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MSME sector News

08 Aug 2020

Flipkart signs MoU with UP government's one District, One Product scheme

The initiative called `Flipkart Samarth` will enable them to break entry barriers by extending time-bound incubation support which includes benefits in the form of on-boarding, free cataloguing, marketing, account management, business insights and warehousing support.

22 Apr 2020

Rahul launches portal for COVID-19 affected MSME sector, seeks suggestions

The suggestions can be sent on voiceofmsme.in or on social media platforms of the party, he said.

20 Jan 2020

Union Budget 2020-21: Centre may announce major relief for MSME sector

The government is likely to announce a distressed asset fund of Rs 5,000 crore for micro, small and medium enterprises (MSMEs) facing liquidity crunch in the upcoming Budget 2020-21.

21 Nov 2019

Job growth seen in MSME sector after demonetization, says govt data

While the Opposition has been attacking the Modi government for destroying numerous jobs in the micro, small and medium enterprises (MSME) sector post demonetization, figures show that 4-5 lakh jobs have been added annually for the past three years.

17 Sep 2019

Govt raises Insurance cover for banks up to 90% for Working Capital Loans

The cover percentage has been enhanced to 90 percent from the present average of 60 percent for both Principal and Interest.

Capital surplus

20 Nov 2018

Expert committee to look into issues concerning capital surplus: RBI

Further, the apex bank has been advised to consider a scheme for restructuring of stressed standard assets of MSME borrowers with aggregate credit facilities of up to Rs 25 crore, subject to such conditions as are necessary for ensuring financial stability, it added.

18 Aug 2018

Demonetisation, GST led to decline in MSME credit: RBI study

The credit disbursal to the MSME sector recovered a tad since the lows of 2017 to reach the mid-2015 level, notes an RBI report called the Mint Street Memo.

03 Aug 2018

GST Council to take up issues of MSME sector on August 4 meeting

Among other major discussion, the reconciliation of GSTR return by the income tax returns of the taxpayers will also be on the agenda.

03 Feb 2018

Arun Jaitley's exclusive interview with Zee Media: Read full transcript here

In an exclusive interview to Zee Media, FM Jaitley says Budget 2018 is not populist but popular.

03 Feb 2018

Indian economy has entered into consolidation phase, says Arun Jaitley

Finance Minister Arun Jaitley said on Saturday that the economy has entered into a phase of consolidation after a series of "structural reforms" which were initiated in the past two years.

10 Aug 2017

Rising NPAs in MSME sector in West Bengal worrisome: SBI

Starting August 5, 2017, SBI had introduced new system of assessment for the MSMEs across the country.

18 Nov 2015

Govt announces 3% interest subsidy to boost exports

Concerned over continuous decline in exports, government on Wednesday announced 3 percent interest subsidy scheme for exporters which will have a financial implication of about Rs 2,700 crore.

29 Jul 2015

Ficci writes to PMO, reels off steps to improve ease of biz

With an eye on improving ease of doing business in the MSME sector, industry body Ficci has written to the Prime Minister's Office suggesting ways to tackle contentious issues, including land acquisition, 'inspector raj' and regulations and their compliance.

Government Employment Generation Initiatives

15 Jun 2015

Government launches job portal for MSME sector

"It is a game changer. It took over an year to prepare this portal. Currently this is only for manufacturing sector. Job seekers will not have to pay any fees," Sinha said, adding that the industry would have to pay fees to use this portal.

30 May 2015

Cabinet clears signing of pact between India, Sweden on MSMEs

The government on Saturday approved signing of an agreement between India and Sweden to promote cooperation in the MSME sector.

National Small Industries Corporation

30 Mar 2015

NSIC to focus on innovation, skill development in MSME sector

National Small Industries Corporation (NSIC) has signed a pact with the government for promotion of innovation and entrepreneurship to give a fillip to the MSME sector in the country.

09 Mar 2015

Allocated Rs 3,300 cr to MSME sector, highest in 3 yrs: Govt

Government has earmaked over Rs 3,300 crore this fiscal, the highest allocation in the last three financial years, to develop the MSME sector and is implementing a special programme to develop its infrastructure, Lok Sabha was informed today.

Marketing platform

11 Feb 2015

'Take steps to promote women entrepreneurs in MSME sector'

Easy availability of credit and a marketing platform for products are some of the measures that government should take to promote women entrepreneurs in the MSME sector, says a report by think-tank CUTS International.

27 Dec 2014

MSME products should be made competitive, cost-effective: Govt

"It is therefore essential for us to devise methods to make the products of our MSMEs more competitive and cost effective," he said.

Finance Ministry

27 Nov 2014

FinMin sets up panel for MSME sector

The sector provides jobs to 60 million people in different segments such as readymade garments, leather, gems and jewellery, light engineering and handicrafts.

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