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Important event for the month of October, 2019

Ministry Of Micro, Small & Medium Enterprises

Important activities of the Ministry for the month of November, 2019

Ministry Of Micro, Small & Medium Enterprises

Rise of Handloom to a Global Industry

Ministry Of Micro, Small & Medium Enterprises

Coir a crucial component for Eco-Sustainability

Ministry Of Micro, Small & Medium Enterprises

Budget 2020

Budget 2020 has announced several measures which would impact the Start-ups and MSME

Ease of doing business: 1,000 companies get nod to start projects

The Congress government’s breakthrough policy reform for micro, small, medium enterprises (MSME) on Monday crossed a a momentous milestone of 1,000 companies getting one-shot nod to start their projects.

Yes Bank launches Smart Edge, an industry first surrogate lending program for MSMEs

The first-of-its-kind surrogate lending model wherein no financial statements will be required and credit appraisal will be done basis data-points pulled from GST returns and operative Bank accounts of MSMEs

Labour Reforms

Companies will soon not require multiple registrations, as they do now under a plethora of labour laws, because the government has proposed one licence, one registration, and one return for establishments.

Special MSME package can help 7 cr accounts, Rs 1 L cr loans: Fin secy

The Reserve Banks restructuring package for small businesses announced last month will help recast Rs 1 lakh crore of loans for 7 lakh eligible micro, small and medium enterprises, a top government official has said. The estimate from the Department of Financial Services (DFS) secretary Rajiv Kumar is much higher than domestic rating agency Icras assessment of Rs 10,000 crore. It comes even as some banks have seen a reluctance among the target MSMEs to take advantage of the scheme.

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