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SBI raises penal interest from 2% to 5%, a big jolt for MSMEs

SBI raises penal interest from 2% to…

New Delhi, July 22 (KNN) The State Bank of India has raised the penal interest from 2% to 5% in case of non-adherence to agreed terms & conditions including…

AP govt allocates Rs 200 crore in its Budget for infrastructure development of MSMEs

AP govt allocates Rs 200 crore in…

Amaravati, July 12 (KNN) Andhra Pradesh Finance Minister Buggana Rajendranath Reddy presented the YSRCP government's maiden Budget in the Legislative…

Indian garments makers flag concerns over rising imports from Bangladesh

Indian garments makers flag concerns over rising…

New Delhi, July 11 (KNN) A huge jump in duty free garment imports from Bangladesh under the free trade agreement has put the domestic industry under stress.…

PM Modi’s employment incentive scheme becomes millstone around neck of MSMEs

PM Modi’s employment incentive scheme becomes millstone…

New Delhi, July 10 (KNN) To bring down high cost of social security and encourage employers to employ new workers, Prime Minister Rojgar Protsahan Yojna…

Payment Platform for MSMEs announced in Budget - a path breaking initiative: FISME

Payment Platform for MSMEs announced in Budget…

New Delhi, July 8 (KNN) One of the major announcements in the Union Budget (2019-20) has been setting up of a new Payment platform for Micro, Small &…

Mumbai MSMEs facing tough time doing business due to heavy rains

Mumbai MSMEs facing tough time doing business…

Mumbai, July 8 (KNN) With the onset of monsoon in Mumbai, conducting day to day economic activities has become a biggest challenge in the state. Heavy rains…

Reactions of MSME Associations from across India on Budget

Reactions of MSME Associations from across India…

New Delhi, July 5 (KNN) There were several announcements made in the Union Budget 2019-20 for the micro, small and medium enterprises (MSME) sector. The…

Announcements for MSME sector: Highlights

Announcements for MSME sector: Highlights

    ----  50 crore rupees allocated for 2% interest subvention for all GST-registered MSMEs on fresh or incremental loans
    ---- …

RBI Committee on MSMEs: Major Recommendations

RBI Committee on MSMEs: Major Recommendations

New Delhi, June 25 (KNN) The ‘Expert Committee on Micro, Small and Medium Enterprises’ set up by Reserve Bank of India (RBI) has made wide ranging…

RBI Committee report on MSMEs recommends PM led National Council for MSMEs, rejig of MSMED Act

RBI Committee report on MSMEs recommends PM…

New Delhi, June 25 (KNN) The Report of the ‘Expert Committee on Micro, Small and Medium Enterprises’ has been released.

The Committee…

Neglected cycle industry to perish in few years: Ludhiana MSMEs

Neglected cycle industry to perish in few…

Ludhiana, June 25 (KNN) The renowned Ludhiana bi-cycle industry which is home to over 1500 factories making bicycles and components, providing employment…

UP Govt's ODOP scheme has not affected Meerut sports goods MSMEs; they cry of lagging behind

UP Govt's ODOP scheme has not affected…

Meerut, June 24 (KNN) Meerut which is referred to as one of the biggest iconic sports goods market all over the world is unaffected by the government run…

Massive export goods pileup up after 100% inspection order of Revenue department to check evasion of IGST

Massive export goods pileup up after 100%…

New Delhi, June 20 (KNN) A large number  of export consignments have piled up pending ‘100% inspection’ after a new directive to field…

Chennai MSMEs flooded with Water Crisis

Chennai MSMEs flooded with Water Crisis

New Delhi, 20 June (KNN) As Chennai is going through water crisis this summer, the Micro, Small and Medium Enterprises (MSMEs) and industries are dealing…

Commerce Minister consults Traders and MSME bodies on e-commerce

Commerce Minister consults Traders and MSME bodies…

New Delhi, June 19 (KNN) Amidst the rising heat on e-commerce policy, Commerce Minister Pyush Goyal met the trade and MSME…

Kannauj MSMEs into Perfume manufacturing criticizes UP Govt over poor implementation of ODOP scheme

Kannauj MSMEs into Perfume manufacturing criticizes UP…

Kannauj, June 19 (KNN) Hit by rising costs of raw materials and Good & Services Tax (GST), the industry is seeing a downturn, says Om Prakash Pathak,…

Hindon river pollution: Not only industries, every one of us is a polluter: MSME entrepreneur

Hindon river pollution: Not only industries, every…

Ghaziabad, June 18 (KNN) The deteriorating quality of water of Hindon River in Western Uttar Pradesh has become a matter of grave concern today as many…

Through Budget, MSMEs seek redressal of liquidity crunch and contraction in their markets: FISME President

Through Budget, MSMEs seek redressal of liquidity…

New Delhi, June 13 (KNN) To bring fiscal reforms to check liquidity crisis faced by the Micro Small and Medium Enterprises (MSMEs), the Federation of Indian…

FISME takes up key recommendations from MSME sector to Finance Minister for Budget (Video)

FISME takes up key recommendations from MSME…

New Delhi, June 12 (KNN) Plagued with various issues related to availability of timely credit, Non-Performing Assets (NPAs) and limited access to markets,…

MSMEs and the Union Budget 2019-20

MSMEs and the Union Budget 2019-20

By Yerram Raju*

The time is ripe for expectations on a few counts: The first time Woman FM would be compassionate; since she combines in…

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