Clipped from: https://www.financialexpress.com/business/sme/cgtmse-guarantee-coverage-for-women-msmes-increased-to-90-per-cent-msme-ministry-jitan-ram-manjhi/3613659/ The scheme was extended to women-owned MSEs in December 2022 to provide credit guarantee of 85 per cent for loans up to Rs
Category: MSME-Startup
Small Businesses generate 35 mn job applications till Aug 2024: Report – SME News | The Financial Express
Clipped from: https://www.financialexpress.com/business/sme/small-businesses-generate-35-mn-job-applications-till-aug-2024-report/3614305/ Notably, over 55 per cent of total job applications for SMB roles came from tier-2 and tier-3 cities like Jaipur, Indore, Ahmedabad, Lucknow,
Govt caps interest subvention amount at Rs 5 crore per IEC for MSME manufacturers – SME News | The Financial Express
Clipped from: https://www.financialexpress.com/business/sme/govt-caps-interest-subvention-amount-at-rs-5-crore-per-iec-for-msme-manufacturers/3614762/ In a trade notice on September 17, the Directorate General of Foreign Trade (DGFT) announced the amendment under the Interest Equalisation Scheme (IES)
GeM revised transaction charges: 0% for orders up to Rs 10 lakh; check full list – SME News | The Financial Express
Clipped from: https://www.financialexpress.com/business/sme/gem-revised-transaction-charges-0-per-cent-for-orders-up-to-rs-10-lakh-check-full-list-for-sellers/3615628/ In a revenue policy document on August 9, 2024, the portal announced zero per cent transaction charges for all orders valued up to
👌👌👌Import-export: How to apply for IEC online? Check steps – SME News | The Financial Express
lipped from: https://www.financialexpress.com/business/sme/import-export-how-to-apply-for-importer-exporter-code-iec-online/3615805/ The 10-character alpha-numeric IEC is necessary on the date of rendering services and is obtained separately by DGFT based on an online application.
👌👌👌RBI unlikely to cut rates soon, but prolonged elevation could harm economy – Opinion News | The Financial Express
https://www.financialexpress.com/opinion/rbi-unlikely-to-cut-rates-soon-but-prolonged-elevation-could-harm-economy/3616140/ Clipped from: https://www.financialexpress.com/opinion/rbi-unlikely-to-cut-rates-soon-but-prolonged-elevation-could-harm-economy/3616140/ Our central bank may not immediately follow what Fed has done, but rates should not remain elevated for very long. Back home,
👌Interest Equalisation Scheme: Subvention Cap: Rs 5 Cr for MSMEs, Rs 2.5 Cr for Exporters
https://taxguru.in/dgft/interest-equalisation-scheme-subvention-cap-rs-5-cr-msmes-rs-2-5-cr-exporters.html Clipped from: https://taxguru.in/dgft/interest-equalisation-scheme-subvention-cap-rs-5-cr-msmes-rs-2-5-cr-exporters.html The Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce and Industry, has issued Trade Notice No. 17/2024-2025 announcing amendments
👌👌👌Telangana launches MSME Policy 2024 to help small firms grow – The Hindu BusinessLine
https://www.thehindubusinessline.com/news/telangana-launches-msme-policy-2024-to-help-small-firms-grow/article68655743.ece Clipped from: https://www.thehindubusinessline.com/news/telangana-launches-msme-policy-2024-to-help-small-firms-grow/article68655743.ece MSMEs to get access to land, finance, raw material, skilled labour Telangana Chief Minister A. Revanth Reddy, Deputy Chief Minister Mallu Bhatti Vikramarka, Industries Minister D. Sridhar
WhatsApp has been a game changer for India’s small businesses: Sandhya Devanathan – The Hindu BusinessLine
https://www.thehindubusinessline.com/companies/whatsapp-has-been-a-game-changer-for-indias-small-businesses-sandhya-devanathan/article68635009.ece Clipped from: https://www.thehindubusinessline.com/companies/whatsapp-has-been-a-game-changer-for-indias-small-businesses-sandhya-devanathan/article68635009.ece One of the key announcements included the Meta-verified badges on WhatsApp. In a one on one chat with businessline Sandhya Devanathan, VP, Meta in
E-commerce revolution is not inclusive enough – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/e-commerce-revolution-is-not-inclusive-enough/article68619123.ece Clipped from: https://www.thehindubusinessline.com/opinion/e-commerce-revolution-is-not-inclusive-enough/article68619123.ece MSMEs that are not digitally savvy, or are unable to deal with compliance issues, could fall by the wayside E-commerce poses a
Working capital cycle shortest in 25 years at 47.8 days, shows data
https://www.business-standard.com/industry/news/working-capital-cycle-shortest-in-25-years-at-47-8-days-shows-data-124090400004_1.html Clipped from: https://www.business-standard.com/industry/news/working-capital-cycle-shortest-in-25-years-at-47-8-days-shows-data-124090400004_1.html If the current trend holds, this would mark the shortest net working capital cycle in at least a quarter-century Listen to This
New credit assessment model for MSMEs under way – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/new-credit-assessment-model-for-msmes-under-way/article68559499.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/new-credit-assessment-model-for-msmes-under-way/article68559499.ece New MSME model based on digital footprints is an improvement from traditional assessment of credit eligibility based only on asset or turnover
Commerce ministry developing e-platform to connect exporters, MSMEs, govt | Economy & Policy News – Business Standard
https://www.business-standard.com/economy/news/commerce-ministry-developing-e-platform-to-connect-exporters-msmes-govt-124080600896_1.html Clipped from: https://www.business-standard.com/economy/news/commerce-ministry-developing-e-platform-to-connect-exporters-msmes-govt-124080600896_1.html Government has initiated the creation of a trade connect e-platform to connect Indian exporters, MSMEs and entrepreneurs with various stakeholders, MoS Commerce
👍👍👍MSMEs’ 180-day repay period demand genuine: PNB MD & CEO Atul K Goel | Interviews – Business Standard
https://www.business-standard.com/companies/interviews/demand-for-180-day-repayment-period-from-msmes-is-genuine-pnb-s-atul-goel-124072800458_1.html Clipped from: https://www.business-standard.com/companies/interviews/demand-for-180-day-repayment-period-from-msmes-is-genuine-pnb-s-atul-goel-124072800458_1.html Goel discussed the public sector lender’s latest quarterly results and its expansion plans Atul Kumar Goel, MD & CEO, PNB Listen to
👍👍👍👍👍MSMEs get a helping hand in Budget but challenges in financing remain | Finance News – Business Standard
https://www.business-standard.com/finance/news/msmes-get-a-helping-hand-in-budget-but-their-challenges-in-financing-remain-124072800578_1.html Clipped from: https://www.business-standard.com/finance/news/msmes-get-a-helping-hand-in-budget-but-their-challenges-in-financing-remain-124072800578_1.html According to CRISIL Ratings’ bi-annual ‘MSME Report’ (June 2023), the debt need of the sector is more than Rs 100 trillion. Of
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