Union minister Piyush Goyal on Monday said that large companies must take responsibility to handhold MSMEs, help them adopt best practices and integrate them into the supply chain ecosystem. He was speaking at the fourth Plenary Session of the B20 India Inception Meeting on Building Resilient Global Value Chains in […]
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PM Modi: MSMEs one-third of India’s economy, Budget raised 650 pc in 8 yrs
Prime Minister Narendra Modi on Thursday said India’s micro, small and medium enterprises are a huge pillar of growth journey, as they together account for almost one-third of the country’s economy. “When we say MSME, it expands in technical language to Micro Small and Medium Enterprises. But these micro, small […]
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MSMEs entering defence sector to help country become self-reliant: PM Modi
Prime Minister Narendra Modi on Tuesday said that the Small and Medium Enterprises (MSME) sector has benefited the most from the Aatmanirbhar Bharat package as is evident from the fact that MSMEs are coming forward to enter the defence sector. “In Uttar Pradesh and Tamil Nadu, defence corridors are being […]
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Rahul Gandhi : Modi govt’s ‘zero sum budget’ has nothing for poor, farmers, MSMEs
Congress leader Rahul Gandhi Tuesday slammed the Centre over the Union Budget and said that it does not have anything for the salaried class, middle class, poor, youth, farmers and MSMEs. “M0di G0vernment’s Zer0 Sum Budget! Nothing for–Salaried class–Middle class–The poor and deprived–Youth–Farmers–MSMEs,” tweeted Rahul Gandhi. Union Finance Minister Nirmala Sitharaman on […]
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Piyush Goyal appeals to industry to prepay MSMEs for their services to boost employment
Commerce and Industry Minister Piyush Goyal on Wednesday asked industry bodies to prepay Medium, Small, and Micro Enterprises (MSME) to safeguard their viability and to boost employment and growth. He was interacting with the leaders of major industry bodies virtually from New Delhi. The meeting was called to seek their […]
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PM Modi calls inclusion of retail, wholesale trade as MSMEs ‘landmark’ step, says committed to empowering traders
After the Central government announced revised guidelines for MSMEs with the inclusion of Retail and Wholesale trades as MSMEs, Prime Minister Narendra Modi on Saturday termed it a “landmark” step and said that the move would help boost traders business and would also give them various benefits. “Our government has taken a […]
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Govts should support businesses, especially MSMEs: Jaishankar
External Affairs Minister (EAM) S Jaishankar on Friday said that governments should support the businesses in their countries, specifically the MSMEs (Micro, Small and Medium Enterprises). Speaking at the Asia Economic Dialogue 2021, Jaishankar said, “People expect today the government to bat for them. It is not just the business of Indian diplomacy to do […]
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Manufacturing, MSMEs spearheading economic growth: RBI Governor Das
The manufacturing sector and micro, small and medium enterprises (MSME) are spearheading economic growth in the country after the outbreak of Covid-19 while many contact-intensive services sub-sectors remain severely affected by the crisis, RBI Governor Shaktikanta Das said on Thursday. However, the recent government initiatives under AatmaNirbhar Bharat Abhiyaan and Union Budget 2021-22 towards developing a vibrant manufacturing sector and infrastructure acknowledges strong linkages […]
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Public banks disburse ₹16k-cr in emergency loans to MSMEs
State-run banks have disbursed half the ₹32,050 crore loan they sanctioned to small businesses as of June 12 under the ₹3 lakh crore collateral-free emergency credit guarantee scheme launched in May to boost micro, small and medium enterprises (MSMEs) hit by the Covid-19 pandemic and subsequent lockdown. “As of 12 […]
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MSMEs to get Rs 3 lakh crore credit guarantee facility under Aatmanirbhar Bharat Abhiyan
Union Minister for Commerce and Industry Piyush Goyal has said that the Rs 3 lakh crore credit guarantee facility extended to the micro, small and medium enterprises (MSMEs) under the Aatmanirbhar Bharat Abhiyan (Self-reliant India Initiative), a Rs 20 lakh crore relief package recently announced by the government to ease […]
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Export units may tap credit facility offered to MSMEs
Export units, trading firms and hospitality ventures may also tap the ₹3 lakh crore credit facility offered to micro, small and medium enterprise (MSMEs) under the recent economic stimulus package even if they are not registered as MSMEs, but meet the eligibility criteria, two government officials said, requesting anonymity. The […]