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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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MSMEs created 14% more jobs in last four years, claims CII survey

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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?

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

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.

Note ban negative for auto asset backed loan in short-term: Moody's

Note ban negative for auto asset backed loan in short-term: Moody's

Mon, Feb 13, 2017

Moody's Investors Service on Monday said that the government's demonetisation decision will have negative impact on the performance of Indian auto asset backed loans in the short-term and the effect will last until March.

Make in India in Defence will boost MSME sector

Make in India in Defence will boost MSME sector

Sat, Feb 11, 2017

The 'Make in India' programme puts great thrust on sustainability, Lt Gen Thodge said, adding that the Government is reaching out to MSMEs across India to encourage them to participate in this programme.

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