Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/loans-under-59-minute-to-msme-units-non-starter-in-karnataka-says-industry-body-in-memo-to-fm/articleshow/89240740.cmsSynopsis The industry body suggested that the government task the state-level bankers’ committee (SLBC) to monitor progress under the scheme. BENGALURU: Karnataka’s small-scale industries
Category: MSME-Startup
Budget 2022 will be MSME and Export Oriented: FIEO – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/budget-2022-will-be-msme-and-export-oriented-fieo/articleshow/89216282.cmsSynopsis FIEO President A Sakthivel suggested that container manufacturing should be encouraged more so as we are also pushing coastal shipping in our country.
Steps should be taken in Budget to ensure hassle-free credit to MSMEs: PHD Chamber – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/steps-should-be-taken-in-budget-to-ensure-hassle-free-credit-to-msmes-phd-chamber/articleshow/89216567.cmsSynopsis PHD Chamber President Pradeep Multani suggested for extension in the timeline of the Emergency Credit Line Guarantee Scheme (ECLGS) for another year till
Thousands more seeking jobs registered on MSME Sampark portal in 12 months even as vacancies dipped 84% – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-skil-thousands-more-seeking-jobs-registered-on-msme-sampark-portal-in-12-months-even-as-vacancies-dipped-84/2414337/ Skill, labour, talent for MSMEs: Since its launch, 30,884 candidates were placed via the Sampark portal so far, only 10 per cent up from 28,029 candidates
Increasing MSMEs’ share in GDP to 40% by 2025 is a herculean task: AIMA – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-increasing-msmes-share-in-gdp-to-40-by-2025-is-a-herculean-task-aima/2413579/ Ease of Doing Business for MSMEs: Former MSME Minister Nitin Gadkari in 2020 had set a target of increasing MSMEs’ share in exports
Budget alone can’t push recovery – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/budget-alone-cant-push-recovery/2417696/ The business environment needs to be helpful so that the informal sector can recover and create jobs One must acknowledge that finance minister,
Low-cost tech access, ECLGS extension, among measures needed for MSMEs: Assocham survey – The Financial Express
lipped from: https://www.financialexpress.com/industry/sme/msme-eodb-budget-2022-low-cost-tech-access-eclgs-extension-among-measures-needed-for-msmes-assocham-survey/2411950/ Ease of Doing Business for MSMEs: The survey of 400 people from over 40 cities expected the MSME sector, after healthcare, to get
‘Budget 2022 should enable lesser compliances, reduced cost of doing business, tax relief for MSMEs’ – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-eodb-budget-2022-should-enable-lesser-compliances-reduced-cost-of-doing-business-tax-relief-for-msmes/2411996/ Ease of Doing Business for MSMEs: Amid the Covid scenario, issues such as delay in availability of finance & credit, timely payment &
Increasing MSMEs’ share in GDP to 40% by 2025 is a herculean task: AIMA – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-increasing-msmes-share-in-gdp-to-40-by-2025-is-a-herculean-task-aima/2413579/ Ease of Doing Business for MSMEs: Former MSME Minister Nitin Gadkari in 2020 had set a target of increasing MSMEs’ share in exports
Budget must aid MSME recovery – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/budget-must-aid-msme-recovery/2410882/ This needs better implementation of existing schemes that enable fintech/NBFCs to lend to MSMEs We expect Union Budget FY23 to come up with
AIMA introduces 6-month management course for MSME promoters – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/aima-introduces-6-month-management-course-for-msme-promoters/articleshow/89052981.cmsSynopsis The scheme was the biggest component of the Rs 20-lakh crore Atmanirbhar Bharat package of the government to help the Indian economy recover
182 factoring companies for MSMEs now, up from seven earlier | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/182-factoring-companies-for-msmes-now-up-from-seven-earlier-122012100032_1.html The RBI has allowed all non-deposit taking NBFC-Investment and Credit Companies (NBFC-ICCs) with asset size of ₹1,000 crore and above to carry on
PayU offers small businesses instant credit access with repayment cycles from 1 week to 1 year – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-payu-offers-small-businesses-instant-credit-access-with-repayment-cycles-from-1-week-to-1-year/2409316/ Credit and Finance for MSMEs: The credit amount ranges from Rs 25,000 to several crores with repayment cycles from 1 week to 1 year.
Informal sector has taken a big hit, says Gopal Krishna Agarwal, BJP’s Economic Affairs Spokesperson – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/informal-sector-has-taken-a-big-hit-demand-needs-a-boost-and-the-fiscal-consolidation-path-should-not-be-very-steep/article64910460.ece Says its recovery is the govt’s prime concern, also speaks on steps needed to be taken to boost demand Guiding the contours of
MSMEs largely outside the ambit of PLI scheme, many small businesses left out of ECLGS. Can Budget 2022 do a course correction? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/msmes-largely-outside-the-ambit-of-pli-scheme-many-small-businesses-left-out-of-eclgs-can-budget-2022-do-a-course-correction/articleshow/88986888.cmsSynopsis Faced with lingering Covid blues, the MSME sector wants the FM to reduce compliances, address rigid banking norms and announce a PLI-like scheme
MFI industry seeks higher credit guarantee scheme in budget 2022 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/mfi-industry-seeks-higher-credit-guarantee-scheme-in-budget-2022/articleshow/88974904.cmsSynopsis In the budget representation to the ministry, the self regulatory body (SRO) of MFIs said the sector is facing a few challenges in
Indian MSMEs need SROs – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/indian-msmes-need-sros/2409000/ A SRO can help set and monitor quality and production standards while safeguarding the consumer’s interest In India, as the MSME sector expanded,
How can MSMEs maximise input tax credit and better manage cash flows – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-eodb-how-can-msmes-maximise-input-tax-credit-and-better-manage-cash-flows/2407899/ Ease of Doing Business for MSMEs: Manual reconciliations are laborious. Offline tracking and coordination across teams such as the tax team, accounts payable
PayU offers small businesses instant credit access with repayment cycles from 1 week to 1 year – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-payu-offers-small-businesses-instant-credit-access-with-repayment-cycles-from-1-week-to-1-year/2409316/ Credit and Finance for MSMEs: The credit amount ranges from Rs 25,000 to several crores with repayment cycles from 1 week to 1 year.
Something Special For MSMEs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/something-special-for-msmes/articleshow/88937677.cmsSynopsis GoI’s fund of funds was meant to infuse over ₹50,000 crore in equity to invest in MSMEs. Apparently, MSMEs are wary over questions
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