Over 11 lakh MSMEs have registered on the new online system of Udyam Registration launched in July, the government said on Saturday. Out of these, 3.72 lakh enterprises have registered under the manufacturing category whereas 6.31 lakh enterprises under service sector.

On Tuesday, Paytm waived off all charges on merchant transactions. The digital financial services platform has enabled merchant partners to accept payments from Paytm wallet, UPI apps and RuPay cards at zero charges. Paytm will absorb Rs 600 crore in MDR

The Technology Information, Forecasting and Assessment Council (TIFAC), a think-tank under the Department of Science and Technology, launched a job portal for mapping the skills of workers as per requirements of MSMEs and a seaweed cultivation mission. The job portal is

In response to the economic inconvenience caused by the second wave of the COVID-19 epidemic, the Union Finance Ministry extended the validity of the Emergency Credit Line Guarantee Scheme (ECLGS) for MSMEs on Sunday. According to the government's press release "The

The United States Agency for International Development (USAID) and the US International Development Finance Corporation (DFC) has yesterday declared that they will mutually endorse a $50 million loan guaranty fund to Kotak Mahindra Bank (KMBL) to facilitate in financing women borrowers/entrepreneurs

The largest private-sector bank in India, HDFC Bank, has inked a Memorandum of Understanding (MoU) with the National Small Industries Corporation (NSIC) to provide lending support to MSMEs in India. HDFC Bank will offer a series of uniquely customised schemes to

Except for a few in select sectors, many will reach the pre-Covid revenue mark: Crisil report

Event to unleash the growth potential of the sector; discussions to spark ideas

Claims of non-MSME exporters not to be entertained beyond June 30, 2024, says DGFT

The government plans to set up incubation centres and is formulating a virtual workplace policy with incentives for people who set up workplaces, says Kondapalli Srinivas

The SIDBI shall provide financial assistance to all MSMEs under its various schemes, identify better marketing strategies and increase their opportunities, says O. Anand

Increase disbursements in ground-level agriculture, focus on asset quality, boost digital and mobile banking service to further enhance financial inclusion: FM to PSU banks, RRBs

Monitoring spot and future prices, hedging, and greater adoption of digital transactions will help them pare the risk

This is the first time the RSS wing will co-host the biennial event, organised by an autonomous State government body; MoU will help develop Rajasthan’s stone industry at global level, says Industries Minister

To support the estimated 63 million MSMEs which have been battered by the pandemic, CII has suggested a credit protection scheme for MSMEs whereby 60-70% of the loan should be guaranteed by the government, i.e. if the borrower defaults, government should

To support the estimated 63 million MSMEs which have been battered by the pandemic, CII has suggested a credit protection scheme for MSMEs whereby 60-70% of the loan should be guaranteed by the government, i.e. if the borrower defaults, government should

Generation of employment and attracting foreign investment are the two mainstays of UP government’s decision to suspend a majority of its labour laws for the next three years.

AIMO has requested the government to look at protecting the elders and senior citizens of the country and allow the working class to return to their livelihoods, by introducing a citizen risk assessment module.

The extent to which banks are using data to lend to SMEs can grow dramatically as almost every bank is working towards this initiative as there is a big opportunity, said the SBI chairman.

Ease of Doing Business for MSMEs: Retailers, architects, town planners have suggested Nitin Gadkari to allow malls resume operations, e-commerce operations for non-essential items, relief in rentals for retailers, extend moratorium period to nine months and more.

Will extra taxes on fuel and alcohol be used to bring relief to the economy?

Currently, banks are offering an extra line of credit of 10 per cent based on working capital limits, which the government intends to increase further.

Recently hour Hon.FM have increased limit from 1 cr to 5 cr for auditing of MSME. Can some give official notification or circular @ arpangoenka @ gmail.com

Recently hour Hon.FM have increased limit from 1 cr to 5 cr for auditing of MSME. Can some give official notification or circular @ arpangoenka @ gmail.com

Our Hon. FM have announced of increasing threshold limit for auditing for msme from 1cr to 5 cr. We are unable to get official notification. Pls give link. arpangoenka @ gmail.com

Recently our FM announce increase of limit from 1cr to 5 cr for msme ( auditing ). Can somebody pls give official notification for confirmation. Pls email at arpangoenka@gmail.com

Our Hon. FM have announced of increasing threshold limit for auditing for msme from 1cr to 5 cr. We are unable to get official notification. Pls give link. my email id arpangoenka@gmail.com

As part of a stimulus package for the coronavirus-hit economy, the government is working on a credit guarantee scheme to enable banks to provide additional 10-15 per cent working capital to MSMEs for payment of wages, sources said. Currently, banks are offering an extra line of credit of 10 per cent based on working capital limits, which the government intends to increase further. Since units are closed due to lockdown and there has been no operation for the past two months, most micro, small and medium enterprises (MSMEs) do not have money for paying wages and financial assistance for them is under consideration of the government, the sources said. One of the proposals under consideration is to provide 10-15 per cent additional line of credit by banks over the working capital limit of the MSME sector, which is the largest employer in the country after agriculture. This loan, especially for wage payment, will be backed by a proposed credit guarantee fund so that lenders' money is ...

To revive industrial activities in the state and give boost to medium small and micro enterprises (MSME) Units, Haryana chief minister Manohar Lal Khattar on Saturday announced to intensify the state government's efforts of setting up specialised industries in all its 22 districts.

Several micro, small and medium-scale enterprises (MSMEs) in Coimbatore Corporation limits are expected to start operations on Monday. “The order issu

Request for registering retailers, construction professionals as MSMEs to be examined: Gadkari

Centre plans to raise the total borrowings to ₹12 lakh crore this fiscal

The combined effect of sections 143 and 143A would mean that, not only the Drawee can impress and urge upon the trial court to expect a speedy trial, but also to grant an interim compensation of 20 per cent of amount of cheque as a partial recovery.

Trademark serves as defence mechanism to protect an MSME’s brand from loss of reputation, retaining a good trustworthy relationship with your existing and potential customers.

The secret sauce behind happy customers is to have happy team members. You cannot create happiness on the outside if your organization is not happy on the inside.

The Ministry of MSME, therefore, offers the Assistance to Training Institutions Scheme for providing financial aid to institutions to impart entrepreneurship development programs.

The digital repository that is being launched could include a list of tools such as automated accounting, tax reconciliation, cloud services, cyber security, video conferencing, online meetings available free to MSMEs for a limited period of time.

Besides rental waivers on select plans for micro, small and medium enterprises, the telcos will help manage their bandwidth needs and offer customised digital tools to boost their web presence.

The plan, which has been in the works for months, is likely to be part of the stimulus package.

It further said that although 2020 is a lost year, in terms of trade, India can think long-term and build relations so that it can occupy the space vacated by China.

The minister said the position of MSMEs was "worst" as they were now engaged in a "battle for their survival".

Credit bureau Trans-Union Cibil has said that two out of three MSMEs entered this lockdown with structurally strong positions.

The Ministry of MSMEs offers the International Cooperation Scheme which helps fund MSMEs to participate in international exhibitions and events to get access to the latest in technology.

MSMEs need easy credit facilities to fulfil the financial requirements of their business. The DCE's Credit Guarantee Scheme provides easy, collateral free credit facilities to MSMEs.

Equipping the business with cutting-edge technology is essential to ensure you stay competitive in today’s industrial environment.

Making products meet international standards requires ISO Certifications, but getting it is an expensive affair. To get around this, the government provides reimbursement to SMEs seeking ISO 9000/ISO 14001Certification.