Msmes

Kotak Mahindra Bank introduces Merchant One Account for MSMEs; details here

Merchants are not going to be levied non-maintenance charges if they don’t maintain the monthly average balance in the account

Centre launches three schemes to boost pharma sector MSMEs

Speaking at the launch event here, Union minister Mansukh Mandaviya noted that the schemes envisage technology upgradation, setting up of common research centres and effluent treatment plants in clusters for the pharma MSMEs

MSMEs one-third of India's economy, Budget raised 650% in 8 years, says PM Modi

PM Modi made the remarks while inaugurating the Rs 6,062.45-crore 'Raising and Accelerating MSME Performance' (RAMP) scheme for MSMEs at the 'Udyami Bharat' programme

Defence Ministry earmarks 25% of domestic capital procurement budget for private industry to promote start-ups

A Defence Ministry release said that it has also been decided that an amount of Rs 1,500 crore will be earmarked for procurement from start-ups from within the allocations for domestic capital procurement

India achieves highest ever goods export target of $400 billion; PM Modi lauds key milestone

Modi posted a graphics of India achieving the highest ever exports target nine days ahead of the intended deadline.

Impending COVID-19 third wave, shifting regulatory landscape leave small and micro businesses facing uncertainty

A moratorium during the first wave helped lenders and borrowers at least temporarily ward off financial stress, but this benefit was not available to them in the second wave

How India's Northeast can be a zone of sustainable industrial development

In the last two decades, economic growth in the Northeast has been satisfactory with an annual growth rate in excess of 8 percent.

PM urges banks to support wealth and job creators, work proactively to improve India's balance sheet

The prime minister also said that the recently set up National Asset Reconstruction Co (NARCL) would help resolve Rs 2 lakh crore of stressed assets

Centre revises MSMEs guidelines, to include retail and wholesale trade under sector; key points

Minister of Micro, Small and Medium Enterprise and Road Transport and Highways Nitin Gadkari said that the revised guidelines will benefit 2.5 crore retail and wholesale traders

Nirmala Sitharaman announces economic package for MSMEs, raises credit line limit to Rs 4.5 lakh cr

The finance minister announced widening of the Emergency Credit Line Guarantee Scheme under which collateral-free loans are given to MSMEs. A new scheme will give up to Rs 1.25 lakh loan to 25 lakh small borrowers at lower interest rates