Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/budget-2022-23-govt-to-renovate-national-skill-qualification-framework-launch-digital-ecosystem-for-skilling/articleshow/89267308.cmsSynopsis At the same time, she announced that a new portal encouraging a digital ecosystem for skilling and livelihood- DESH-Stack e-portal will be launched.
Category: MSME-Startup
Bank NPAs down but restructured advances could pose problems: Economic survey – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/bank-npas-down-but-restructured-advances-could-pose-problems-economic-survey/articleshow/89246386.cmsSynopsis Both gross NPA ratio and net NPA ratio of banks has declined since 2018-19 with GNPA ratio down to 6.9% in September 2021
gem: Government e-Marketplace portal is beating Amazon, Flipkart on discounts: Economic Survey 2021-22 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/government-e-marketplace-portal-is-beating-amazon-flipkart-on-discounts-economic-survey-2021-22/articleshow/89246425.cmsSynopsis 10 out of 22 commodities in the sample were cheaper on the GeM portal as compared to other platforms. A cost comparison of
Over 66 lakh MSMEs registered on Udyam portal, 95% are micro enterprises, 0.5% medium firms: Economic Survey 2021-22 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/over-66-lakh-msmes-registered-on-udyam-portal-95-are-micro-enterprises-0-5-medium-firms-economic-survey-2021-22/articleshow/89243928.cmsSynopsis The Economic Survey also highlighted the Champions portal as being an ICT based technology system for making the smaller units big by helping
Credit to Medium & Micro firms register double-digit YoY growth in Nov: Eco Survey 2022 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/credit-to-medium-micro-firms-register-double-digit-yoy-growth-in-nov-eco-survey-2022/articleshow/89243350.cmsSynopsis The Survey says the robust bank credit flow to the critical sector reflects the effectiveness of various measures taken by the Government and
Over 95 lakh borrowers, Rs 2.28 lakh crore disbursed under ECLGS: Eco Survey – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/over-95-lakh-borrowers-rs-2-28-lakh-disbursed-under-eclgs-eco-survey/articleshow/89243780.cmsSynopsis Among other efforts, the Reserve Bank of India announced a 6 month moratorium and deferment of interest for all term loans which was
Industry wants Budget to bring better credit schemes, GST rationalisation and lower cost of capital for MSMEs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/industry-wants-budget-to-bring-better-credit-schemes-gst-rationalisation-and-lower-cost-of-capital-for-msmes/articleshow/89234814.cmsSynopsis Financial woes and resource crunch continue to plague small businesses, and the pandemic has only aggravated these concerns. The Budget needs to address
Nurturing entrepreneurship through appropriate support measures, incentives – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/entrepreneurship/budget-nurturing-entrepreneurship-through-appropriate-support-measures-incentives/articleshow/89236498.cmsSynopsis India houses the third-largest cluster of startups in the world. Indian startups raised a record $24.1 billion in 2021, a two-fold increase over
Msme Budget expectations: What can MSMEs expect from Budget 2022 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/what-can-msmes-expect-from-budget-2022/articleshow/89238615.cmsSynopsis To accelerate Atmanirbhar Bharat Abhiyan the government must revisit and reduce the duties and taxes on capital goods to encourage small enterprises to
Loans under 59-minute to MSME units non-starter in Karnataka, says industry body in memo to FM – The Economic Times
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
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
