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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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Here's full text of PM Narendra Modi's New Year's address to nation

Here's full text of PM Narendra Modi's New Year's address to nation

Sun, Jan 01, 2017

Prime Minister Narendra Modi in his televised speech on Saturday announced a series of incentives to the poor, farmers, women and small businesses in a New Year`s address, and defended his recent decision to abolish high denomination bank notes, according to Reuters report.

95 crore Indians are out of reach of the internet, study claims

95 crore Indians are out of reach of the internet, study claims

Tue, Dec 27, 2016

Internet is out of reach of nearly 95 crore Indians, a study conducted by Assocham and Deloitte has found.

Are you an SME? We explain how to take advantage of income tax on digital turnover

Are you an SME? We explain how to take advantage of income tax on digital turnover

Wed, Dec 21, 2016

Earlier this week, finance ministry had rolled out a benefit of lower income tax rate, under section 44AD, for small businesses with turnovers up to Rs 2 crore if it were in digital/banking transactions.

Why small businesses are not willing to go digital

Why small businesses are not willing to go digital

Tue, Dec 20, 2016

The cost of going digital for small businesses, SMEs and MSMEs are borderline prohibitive. This is the reason why even as the Government is giving incentives for businesses to go digital, some small players are skeptical.

MSME's adoption low for Fintech alternative lending despite heavy investment

MSME's adoption low for Fintech alternative lending despite heavy investment

Fri, Dec 09, 2016

Despite heavy funding for fintech start-ups in alternative lending there have been several challenges identified in the low adoption by merchants.

Govt tries to assure MSME sector of no job losses due to demonetisation

Govt tries to assure MSME sector of no job losses due to demonetisation

Sun, Nov 27, 2016

The Union MSME minister assured that there will be no impact to the jobs in the sector.

Amendment to Companies Act to ease fund flow to MSMEs: FM Jaitley

Amendment to Companies Act to ease fund flow to MSMEs: FM Jaitley

Thu, Aug 11, 2016

"The Companies Act passed in 2013, there were provisions like related party transactions, which resulted difficulties for MSME sector. The amendment to the Act is before Parliament and it is considering that Amendment Bill. Despite this, the sector is growing," he said.

Jaitley to launch MSME databank, finance facilitation centres

Jaitley to launch MSME databank, finance facilitation centres

Wed, Aug 10, 2016

"Through the databank, we shall carry out a census of MSMEs online for the first time. The move to go online will help save money as the previous census conducted in 2008 cost Rs 50 crore, whereas this one is expected to be completed in just around Rs 1 crore," MSME Secretary K K Jalan told PTI.

Here's what Facebook is doing to boost SME sales

Here's what Facebook is doing to boost SME sales

Wed, Aug 03, 2016

Facebook Inc will allow small businesses in emerging markets sell to customers for free through their Facebook pages, the social media company said on Wednesday, marking a new effort to build up potential advertisers in its fastest-growing regions.

India has over 43 lakh child labourers, less than 5% rescued over past three years

India has over 43 lakh child labourers, less than 5% rescued over past three years

Wed, Aug 03, 2016

India employs 43,53,247 or 43.53 lakh children in the age group 5-14 years, the Ministry of Labour revealed in reply to Rajya Sabha questions on Wednesday. The number was reported according to the 2011 census of children employed in Micro, Small and Medium Enterprises (MSME).

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