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Amazon pledges enabling USD 80 billion exports from India by 2030; partners DPIIT

Amazon pledges enabling USD 80 billion exports from India by 2030; partners DPIIT

Tue, Dec 10, 2024

E-commerce giant Amazon on Tuesday announced its commitment to enable USD 80 billion in cumulative exports from India by 2030 and said it has partnered with DPIIT to establish India as a global manufacturing hub.

DFC of US comits $40 million loans to UGRO Capital for MSME funding

DFC of US comits $40 million loans to UGRO Capital for MSME funding

Wed, Oct 16, 2024

This investment marks a critical step in UGRO Capital's journey to empower small businesses at the grassroots level and deepen financial inclusion across the country, the NBFC focused on MSME lending said in a statement on Wednesday.

5 crore MSMEs registered, aim to ramp up credit guarantees by another Rs 5 lakh crore: Centre

5 crore MSMEs registered, aim to ramp up credit guarantees by another Rs 5 lakh crore: Centre

Tue, Sep 10, 2024

According to Dr Rajneesh, additional secretary and development commissioner, Ministry of MSME, several MSMEs needed to register with the government, and it was estimated that there were around 6.5-7 crore MSMEs in the economy and only 1.65 crore MSMEs were registered till last year with the government.

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Big boost for SMEs, Centre set to take this giant step

Big boost for SMEs, Centre set to take this giant step

Fri, May 11, 2018

The central government is considering relaxing some rules for convicted promoters as well as for micro, small and medium enterprises (MSMEs) in order to allow more bidders to participate in the resolution process under the Insolvency and Bankruptcy Code (IBC).

MSME initiatives start yielding results, credit to sector up 20%: DFS Secy

MSME initiatives start yielding results, credit to sector up 20%: DFS Secy

Wed, Mar 14, 2018

MSMEs with loan between Rs 10 lakh to Rs 5 crore have the lowest deliquency rate, Financial Services Secretary Rajiv Kumar said, adding, these are relatively stable with limited downside. The government has taken a slew of measures, including tax concessions in the budget, for micro, small and medium enterprises (MSMEs) with an annual turnover of up to Rs 250 crore and lowering of the interest burden

MSME sector is backbone of the economy, says FM Jaitley

MSME sector is backbone of the economy, says FM Jaitley

Sat, Feb 03, 2018

The benefit of CriSidEx is that its readings will flag potential headwinds and changes in production cycles and thus help improve market efficiencies.

Here’s how different sectors reacted to the Union Budget 2018

Here’s how different sectors reacted to the Union Budget 2018

Fri, Feb 02, 2018

Know the reactions from industry experts on the Union Budget 2018.

Govt allows 100% FDI under automatic route for single brand retail

Wed, Jan 10, 2018

Union Cabinet today approved 100 per cent Foreign Direct Investment (FDI) under automatic route for single brand retail trading. Upto 49 per cent FDI is allowed under automatic route presently, but any investment beyond the limit requires government approval.

Govt selects panchayats from backward districts to spur growth

Govt selects panchayats from backward districts to spur growth

Mon, Dec 25, 2017

Public institutions like Krishi Vigyan Kendras, MSME clusters, other skill development institutions will be involved in developing these clusters

More capital will push PSBs to up MSME credit: Jaitley

More capital will push PSBs to up MSME credit: Jaitley

Mon, Nov 13, 2017

Last month, the government had unveiled a whopping Rs 2.11-lakh crore two-year road map to strengthen NPA-hit public sector banks (PSBs), which includes recapitalisation bonds, budgetary support and equity dilution.

Government is planning to ease procedure of availing loans for MSMEs: Sources

Government is planning to ease procedure of availing loans for MSMEs: Sources

Sat, Oct 28, 2017

Post recapitalisation of the PSU banks, the union government is planning to ease the procedure of availing loans for Ministry of Micro, Small and Medium Enterprises (MSMEs), a source aware of the development has told this to Zee Business.

RBI to revamp bankers' panels to boost priority sector lending

RBI to revamp bankers' panels to boost priority sector lending

Sun, Jul 16, 2017

"We are looking at revamping the entire structure of SLBC so that banks can lend more to the priority sector, which has the potential to create more jobs and self-employment," said Mundra at a conference organised by the College of Agricultural Banking here.

Dell EMC, SAP launch ''GST-in-a-box'' for MSMEs in India

Dell EMC, SAP launch ''GST-in-a-box'' for MSMEs in India

Mon, Jul 10, 2017

SAP is providing a pre-packaged `GST in a Box` solution running on infrastructure solutions of Dell EMC which is aimed at helping MSMEs digitally transform their businesses in compliance with GST.

Are you ready to file 37 tax returns under GST regime? All your questions answered

Are you ready to file 37 tax returns under GST regime? All your questions answered

Tue, Jun 27, 2017

Touted as India's biggest tax reform -- the Goods and Services Tax (GST) -- is all set to be rolled out from 1st July 2017.

GST will help in e-commerce export, but clarity on policy needed: Stakeholders

GST will help in e-commerce export, but clarity on policy needed: Stakeholders

Mon, Jun 12, 2017

A few players in the e-commerce sector feel that under the current foreign trade policy, there is a "lack of clarity" in terms of e-commerce exports.

MSME financing start-up Aye Finance raises $8 million from Blue Orchard

MSME financing start-up Aye Finance raises $8 million from Blue Orchard

Thu, May 25, 2017

The NBFC start-up provides financing for MSMEs and raised $8 million through NCDs from Blue Orchard.

Niti Aayog CEO 'Amitabh Kant' said MSMEs playing great role in job creation

Niti Aayog CEO 'Amitabh Kant' said MSMEs playing great role in job creation

Sun, May 14, 2017

Niti Aayog CEO 'Amitabh Kant' said MSMEs playing great role in job creation. Watch this special segment and get to know more here.

Snapdeal launches GST Guru program to enlighten online sellers on new tax structure; to provide accounting, taxation advice

Snapdeal launches GST Guru program to enlighten online sellers on new tax structure; to provide accounting, taxation advice

Tue, Feb 28, 2017

Snapdeal has launched GST Guru program to provide expert advice to its online sellers on the upcoming tax structure GST.

MSMEs manufacturing excellence imperative for global competitiveness

MSMEs manufacturing excellence imperative for global competitiveness

Sun, Feb 05, 2017

The minister on Saturday was addressing the National Summit on MSMEs organised by industry body Confederation of Indian Industry (CII) here as part of the 22nd edition of the international engineering and technology fair to enhance the growth and productivity of Indian MSMEs.

India's GDP likely to be 6.8% in 2016-17, RBI to maintain status quo on Feb 8: Ficci survey

India's GDP likely to be 6.8% in 2016-17, RBI to maintain status quo on Feb 8: Ficci survey

Mon, Jan 30, 2017

Ficci in its latest survey has projected India's economy to grow 6.8% for the year 2016-17.

Demonetisation: United Bank of India sees credit growth at 7-8% by end of FY17

Demonetisation: United Bank of India sees credit growth at 7-8% by end of FY17

Mon, Jan 16, 2017

Credit growth of United Bank of India (UBI) at the end of financial year 2016-17 (FY17) will be as low as 7-8% due to demonetisation impact, its MD and CEO P Bajaj said.

Sebi relaxes rules for angel funds to boost startup funding

Sebi relaxes rules for angel funds to boost startup funding

Thu, Jan 05, 2017

To give a fillip to startup funding, markets regulator Sebi has relaxed its rules for investment by angel funds, including allowing them to invest in up to five-year old entities.

Modi's December 31 schemes to boost economic growth, if implemented effectively: Assocham

Modi's December 31 schemes to boost economic growth, if implemented effectively: Assocham

Wed, Jan 04, 2017

Sunil Kanoria, President of Assocham said, “The initiatives like 60-day interest waiver for farmers who have taken loans from district co-operative banks and primary societies together with additional fund of 20,000 crore given to NABARD to give loans to farmers would help in alleviating pains of farmers and rural class."

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