Empowering MSMEs with News & Insights

Latest News

Falling rupee will impact India's intra industry trade

Falling rupee will impact India's intra industry…

New Delhi, Jul 13 (KNN) Since import contents in Indian exports have been more than 20 per cent in the recent times, rupee depreciation will affect Indian…
Half the industrial segments show negative growth

Half the industrial segments show negative growth

New Delhi, Jul 12 (KNN)  Industrial production during May dropped by 1.6 per cent with several sectors showing a huge drop in production, reflecting a…
There is no limit for the growth of cottage industry: Textile Minister

There is no limit for the growth…

New Delhi, Jul 12 (KNN) The scope for growth of the cottage industry is unlimited, if the government simplifies procedures, takes decisions quickly without…
Credit offtake in MSEs better than medium scale firms

Credit offtake in MSEs better than medium…

Mumbai, Jul 12 (KNN) The micro and small enterprises are better off in terms of deployment of gross bank credit as compared to the large and medium enterprises,…
India's exports decline by 4.36 per cent in June

India's exports decline by 4.36 per cent…

New Delhi, Jul 12 (KNN)  India’s exports, to which MSMEs contribute as much as 40 per cent, declined by 4.56 per cent in June owing to worsening…
Odisha Entrepreneurship Development Policy in the making

Odisha Entrepreneurship Development Policy in the making

Bhubaneswar, Jul 12 (KNN) With a target of producing 10,000 entrepreneurs at the grassroots level during the current year, the Department of Micro, Small and…
Coming soon: SMS portal to cater to 12 crore farmers

Coming soon: SMS portal to cater to…

New Delhi, Jul 12 (KNN)  The Kisaan SMS Portal to provide information, advisories and services to 12 crore farmers across the country will be launched…
Engineering exports in trouble

Engineering exports in trouble

New Delhi, Jul 12 (KNN) Continuous economic turmoil in the European economies and no pick-up in North America may cast shadow over India’s annual target…
Price hike of natural rubber worries industry

Price hike of natural rubber worries industry

Kochi, Jul 11 (KNN)  The SME sector is very concerned over the sudden steep rise in the price of natural rubber from Rs 179 to Rs 192 over the course…
Banks issue 70,000 credit cards and sanction loan worth Rs 210 crore for handloom weavers

Banks issue 70,000 credit cards and sanction…

New Delhi, Jul 11 (KNN)  When Union textiles Minister met heads of major banks to raise the issue of subsidized credit to handloom weavers today, he was…
Cable operators ask TRAI for more time to file KYC forms

Cable operators ask TRAI for more time…

New Delhi, Jul 11 (KNN)  Cable operators in Delhi, Mumbai and Kolkata have appealed to the Telecom Regulation Authority of India (TRAI) for more time…
Textiles Minister reviews wool and carpet sectors

Textiles Minister reviews wool and carpet sectors

New Delhi, Jul 11 (KNN) In order to prepare a road map to increase woollen and carpet exports, the Ministry of Textiles has reviewed both the sectors which…
National Manufacturing Policy yet to take off; industry upset

National Manufacturing Policy yet to take off;…

New Delhi, Jul 11 (KNN)  The much talked about National Manufacturing Policy envisaging an increasing share of manufacturing in India’s GDP to 25…
Indian steel to be subjected to EU anti-dumping duties

Indian steel to be subjected to EU…

New Delhi, Jul 11 (KNN)  An apex body of European steel makers, Eurofer is planning to initiate anti-dumping and subsidy countervailing cases against…
Commerce Ministry seeks RBI's assistance to boost exports

Commerce Ministry seeks RBI's assistance to boost…

New Delhi, Jul 10 (KNN)  In order to enhance shipments from the country, the Commerce Ministry has urged the Reserve Bank of India (RBI) to liberalise…
Action plan to boost textiles in the offing

Action plan to boost textiles in the…

New Delhi, Jul 10 (KNN)   The government plans to come out with an action plan to improve the textile sector and ramp up manufacturing in order…
Banks' move to shame guarantors will harm small businesses

Banks' move to shame guarantors will harm…

New Delhi, Jul 10 (KNN)  Small businesses will find it even more difficult to get credit from banks because the lenders have now decided to name and shame…
NSFDC - playing an important role in economic development of target group

NSFDC - playing an important role in…

New Delhi, Jul 10 (KNN)  The Ministry of Social Justice and Empowerment is implementing a number of schemes for development of Scheduled Castes and National…
Tata Communications launches application for video conferencing

Tata Communications launches application for video conferencing

New Delhi, Jul 10 (KNN)  Tata Communications recently launched jamvee conferencing, a multi-device compatible cloud-based video conferencing service that…
371 unauthorized colonies get facelift by DSIIDC

371 unauthorized colonies get facelift by DSIIDC

New Delhi, Jul 10 (KNN)  In order to improve the basic infrastructure across the city, DSIIDC has constructed about 800 km of roads and 1,500 km…