The Federation of Indian Micro and Small & Medium Enterprises (FISME) has called on the government to introduce a sector-agnostic production linked incentive (PLI) scheme tailored specifically for MSMEs. This recommendation, part of a detailed 10-point submission to Finance...
In the lead-up to the Union Budget, the Ministry of Commerce and Industry has once again advocated for the removal of the so-called “angel tax,” arguing that it hampers the growth of India's start-up ecosystem. Rajesh Kumar Singh, Secretary...
The Ministry of Corporate Affairs (MCA) has announced the upcoming transition of additional statutory filing forms to a web-based format. Starting next month, this move is part of the ongoing technology transformation initiative for corporate filings. It is aimed...
Mumbai, 27th June 2024: On the occasion of World MSME Day, Arka Fincap Limited is thrilled to announce a 0% processing fee on top-up loans for a limited period, ending on July 27, 2024. This special offer is designed...
The Micro, Small, and Medium Enterprises (MSME) department in Madhya Pradesh has allocated plots to more than 40 small-scale industries in the Morkha industrial area of Neemuch district. This initiative aims to foster industrial growth in the region, attracting...
Former Chief Minister of Bihar, Jitan Ram Manjhi, has been appointed as the new MSME Minister under the NDA government led by Prime Minister Narendra Modi. Manjhi, 79, who is also the leader of the Hindustani Awam Morcha (HAM),...
The Federation of All India Vyapar Mandal (FAIVM) is set to urge the new NDA government to extend the time period for payments to MSMEs from their buyers to up to 180 days from the current 45 days. This...
The gross bank credit by scheduled commercial banks to MSMEs under priority sector lending norms grew by 18.1% in April 2024. This growth is notable compared to the previous year, according to the latest data from the Reserve Bank...
Mumbai, India – May 29, 2024 – STM Goods, a leading brand known for its innovative bags, cases, and accessories for consumer electronic devices, recently concluded a highly successful channel partner meet in Bengaluru. The event was designed to...
The Mumbai Bench of the National Company Law Tribunal (NCLT) has delivered a crucial ruling regarding the applicability of interest under the Micro, Small, and Medium Enterprises Development Act, 2006 (MSMED Act) in the context of the Insolvency and...
The Indian government’s public procurement portal, Government e-Marketplace (GeM), has recently signed a landmark agreement with the Sikkim government....
