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.
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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.
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.
Fri, Jan 20, 2017
ZED Scheme aims to rate and handhold all MSMEs to deliver top-quality products using clean technology.
Tue, Jan 17, 2017
The government is considering allowing 100% FDI through automatic route in single brand retail to attract a larger number of global players in the sector.
Thu, Jan 12, 2017
To curb grey market and boost the organised players, the Gem and Jewellery Export Promotion Council (GJEPC) is expecting Finance Minister Arun Jaitley to reduce the import duty on gold to around 5%in the upcoming Union Budget.
Thu, Jan 05, 2017
Ashu Suyash, Managing Director & CEO, CRISIL, said,"MSMEs located in Tier 2 cities and smaller towns have witnessed a significant shift (42% of respondents) to cheque or electronic payments, indicating that the transition is geography agnostic, and, therefore, has greater implications in the way transactions take place in small cities and towns.”
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.
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