Restructuring and loan drive for MSMEs

The state owned public sector banks are to hold a month long drive to provide relief to the small businesses (MSMEs) through loans and restructuring options. The outreach program was launched by the central government in December and is to ..

39th edition of India International Trade Fair begins

The 39th India International Trade Fair will be inaugurated by Union Minister of Micro, Small and Medium Enterprises Nitin Gadkari. The theme for this year is ‘Ease of Doing Business’ Several countries, including Australia, Iran, the UK, Vietnam, Bahrain, Bangladesh, ..

What is the recently launched Credit linked Capital Subsidy Scheme (CLCSS) for MSMEs?

The Indian Government has decided to extend a special Credit Linked Capital Subsidy Scheme (CLCSS) for Technology Upgradation to the MSMEs. This money is to be utilized for the Technology Upgradation. The Indian Government relaizes that the equipping a business ..

2019 edition of UN MSME Day

The United Nations’s Micro, Small and Medium-sized Enterprises Day (MSME) Day is observed every year on 27 June to raise public awareness of their contribution to sustainable development. These types of enterprises are responsible for significant employment and income generation ..

UK Sinha RBI committee to study current framework for MSMEs

The Reserve Bank of India (RBI) has set up an 8-member expert committee on Micro, Small and Medium Enterprises (MSMEs) to suggest long-term solutions for the economic and financial sustainability of the MSMEs. This committee is set up under the ..

Maharashtra government to launch Chief Minister’s Employment Generation Programme for MSMEs

The Maharashtra government has decided to launch the Chief Minister’s Employment Generation Programme for Micro, Small and Medium Enterprises (MSMEs), which will create 10 lakh jobs in the next five years. The flagship programme of the Industries Department will have ..

Bank of Maharashtra partners with M1Xchange TReDS platform for MSME bill discounting

On April 17, Bank of Maharashtra (BoM) has partnered with M1Xchange Trade Receivables Discounting System (TReDS) platform for MSME bill discounting. TReDS is a digital platform to support Micro, Small and Medium Enterprises (MSMEs) to get their bills financed at ..

Telangana government unveiled its Digital portal for MSMEs

Telangana government has launched a digital business networking portal for MSMEs – Telangana State GlobalLinker “ts-msme.globallinker.com”. This networking portal will digitise over 2.3 million MSMEs of the State which would connect them to the global economy. The motive behind this ..

Month: Current Affairs - December, 2020

NFDC declared as winner under Miniratna Category by Ministry of MSME for exemplary work amongst CPSEs for promotion of SC/ST entrepreneurs

The National Film Development Corporation of India (NFDC) has been selected as winner under the Miniratna Category by Ministry of Micro, Small and Medium Enterprises (MSME). This has been done as part of endeavor by Ministry of MSME to felicitate ..

U K Sinha head of RBI panel on MSME revival

The Reserve Bank of India (RBI) has appointed an 8-member expert committee headed by former SEBI chairman U.K. Sinha to comprehensively review and propose long-term solutions for the economic and financial sustainability of the Micro, Small and Medium Enterprises (MSME) ..