C0 chair MSME Committee, PHDCCI said on the budget.

Union Budget 2025: Credit Boost For MSMEs, higher investment and turnover limits unveiled

Union Budget 2025: Credit Boost For MSMEs, higher investment and...

Sat, Feb 01, 2025

Union Finance Minister Nirmala Sitharaman on February 1st came out with good news for the Micro, Small and Medium Enterprises (MSME's) in India. Sitharaman in her eighth budget speech stated that the credit guarantee cover limits and provisions for the sector are going to be enhanced.

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Decriminalisation of minor offences to improve ease of doing biz, say experts

Decriminalisation of minor offences to improve ease of doing biz,...

Thu, Jun 11, 2020

The decriminalisation measures need to be viewed from three different perspectives- ease of doing business; relief to beleaguered MSMEs and companies affected by lockdown and COVID-19; and easing the stress on the National Company Law Tribunal (NCLT), said Atul Pandey, Partner, Khaitan & Co.

After 14 years! New norms of classification of MSMEs for Aatmanirbhar Bharat - All you need to know

After 14 years! New norms of classification of MSMEs for Aatmanir...

Thu, Jun 04, 2020

Modi government-led Ministry of MSME is gearing up to implement the New Norms of classification of MSMEs.

Cabinet meeting decisions - MSME definition: Entities with up to Rs 250 cr turnover, excluding exports, to be medium enterprises

Cabinet meeting decisions - MSME definition: Entities with up to...

Mon, Jun 01, 2020

As per the new changes, businesses with investment of less than Rs 1 crore and turnover of Rs 5 crore would be classified as micro enterprises. Under the existing criteria, a company with investment of less than Rs 25 lakh in the manufacturing sector and less than Rs 10 lakh in the services sector were considered micro enterprises.

Legal opinion sought on whether NHAI can build smart cities along Delhi-Mumbai E'way: Nitin Gadkari

Legal opinion sought on whether NHAI can build smart cities along...

Tue, May 19, 2020

In case the opinion is in negative then "we will seek Cabinet nod on the proposal," he said and added that the move will not only result in development of the areas but would also generate huge employment opportunities.

FM Nirmala Sitharaman announces Rs 3 lakh cr collateral free loan for select MSMEs

FM Nirmala Sitharaman announces Rs 3 lakh cr collateral free loan...

Wed, May 13, 2020

A day after PM Narendra Modi laid out his vision to get the Indian economy back on track after Coronavirus enforced lockdown, Finance Minister Nirmala Sitharaman announced a number of measures for small and medium enterprises today evening, providing some relief during the ongoing crisis.

CHAMPIONS! Modi government launches this initiative to assist MSMEs march into big league

CHAMPIONS! Modi government launches this initiative to assist MSM...

Tue, May 12, 2020

The CHAMPIONS stands here for Creation and Harmonious Application of Modern Processes for Increasing the Output and National Strength. Accordingly, the name of the system is CHAMPIONS.

Nearly 80 pc MSEs hit as economic activities come standstill amid COVID-19: Survey

Nearly 80 pc MSEs hit as economic activities come standstill amid...

Wed, Apr 22, 2020

These respondents were from sectors such as manufacturing, banking, financial services and insurance (BFSI), IT/ IT-enabled services (ITES) / telecom, travel, transport, logistics, retail and outlets, education and related areas, and other professional services sectors.

Gadkari asks India Inc to clear outstanding payments to MSMEs

Gadkari asks India Inc to clear outstanding payments to MSMEs

Wed, Apr 15, 2020

Union Minister Nitin Gadkari on Tuesday asked India Inc to clear huge outstanding payments to micro, small and medium enterprises at the earliest in order to ease the distress in the sector and inject liquidity into market

DPIIT suggests Home Min to permit limited activity in select sectors with safeguards

DPIIT suggests Home Min to permit limited activity in select sect...

Mon, Apr 13, 2020

Department for Promotion of Industry and Internal Trade (DPIIT) has suggested the Home Ministry to allow limited activity in certain sectors such as heavy electricals and telecom equipment with reasonable safeguards

All pending MSME loans to be restructured by March 15: FM

All pending MSME loans to be restructured by March 15: FM

Thu, Feb 27, 2020

Total 5.53 lakh MSME accounts have been identified and out of which 5.28 lakh entities have been restructured and the process will be done by March 15, said Nirmala Sitharaman.

MSMEs bank loans: This is how you can make access to money easier

MSMEs bank loans: This is how you can make access to money easier

Wed, Feb 19, 2020

Modi government foresees the MSMEs sector contributing up to $2 trillion as India eyes becoming a $5 trillion economy by 2024.

MSMEs can complain if banks deny loan without reason: FM Sitharaman

MSMEs can complain if banks deny loan without reason: FM Sitharam...

Sat, Feb 08, 2020

Finance Minister Nirmala Sitharaman on Saturday told micro, small and medium enterprises (MSMEs) to make a complaint if banks deny loans without reason.

Budget 2020 Expectations: 'Gifts' SMEs, MSMEs want from FM Nirmala Sitharaman on February 1

Budget 2020 Expectations: 'Gifts' SMEs, MSMEs want from...

Wed, Jan 22, 2020

Budget 2020: SMEs, MSMEs have want FM Nirmala Sitharaman to take steps that would ensure higher consumption, better ease of doing business environment and a rise in credit flow.

Budget 2020 Expectations: Technology startups' wishlist from Nirmala Sitharaman

Budget 2020 Expectations: Technology startups' wishlist from...

Sat, Jan 18, 2020

Budget 2020 Expectations: Tech startups have demanded from Nirmala Sitharaman to bring in significant investments in the technology hubs.

Budget 2020-21: Major relief for MSME sector, govt may announce Rs 5,000 crore distressed asset fund in Budget

Budget 2020-21: Major relief for MSME sector, govt may announce R...

Wed, Jan 15, 2020

In a bid to give relief to the micro, small and medium enterprises or MSMEs facing liquidity crunch, the government is likely to announce a distressed asset fund of Rs 5,000 crore.

Big boost for small business! Drip Capital partners with BAA to bring alternative financing solutions for exporters

Big boost for small business! Drip Capital partners with BAA to b...

Thu, Dec 12, 2019

Drip Capital BAA partnership: Two organisations will partner to provide stakeholders from India’s export ecosystem with training in technology and invoice factoring.

Corporation Bank's credit levels will increase by 10% in FY20: PV Bharathi, MD & CEO

Corporation Bank's credit levels will increase by 10% in FY2...

Thu, Dec 05, 2019

Liquidity is available with us and the banks are ready to lend. We have got funds as far as our liquidity position is concerned, we are comfortable with it and are ready to lend. Demand for the loan has increased in small pools like the retail loan, housing loan, vehicle loan, MSME loan and agriculture loan, as the sowing season has started.

HDFC Bank gives you an opportunity to make money; be your own boss and prosper

HDFC Bank gives you an opportunity to make money; be your own bos...

Wed, Dec 04, 2019

HDFC Bank will provide access to a holistic suite of services including banking accounts.

Boost for MSMEs for defence supplies! Check big plans of Modi government - Rs 400 cr already allocated

Boost for MSMEs for defence supplies! Check big plans of Modi gov...

Sat, Nov 23, 2019

In order to give a major shot in the arm of MSMEs, the Ministry of Defence plans to set up 6-8 product testing facilities to enable the micro, small and medium enterprises to test their products fo

Boost for Startups! Top 5 benefits for small businesses from this GST Council decision

Boost for Startups! Top 5 benefits for small businesses from this...

Thu, Nov 21, 2019

The Goods and Services Tax (GST) Council proposes to introduce e-Invoicing for B2B (business to business transactions) from January 1, 2020.

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