Empowering MSMEs with News & Insights

Latest News

Banks in Bhopal shifting focus from agriculture to MSME under annual credit plan; facilitated 122% credit to MSMEs

Banks in Bhopal shifting focus from agriculture…

New Delhi, May 29 (KNN) Under annual credit plan, Banks in Bhopal have facilitated 122 percent credit to MSME sector against the set target. The focus of…

Handlooms, Handicraft, Leather, Marine, Sports Goods and Toys sectors provided duty free entitlements

Handlooms, Handicraft, Leather, Marine, Sports Goods and…

New Delhi, May 29 (KNN) The labour intensive sectors which are mostly  micro, small and medium enterprises (MSMEs) like Handloom, Handicraft, Leather,…

Time for task force to review Income Tax Law 1961 and draft New Direct Tax Law extended

Time for task force to review Income…

New Delhi, May 29 (KNN) The term of the Task Force constituted to review the existing Income-tax Act, 1961 & to draft a New Direct Tax Law in consonance…

No change in the GST law and taxation relating to farmers since July, 2017, clarifies Finance Ministry

No change in the GST law and…

New Delhi, May 29 (KNN) There has been no change in the Goods & Services Tax (GST) law and taxation related to farmers, clarified the Ministry of Finance.

Muslin Products in high demand at Biswa Bangla outlets

Muslin Products in high demand at Biswa…

New Delhi, May 28 (KNN) The sale of muslin products at Biswa Bangla outlets in Bengal and Delhi has been rising steadily. The Royal hand-made fabric is…

CAIT files objection petition against Walmart-Flipkart deal at CCI

CAIT files objection petition against Walmart-Flipkart deal…

New Delhi, May 28 (KNN) The Confederation of All India Traders (CAIT) has filed an objection petition at Competition Commission of India (CCI) against the…

Cashew Industry of Kollam district facing crisis due to price disparity of raw material, less incentives for exports: KSCDC

Cashew Industry of Kollam district facing crisis…

New Delhi, May 28 (KNN) The Cashew industry in Kollam district of Kerala has been facing severe crisis from past few months which has led to closure of…

Aye Finance disburses 60,000 loans worth INR 700 crores to MSMEs

Aye Finance disburses 60,000 loans worth INR…

New Delhi, May 28 (KNN) The Gurgaon-based Micro, Small and Medium Enterprises (MSME) lender Aye Finance has disbursed 60,000 loans to the sector till date,…

India’s growth story continues to be region specific if the credit release is any indication

India’s growth story continues to be region…

New Delhi, May 28 (KNN) India’s much hyped growth story is limited to some regions and may be completely unknown in populous states like Uttar Pradesh.

NITI Aayog set to open a window of public data for startups via a portal to promote innovation

NITI Aayog set to open a window…

New Delhi, May 28 (KNN) To promote startups in the country and facilitate them, NITI Aayog will soon launch a new portal that will open the floodgate of…

Apparel exporters meet Piyush Goyal over delays in GST refund and in disbursal of Rebate on State Levies dues

Apparel exporters meet Piyush Goyal over delays…

New Delhi, May 28 (KNN) The country’s apparel exporters reached out to Finance Minister Piyush Goyal seeking intervention to resolve their issues…

Food Processing industry to collaborate with international labs: Badal

Food Processing industry to collaborate with international…

New Delhi, May 28 (KNN) Union Minister of Food Processing Industries Harsimrat Kaur Badal has said that the Ministry will collaborate with multiple international…

Govt has created lots of jobs by developing MSMEs: Giriraj Singh

Govt has created lots of jobs by…

Surat, May 28 (KNN) Prime Minister Narendra Modi led NDA Government gives lot of importance to the micro, small and medium enterprises (MSME) sector, said…

ICICI Bank offers InstaOD facility to MSME, sanctioned amount up to Rs 15 lakh

ICICI Bank offers InstaOD facility to MSME,…

New Delhi, May 28 (KNN) ICICI Bank is offering its MSME (micro, small and medium enterprises) customers an overdraft of up to Rs 15 lakh through InstaOD…

FOSMI to conduct handhold training on E-way bill mechanism for MSMEs

FOSMI to conduct handhold training on E-way…

New Delhi, May 26 (KNN) Country-wide roll out of E-way bill for moving goods within state will become mandatory from June 3, 2018. In wake of this, Federation…

Rationale for treating MSME promoters differs from promoters of larger cos: IBBI Chairman

Rationale for treating MSME promoters differs from…

New Delhi, May 26 (KNN) Commenting over the recent proposed amendment in the IBC, Insolvency and Bankruptcy Board of India (IBBI) Chairman MS Sahoo has…

Government raises custom duty on wheat from 20% to 30% to curb cheaper imports

Government raises custom duty on wheat from…

New Delhi, May 26 (KNN) In a bid to curb cheaper imports and protect domestic growers, the government has raised the custom duty on wheat from 20% to 30%.

NBFC-MFIs witness 40% YoY increase in equity investments: MFIN Report

NBFC-MFIs witness 40% YoY increase in equity…

New Delhi, May 26 (KNN) The Non-Banking Finance Company-Microfinance Institutions (NBFC-MFIs) have witnessed a growth of 40% in equity investment in FY…

Govt promises to bring industry friendly measures in Puducherry

Govt promises to bring industry friendly measures…

New Delhi, May 26 (KNN) Minister of Labor, Employment and Pollution Control Board M. Kandasamy has promised the industries in Puducherry region to extend…

Huge opportunities for MSMEs in Defence Sector: HAL

Huge opportunities for MSMEs in Defence Sector:…

New Delhi, May 26 (KNN) The public sector undertakings and private partners should come together and collaborate to meet the security challenges of the…