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Thursday, November 7, 2024

MSMEs

English rendering of PM’s address at the inauguration of the 95th Annual Plenary Session of ICC

Namaskar!! I hope you all are in your best spirits!! Serving the country continuously for 95 years is indeed a big thing for any organization. ICC, Indian Chamber of Commerce has contributed to the development of East India and North...

COVID Emergency Credit Facility covers all companies and not just MSMEs: Finance Minister

Union Minister for Finance and Corporate Affairs Smt Nirmala Sitharaman today said that the COVID Emergency Credit Facility covers all companies and not just MSMEs. Addressing the FICCI National Executive Committee members, Smt Sitharaman assured the industry of all...

Fully paved way for Energising the MSME Sector through entire gamut of ‘Atmanirbhar Bharat Package’

In line with Government of India's top focus on energising MSMEs in the country, a special meeting of Cabinet Committee on Economic Affairs (CCEA) was convened under the Chairmanship of Prime Minister Shri Narendra Modi, here today, which approved...

Government is exploring new financial lending institutions to support small-scale units

Union Minister for MSME and Road Transport and Highways, Shri Nitin Gadkari said that the government is exploring new financial lending institutions to support small-scale units in terms of financial support.  Shri Gadkari said that government is working towards...

Guaranteed Emergency Credit Line (GECL) facility to eligible Micro, Small and Medium Enterprise (MSME) borrowers, including interested MUDRA borrowers

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given the following approvals: To enable additional funding of up to Rs. three lakh crore to eligible MSMEs and interested MUDRA borrowers by way of "Emergency Credit...

Relief package announced by Union Government for different sectors and new MSME definition will give huge boost to industry: Gadkari

Union Minister for MSME and Road Transport and Highways Shri Nitin Gadkari has said that the relief package announced by the Union Government for different stakeholders/sectors including MSME, labour, agriculture etc. and the new definition of MSMEs will give...

Nirmala Sitharaman announces measures for businesses, especially MSMEs

Rs 3 lakh crore Emergency Working Capital Facility for Businesses, including MSMEs Rs 20,000 crore Subordinate Debt for Stressed MSMEs Rs 50,000 crore equity infusion through MSME Fund of Funds New Definition of MSME and other Measures for...

As a relief to MSMEs, I-T refunds worth Rs 5,204 Crore issued in last 10 days: CBDT

The Central Board of Direct Taxes (CBDT) today said that Income tax refunds to nearly 8.2 lakh small businesses (proprietors, firms, corporate and trusts) worth Rs 5,204 Crore have been issued since 8th April 2020. These income tax refunds...

Early Clearance of MSMES’ Bills

To address the issues related to delayed payments of Micro, Small and Medium Enterprises (MSMEs), the Ministry of Micro, Small and Medium Enterprises (MSME) has taken the following steps: Micro and Small Enterprises Facilitation Councils (MSEFCs) have been set up...

Credit Rating For MSMEs

RBI has deregulated the interest rate on advances and these interest rates are determined by banks with the approval of their respective Board of Directors subject to extant guidelines of RBI. Loans to Micro, Small and Medium Enterprises (MSMEs)...
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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....
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