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Sunday, November 24, 2024

Latest News

Government works on new MSME definition based on turnover

The new definition of Micro Small and Medium Enterprises (MSMEs) may be linked to turnover and take away the cutting-edge system of classifying devices primarily based on the capital deployed in plant and machinery. According to media reports, the MSME...

Supporting Entrepreneurs in the Business Development Aspects – Mr. B.K. Rane, TMA- Federation of Industries India

Mr.Bhalchandra Rane is the Chairman of the TMA- Federation of Industries India and Managing Director of UCP India- UCP Europe. In a Candid Interview with SME Venture, Mr. B.K. Rane deliberated about the association and status of SME Sector....

MSME Ministry announced guidelines for MSME endorsement in North East Region

The Ministry of Micro, Small and Medium companies (MoMSME) has issued instructions for promoting of MSMEs within the northeastern area and Sikkim of the principal sector scheme “Technology resource Centres”. With this objective in mind, a specified scheme for ‘merchandising...

RBI relaxed lending rules for NBFCs for Agriculture, MSMEs and Affordable Housing

Now the banks were allowed on-lending to agriculture as much as Rs 10 lakhs and micro and small businesses as much as Rs 20 lakh and housing up to Rs 20 lakh per borrower to be categorized as priority...

Maharashtra CM assures to save Vanishing Murbad MIDC Industries

Maharashtra Chief Minister Devendra Fadnavis has promised industrialists from Murbad Maharashtra Industrial Development Corporation (MIDC) to authorize Rs 10 crore for the recovery of power distribution system in MIDC region to keep their dying industrial contrivances The CM also said...

Will Indian Government measures convey good days for struggling MSMEs?

The government is willing to revive the MSME sector, which had been badly beaten by demonetization.  RBI had even permitted a one-time restructuring existing loans to MSME that are in default, but the loans given to them have continued...

Identifying the requirements of MSMEs that drive the nation

Micro, Small and Medium Enterprises (MSMEs) are arguably the riding force at the back of a nation’s financial growth. Notwithstanding this reality, many such organizations fail to flourish. One purpose for this is that even these days, SMEs is...

Budget 2019 Reactions from Startups and Entrepreneurs

Prime Minister Narendra Modi’s government announced the Budget 2019-2020 on Friday, seeking to repeal weakening development and investment that menace to take the shine off a current landslide election success. Finance Minister Nirmala Sitharaman, presented the annual budget statement to...

PM’s Reaction on Union Budget 2019-20

Prime Minister Narendra Modi hinted that Union Budget 2019-20 is a future-oriented roadmap to fulfill the dream of becoming 5 trillion dollar economy. Prime Minister Narendra Modi issued a letter welcoming Union Budget 2019-20 and congratulated the first woman Finance...

Key Takeaways from Union Budget 2019 for Startups, SMEs, Taxes & More

Union Budget 2019-20: The new Finance Minister Nirmala Sitharaman, declared the Union budget for 2019-2020 today at 11 AM on behalf of BJP Government. The Finance Minister has spoken about quite a few factors within the price range, from MSMEs...

Latest News

GeM Partnership with Sikkim: Boosting Digital Procurement Across India

The Indian government’s public procurement portal, Government e-Marketplace (GeM), has recently signed a landmark agreement with the Sikkim government....