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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.
Budget 2019: 6 key things that will decide fate of India's finances in FY19-20
Fri, Feb 01, 2019
Budget 2019: Interim Finance Minister Piyush Goyal will announce interim Union Budget 2019 on the morning of February 01.
Budget 2019 expectations: Start-ups demand investor friendly budget from Narendra Modi, Arun Jaitley
Thu, Jan 17, 2019
Line of credit is the major problem that start-ups are facing. The situation further worsens after the IL&FS crisis as NBFCs were the major source of lending for start-ups.
MSME incentives will add strength to the sector, say PM Narendra Modi
Mon, Nov 05, 2018
Public sector companies which were mandated to source 20 per cent of their annual procurement from MSMEs will now have to source at least a quarter of their requirement (25 per cent) from the sector. Also, 3 per cent of sourcing by public sector undertakings (PSUs) should be done from MSMEs run by women.
Do you want Rs 1 cr loan in just 59 minutes? This Modi scheme to ring in ache din; get the money this way
Fri, Nov 02, 2018
The Finance minister Arun Jaitley has launched a new online portal, through which loans up to Rs 1 crore will be dispensed in a span of just 59 minutes.
Contactless banking to be the new paradigm: Fin Services Secretary Rajiv Kumar
Mon, Oct 01, 2018
Based on the experience of this automated loan processing system, other products could be onboarded, he said, adding "contactless banking is going to be the new paradigm as it fosters transparency".
Relax artificial entry barriers for MSMEs, SC/ST enterprises: Govt to PSUs
Sun, Jul 08, 2018
The Public Procurement Policy mandates 20 per cent annual procurement from micro, small and medium enterprises including 4 per cent from MSMEs owned by SC/STs.
Govt working on time-bound plan for conversion of unlisted cos' shares into demat form
Sun, Jul 08, 2018
The government is working on a time-bound action plan for unlisted companies to convert their shares into dematerialised form, and MSMEs are likely to be exempted from the requirement, according to a senior official
Govt eyes MoUs, fairs abroad to promote Khadi
Sun, Feb 11, 2018
The Micro, Small and Medium Enterprises Ministry is looking at roping in export promotion clusters to boost outward shipments of Khadi products
RBI provides relief to MSME borrowers under GST
Wed, Feb 07, 2018
In its sixth bi-monthly monetary policy review for FY18, RBI kept the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6%.
Fast-paced growth of north-eastern region to push India's development: Modi
Sat, Feb 03, 2018
He said all the schemes of the government are oriented towards bringing about a qualitative change in the lives of the people
Govt to soon announce steps to tackle NPAs of MSMEs: Jaitley
Thu, Feb 01, 2018
Unveiling the last full-year budget in Parliament, Jaitley said online loan sanctioning facilities for MSMEs will be revamped for prompt decision-making by banks
GST Council to meet today; relief for MSMEs, exporters on the agenda
Fri, Oct 06, 2017
The 22nd GST Council Meeting is likely to discuss a special package for the micro, small and medium enterprises (MSMEs) and exporters.
GST rollout: Are MSMEs ready?
Wed, Apr 19, 2017
The tax officials of the central and state governments will this week hold their maiden meeting on devising a formula for tax rate to be levied on services under the tax regime, as reported by PTI.
Demonetisation Impact: Finova Capital targets to disburse loan worth Rs 100 crore to MSMEs in 2017; plans to recruit 500 people in 2 years
Thu, Mar 16, 2017
Demonetisation has worked as a blessing in disguise for us as we collect 100% repayment through Automated Clearing House (ACH) mode and not through cash, Finova Capital managing director and chief executive officer, Mohit Sahney told Zeebiz.com.