Amaravati (Andhra Pradesh) [India], Aug 6 (ANI): The government will launch a scheme for restructuring of loans of Micro Small and Medium Enterprises Development (MSMEs) under the Dr YSR Navodayam scheme to support the stressed MSME sector.
New Delhi [India], July 25 (ANI): A committee constituted by the Reserve Bank of India (RBI) has recommended that limit for collateral-free lending should be increased to Rs 20 lakh for micro, small and medium enterprises (MSMEs) and self-help groups (SHGs).
New Delhi [India], July 24 (ANI): Government has decided to set up two Defence Industrial Corridors in Uttar Pradesh and Tamil Nadu which would cover Micro, Small and Medium Enterprises (MSME) needs, government said in the Lok Sabha on Wednesday.
New Delhi [India], July 05 (ANI): Union Finance minister Nirmala Sitharaman on Friday announced that the government aims to set up Common Facility Centres (CFCs) to facilitate cluster-based development for making traditional industries more productive, profitable and capable for generating s
New Delhi [India], July 5 (ANI): Around Rs 350 crore has been allocated for FY 2019-20 for two per cent interest subvention for all Goods and Services Tax (GST) registered Micro, Small and Medium Enterprises (MSMEs), on fresh or incremental loans, Finance Minister Nirmala Sitharaman said on
New Delhi [India], July 05 (ANI): In a major impetus for the micro, small and medium enterprises (MSME) sector, Finance Minister Nirmala Sitharaman on Friday announced two per cent interest subvention for MSMEs under the Goods and Service Tax (GST) on fresh or incremental loans.
New Delhi (India), July 4 (ANI) Union Minister Nitin Gadkari said on Thursday that the Micro, Small and Medium Enterprises (MSMEs) sector would contribute 50 per cent to India's GDP in the next five years and would create five crore addition jobs in the sector.
Faridabad (Haryana) [India], June 28 (ANI): Giving major relief to Micro, Small and Medium Enterprises (MSME) units of Industrial Area Faridabad, Chief Minister Manohar Lal on Friday made several announcements including regularisation of MSME units developed in more than 70 per cent geograph
New Delhi [India], June 28 (ANI): Union Minister for Micro, Small and Medium Enterprises (MSME) Nitin Gadkari inaugurated the MSME Day 2019 celebrations and said boosting the aforementioned sector is important to reach Prime Minister Narendra Modi's goal of making India a 5 trillion dolla
Pune (Maharashtra) [India] June 27 (ANI/BusinessWire India): SMEs are crucial for the country's economic growth given the fact that small and medium enterprises contribute to over 45 per cent of India's total manufacturing output and 40 per cent to total exports.
New Delhi [India], June 24 (ANI): Various schemes have been launched in recent years to encourage micro, small and medium enterprises (MSMEs) which employ 11.1 crore people and are the largest provider of jobs after agriculture, the Rajya Sabha was informed on Monday.
Bengaluru (Karnataka) [India], June 21 (ANI): Sellers on e-commerce major Flipkart platform can now get loans at competitive interest rates from banks and non-banking financial companies (NBFCs) within two days, a move that is likely to benefit more than one lakh micro, small and medium ente