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MSMEs

Indian MSMEs create about 10 crore jobs in 15 months

Indian MSMEs create about 10 crore jobs in 15 months

Thu, Nov 21, 2024

The total number of new jobs created by micro, small and medium enterprises (MSMEs) in the country has gone up by close to 10 crore in the last 15 months, official data recorded on the government's Udyam portal showed.

Budget 2024: Double PM Mudra loan threshold of Rs 20 lakh a reality now

Budget 2024: Double PM Mudra loan threshold of Rs 20 lakh a reality now

Fri, Oct 25, 2024

A limit applicable to loans for SMEs under the 'Tarun' category of the PM Mudra scheme has been doubled to Rs 20 lakh. The decision was announced by the finance minister in her Union Budget 2024 speech on July 23. Under Pradhan Mantri Mudra Yojana, the higher limit of Rs 20 lakh under the Tarun Plus category will be provided to entrepreneurs who have already serviced their loans under the Tarun category earlier, according to a Ministry of Finance notification. Here are 10 things to know about this big development.

Budget 2024: 3 Cr new houses announced under PM Awas Yojana in the budget, loans up to ₹ 100 Cr will be available from MSME Guarantee Scheme.

Budget 2024: 3 Cr new houses announced under PM Awas Yojana in the budget, loans up to ₹ 100 Cr will be available from MSME Guarantee Scheme.

Tue, Jul 23, 2024

Budget speech of Finance Minister Nirmala Sitharaman. Announcement of 3 Cr new houses under PM Awas Yojana. Approval of ₹2.66 Lk Cr for rural development, infra. Announcement of financing, regulatory changes to help MSMEs. Announcement of credit guarantee scheme for MSMEs in manufacturing. Loans up to ₹100 Cr will be available under MSME Guarantee Scheme. SIDBI will increase branches to help MSMEs.

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Budget 2020 with Zee: Top 5 expectations that MSMEs want FM Nirmala Sitharaman to deliver on

Budget 2020 with Zee: Top 5 expectations that MSMEs want FM Nirmala Sitharaman to deliver on

Fri, Jan 31, 2020

Budget 2020 with Zee: MSMEs are also looking at Sotharaman with great hope as she is expected to make some big announcement for job creation.

Budget 2020: Gifts that small business sector wants from Nirmala Sitharaman on February 1

Budget 2020: Gifts that small business sector wants from Nirmala Sitharaman on February 1

Thu, Jan 23, 2020

Budget 2020: Small business players are demanding the removal of tax-related hassles like limitations on the carry forward and set off losses.

Walmart introduces Supplier development program "Vridhi scheme''

Walmart introduces Supplier development program "Vridhi scheme''

Mon, Dec 09, 2019

Walmart introduces Supplier development program for MSMEs in India, named as Vridhi scheme.

ClearTax acquires Dose FM, set to expand services to SMEs and individuals

ClearTax acquires Dose FM, set to expand services to SMEs and individuals

Fri, Oct 18, 2019

“With small businesses comprising a staggering 99.6% of total businesses across India, ClearTax will soon introduce best-in-class solutions focussed on solving their accounting, analytics and governance problems,” said Archit Gupta.

Forex credit to exporters at below 4% on anvil: Piyush Goyal

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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