Empowering MSMEs with News & Insights

Announcements for MSME sector: Highlights

Updated: Jul 05, 2019 06:14:49am
image

    ----  50 crore rupees allocated for 2% interest subvention for all GST-registered MSMEs on fresh or incremental loans
    ----  Payment platform for MSMEs to be created
    ----  A Payment Platform for MSMEs where they can upload the bills and process payment
    ----  Payment timing for MSMEs from Large Companies to be brought down
    ----  Pension benefit to be extended to around 3 crore retail traders and shopkeepers with an annual turnover less than 1.5 crores under Pradhan Mantri Karam Yogi Man Dhan Scheme
    ----  Loans up to Rs 1 crore for MSMEs within 59 minutes
    ----  Retail Investors to get access to invest in Government Securities / Treasury Bills
    ----  Existing Know Your Customer norms for Foreign Portfolio Investors to be rationalized and simplified, to make it more investor-friendly
    ----  Relaxation of KYC norms will better harness FPI investments
    ----  Local sourcing norms will be relaxed for FDI
    ----  Credit Guarantee Enhancement Corporation will be set up in 2019-20, action plan to deepen markets for long-term bonds with specific focus on infra sector to be put in place
    ----  Need to invest heavily in infra, digital eco & job creation in MSMEs

 

COMMENTS

    Be first to give your comments.

LEAVE A REPLY

Required fields are marked *