MSME

Indian Enterprise Development Services to be created

December 21, 2016

The Union government has approved the formation of a new service in the name of Indian Enterprise Development Services (IEDS). IEDS will be created as a new service in the Office of Development Commissioner, Ministry of Micro, Small and Medium Enterprises (MSME). IEDS will have a cadre strength of...

India signs $5.19 million grant agreement with IBRD for MSMEs

December 15, 2016

India has signed a Global Environment Facility (GEF) Grant of USD 5.19 Million for “Additional Financing for Financing Energy Efficiency at MSMEs Project- Programmatic Framework for Energy Efficiency” with International Bank for Reconstruction and Development (IBRD) for financing energy efficiency at micro, small and medium enterprises (MSMEs) project. The parent project...

Priority Sector Lending

March 16, 2015

Priority sector was first properly defined in 1972, after the National Credit Council emphasized that there should be a larger involvement of the commercial banks in the priority sector. The sector was then defined by Dr. K S Krishnaswamy Committee. Objective of Priority Sector Targets The overall objective of priority sector...

MUDRA Bank

March 9, 2015

In the Budget of 2015-16, the government proposed creation of a Micro Units Development Refinance Agency titled MUDRA Bank. Some of its features are as follows: The bank will be built with a corpus of Rs. 20,000 crores and a credit guarantee corpus of Rs. 3,000 crore. Mudra will...

Re-vitalizing the MSMEs

March 1, 2015

What is the significance and contribution of MSMEs in Indian economic growth? What are hurdles to its development and the initiatives of GOI to revamp the industry?

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