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Forex credit to exporters at below 4% on anvil: Piyush Goyal
Thu, Sep 12, 2019
Commerce Minister Piyush Goyal said the soon to be issued norms on foreign exchange export credits to exporters could be pegged below 4 per cent in order to boost exports.
CBIC asks officers to meet GST refund target
Mon, Sep 02, 2019
In a swift action following Finance Minister Nirmala Sitharaman`s promise to clear all pending GST refunds of micro, small and medium enterprises (MSMEs) within 30 days, Central Board of Indirect Taxes and Customs (CBIC) has prodded its field officers to make "all possible efforts to successfully realise this target."
Google Cloud-enabled app helping small farmers in India
Mon, Sep 02, 2019
The firm now uses Cloud-based analytics and is deploying machine learning (ML) models to provide timely advice in five languages -- from seed optimization, crop rotation and soil nutrition to pest control and commodity price forecasting to small farmers.
Credit to small firms: Government in discussions with multiple foreign lenders
Sat, Jul 20, 2019
A spokesman for World Bank in India on Saturday said the discussions with the government were in the early stages, adding that "further rounds of consultations will help us define the contours of this collaboration".
Centre targets 50% contribution to GDP from MSME sector, says Nitin Gadkari
Thu, Jul 04, 2019
The Minister made the announcement during Question Hour and rejected opposition objections in this regard, saying "it was not just his tall claims".
MSME segment is one of the most potent growth engines for Indian economy: Rashesh Shah
Wed, Jul 03, 2019
Rashesh Shah, Chairman and CEO, Edelweiss Group said, “India’s MSME segment is one of the most potent growth engines for the Indian economy, contributing significantly to GDP and playing a vital role in employment generation and overall economic activity.
With Monsoon firmly set, Budget 2019 seen as a forthcoming blessing; SBI Ecowrap explains why
Tue, Jul 02, 2019
SBI Ecowrap in its research note on Tuesday said that emphasis should be on making country-mandated fiscal rules that are credible and achievable.
Credit availability to MSMEs: Govt asks heads of PSBs to do analysis of the progress
Fri, Jun 28, 2019
Prime Minister Modi on November 2, 2018 launched an MSME outreach initiative to provide access to credit, access to market, technology up-gradation, ease of doing business and a sense of security for employees of MSMEs. In order to consolidate gains of the outreach campaign, the government has decided to take the initiative further.
RBI panel on MSMEs suggests distressed asset fund of Rs 5000 cr for small businesses
Wed, Jun 26, 2019
The RBI panel report asked the Small Industries Development Bank of India, which is the apex body responsible for the development of the MSME sector, to have a larger role.
EEPC India urges RBI to facilitate easy bank loans for MSME exporters
Thu, May 09, 2019
The EEPC India has suggested to the RBI that the interest equalisation scheme for the exporters become horizontal in nature by covering the entire MSME sector, so that the linkage with exports goes away and does not fall foul of the WTO's norms as well.
This startup which aids MSMEs reaches Rs 1000 cr in AUM
Thu, Apr 25, 2019
Aye Finance has disbursed over Rs 1700 crores to over 1,25,000 micro enterprises.
Zee Business-SAP Dare to Dream event: Need for tech innovations in auto sector, says NRDC CMD H Purushotham
Tue, Apr 16, 2019
Industry leaders should push for more tech innovations in the auto sector. Whenever there is a push from the industry leaders, growth can be witnessed in the sector, said Dr H Purushotham.
Zee Business-SAP Dare to Dream event to boost SMEs begins; 30 CXOs in attendance
Tue, Apr 16, 2019
The Dare to Dream event, being jointly organised by Zee Business and SAP on April 16 in New Delhi, started with the address by Ramesh Suri, Chairman, Subros. Suri shared his experiences on how he entered business and how the industry has witnessed unprecedented change from then till now.
Zee Business-SAP Dare to Dream event: 30 CXOs, industry experts set to attend empowering platform for SMEs
Mon, Apr 15, 2019
To build SME global competitiveness and foster growth, 30 CXOs and industry experts set to come together for a discussion over breakfast tomorrow in New Delhi.
VP Venkaiah Naidu demands ecosystem for rural entrepreneurship to thrive
Mon, Apr 01, 2019
Voicing concern over rising urban rural divide, Venkaiah Naidu stressed on making agriculture sustainable and profitable, creating market for rural artisans, empowering woman entrepreneurs to sell their crafts by way of online platforms and ensuring access to affordable education and healthcare.
This startup aids MSMEs, concludes fourth round of seed funding
Tue, Mar 12, 2019
Aye Finance raised Rs 233.62 crore, led by Falcon Edge; existing investors such as CapitalG, LGT and MAJ
MSMEs created 14% more jobs in last four years, claims CII survey
Sat, Mar 09, 2019
Amid all gloom over not enough jobs being created in the country, the Confederation of Indian Industry survey of over one lakh small and medium enterprises have shown 13.9% increase in net jobs created in the MSME sector in last four years or 3.3% per annum
MSMEs present an additional $70 bn lending opportunity to banks
Tue, Feb 26, 2019
This has made the government force the Reserve Bank to offer a special dispensation last month under which the banks were allowed to recast stressed MSME loans under Rs 25 crore outside the NCLT route.
Budget 2019: Big boost to women entrepreneurs; Piyush Goyal announces 3% tax benefit for women-owned MSMEs
Fri, Feb 01, 2019
"The government has taken many steps to support the MSME sector that provides jobs to crores of people in the country. We recently announced a facility to avail Rs 1 crore loan within 59 minutes," Piyush Goyal said, while presenting the Interim Budget for 2019-20.
Budget 2019 announcement: 2% interest subvention for MSMEs on loan up to Rs 1 cr
Fri, Feb 01, 2019
"All MSME units registered with the Goods and Services Tax (GST) will now have 2 per cent interest subvention for loans up to Rs 1 crore," he said.