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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 last till January 6, 2020. The banks are provide working capital for these MSMEs and ..
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, Bhutan, China, Egypt, Hong Kong, Indonesia are participating in the 14-day Trade Fair. This year ..
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 with technology is fiscally draining and this problem is even more severe for the Micro, ..
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 opportunities across the world and have been identified as a major driver of poverty alleviation ..
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 leadership of former SEBI Chairman UK Sinha to review the current framework for the MSME ..
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 30% reservation for women entrepreneurs. The scheme will be implemented on the lines of the ..
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 a competitive rate through an auction where multiple registered financiers can participate. In addition to ..
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 is to address key challenges faced by MSMEs with the core objective of making their ..