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MSME
MSME News
RBI
15 Apr 2024
Banks Must Provide Simple Key Facts Statement To Borrowers: RBI
The RBI has decided to harmonise all instructions on KFS and disclosure of the Annual Percentage Rate (APR).
Small cap index
19 Feb 2024
Small And Mid Cap Index Continue To Outperform Large Cap Index
For the year ending January 2024, Realty (108%) and PSU Bank (57%) made the highest gains while Bank (13%) was the lowest performer, the report said.
Ikea
05 Feb 2024
Ikea Looks At Next Round Of Investment In India After Fulfilling Rs 10,500-Cr
Currently, Ikea is operating stores in Hyderabad, Mumbai and Bengaluru and is investing around Rs 7,000 crore to enter the National Capital Region with two stores in Gurugram and Noida.
Finance Minister
29 Jan 2024
FinMin Says Future Reforms Include Reducing Compliance Burden For MSMEs
The rapidly expanding digital infrastructure is continuously improving institutional efficiency.
Interim Budget 2024
24 Jan 2024
Remove Cap On CGTMSE Scheme For Last-mile MSME Financial Inclusion
CGTMSE cap was revised to allow for MSME loans to have interest rates not exceeding 21% per annum in 2023.
MSME
31 Mar 2023
Revised Loan Guarantee Scheme For MSME To Be Implemented From April 1
In Budget 2023-24, finance minister Nirmala Sitharaman announced the revamping of credit guarantee scheme for micro and small enterprises with effect from April 1, 2023, with an infusion of Rs 9,000 crore to the corpus to enable additional collateral-free guaranteed credit of Rs 2 lakh crore.
Emergency Credit Line Guarantee Scheme
20 Feb 2023
ECLGS for MSMEs: Finmin to Meet Heads of Banks on February 22
The meeting, to be chaired by Financial Services Secretary Vivek Joshi, would also see participation from top private sector lenders HDFC Bank, ICICI Bank, Axis Bank and Kotak Mahindra Bank.
Raising and Accelerating MSME Performance
30 Jun 2022
MSMEs form one-third of India's economy, Budget raised 650% in 8 years: PM
The Prime Minister made the remarks while inaugurating the Rs 6,062.45-crore `Raising and Accelerating MSME Performance` (RAMP) scheme for MSMEs at the `Udyami Bharat` programme held at Vigyan Bhawan in the national capital.
Raising and Accelerating MSME Performance
30 Jun 2022
PM Modi launches 'Raising and Accelerating MSME Performance' scheme
The scheme will complement the Aatmanirbhar Bharat Abhiyan. PM Narendra Modi also inaugurated the `Capacity Building of First-Time MSME Exporters` scheme.
World MSME Day
27 Jun 2022
World MSME Day today, 27 June 2022: Check out THESE loan schemes by govt
The Government of India (GoI) offers many loan packages to help small enterprises fund their operations, purchase new equipment, expand their operations, and more.
MSME
29 Apr 2022
Zero Defect Zero Effect scheme for MSME launched, additional subsidy for women
Union Minister for Micro, Small and Medium Enterprises Shri Narayan Rane has said that ZED has the potential to become a national movement and that it aims to provide a roadmap to global competitiveness for the MSMEs of India.
RBI
08 Mar 2022
RBI issues guidelines for interest equalisation scheme for export credit
As per the modifications made by the government to the scheme, the telecom instrument sector having six HS (Harmonised System) lines shall be out of the purview of the plan, except for MSME manufacturer exporters. The RBI notification further said the extended scheme will not be available to those beneficiaries, who are availing the benefit under any production linked incentive (PLI) scheme of the government. With effect from April 1, 2022, banks shall reduce the interest rate charged to the eligible exporters.
Piyush Goyal
03 Mar 2022
Piyush Goyal asks industry to explore ways to hike manufacturing contribution
Currently, manufacturing accounts for about 15 per cent of the country's GDP. The minister added that Indian companies should support goods manufactured locally.
Piyush Goyal
13 Jan 2022
Piyush Goyal appeals to industry to prepay MSMEs for their services
The meeting was called to seek their suggestions and inputs to ensure the continuation of fast rebound of economic activities and high growth rates being achieved.
MSME
04 Jan 2022
MSMEs need benefits of registration? Here’s what it looks like
According to the MSME Ministry's 2020-21 annual report, a total of 21,96,902 businesses registered for Entrepreneurs Memorandum (EM-II) between 2007 and 2015. As of December 31, 2021, the total number of registered users on the Udyam site was roughly 64.10 lakh. India's laundry market is predicted to expand to $15 billion by 2025, up from $11.3 billion in 2019.
Rajnath Singh
04 Dec 2021
Export capacity to MSME contribution: Rajnath Singh on India's defence sector
Singh urged MSMEs to invest more in R&D for defence The minister was speaking at the MSME conclave It was organised by the Society of Indian Defence Manufacturers
Uttar Pradesh
17 Nov 2021
Consolidation of MSME sector will play an important role in upcoming UP polls
In the last four-and-a-half years, 76,73,488 people have got loans of Rs 2,42,028 crore for doing business in the MSME sector under the Yogi government.
ICICI
29 Sep 2021
ICICI offers Over Draft of upto Rs 25 lakh for MSMEs, check steps to avail OD
OD of upto Rs 25 lakh instantly and digitally. First bank to automate scorecard-based mechanism that allows instant approval to sellers. Customers of ICICI Bank can use the OD immediately.
MSME
27 Aug 2021
Zee Digital Concludes MSME National Summit and Awards 2021
The program was moderated by Saurabh Manchanda, SME Editor, Zee Business. The MSME NATIONAL SUMMIT and AWARDS 2021 presenting partner is Amazon.in. The action packed grand virtual conclave and awards ceremony was graced by the presence of well renowned leaders from the sector.
Shopaccino
10 Aug 2021
Shopaccino empowers MSME's with its all-in-one e-commerce platform
Building a great software application is undoubtedly the main objective for any SaaS company. Backed by in-house experts and professionals, Shopaccino envisions to be a key player in driving businesses by making them SEO friendly to ultimately help them in transforming their brand towards growth and development.
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