New Delhi, Feb 1 (IANS) The government on Wednesday announced to set up DigiLockers for the micro, small and medium enterprises (MSMEs), large businesses and charitable trusts. Fintech services in India have already been facilitated by the digital public infrastructure including
New Delhi, Aug 24 (IANS) Nearly 80 per cent of the Small and Medium Enterprises (SMEs) expect an increase in their domestic orderbook in the third quarter of calendar year, sequential improvement of five percentage points from the second quarter. As
New Delhi, Feb 1 (IANS) The outlay for capex has been significantly enhanced by 35 per cent from Rs 5.5 lakh crore to Rs 7.5 lakh crore in the Union Budget, which is more than double the levels in FY20. This
New Delhi, Sep 29 The government has extended, till March 31, 2022, the Emergency Credit Line Guarantee Scheme (ECLGS) to support liquidity needs of small and medium businesses impacted by the second wave of Covid-19 pandemic. Since its launch, the ECGLS
New Delhi, Sep 14 The gross non-performing assets (GNPAs) of banks are expected to cross Rs 10 lakh crore by March 2022, a ASSOCHAM-Crisil joint study had said. “NPAs are expected to rise to 8.5-9 per cent by March 2022,
Lucknow, Sep 12 (IANS) The Yogi Adityanath government in Uttar Pradesh has now planned to launch its products under the ODOP (One District One Product) scheme in the international market. Additional Chief Secretary, MSME, Navneet Sehgal, said, “We are now planning
New Delhi, Sep 11 Global aerospace giant Boeing has maintained the momentum of sourcing from India by going in for deep localisation as well as growing supplier base which caters to its international supply chains. Accordingly, despite challenges posed by
New Delhi, Aug 20 Supported by competitive and cutting-edge technology, the Micro, Small, and Medium Enterprises (MSME) will be the foundation for bigger industries in India, Union Minister Jitendra Singh said on Thursday. “New business enterprises are heavily dependent on scientific
The Government of India simplified the process of registration of MSMEs by replacing the Udyog Aadhaar Memorandum (UAM) with Udyam Registration (UR) on 1st July 2020. UR is free of cost, transparent, online, hassle free and is based on self-declaration.
National Small Industries Corporation, a PSU under the Ministry of MSME has a B2B MSME Global Mart Portal and efforts have been made to further strengthen activities under it. The salient features of the portal include online registration, web store
New Delhi, June 28 Vedanta Limited, Indias leading producer of metals and oil & gas, has rolled out an attractive promotional scheme for Micro, Small and Medium Enterprises (MSMEs) in the manufacturing industry in celebration of the World MSME Week.
Chandigarh, June 26 Haryana Chief Minister Manohar Lal Khattar on Friday said that his government is focusing to boost micro, small and medium enterprises (MSMEs) and is working towards developing the state as a pharmaceutical hub. Presiding over a meeting
Mumbai, June 20 The Finance Industry Development Council (FIDC) has urged the Ministry of Micro, Small & Medium Enterprises (MSME) to address issues faced by MSME borrowers and the NBFCs catering to these enterprises. The industry body of retail NBFCs had
New Delhi, May 19 IDBI Bank Limited has launched a fully digitised, end-to-end, Loan Processing System (LPS) for its MSME and Agri. products. This new loan processing system seamlessly integrates with data fintechs, bureau validations, document storage/retrieval, account opening/management, customer
New Delhi, May 11 The government has proposed to slash import duties on steel items further bringing it to zero or near zero levels to provide relief to MSMEs, which have been hit hard by the high cost of raw
New Delhi, April 28 The Centre has been taking all necessary measures to spread awareness on the significance of intellectual property rights in protecting and monetizing their creative inventions, a senior official said on Wednesday. Addressing a webinar on ‘From
New Delhi, March 9 Jio Business has introduced an integrated offering for micro, small and medium businesses (MSMBs). This is based on the three key pillars of Enterprise-Grade Fiber Connectivity that offers voice and data services, Digital Solutions that help
Lucknow, Dec 30 Loans disbursed to the MSME sector have doubled during the rule of BJP government led by Chief Minister Yogi Adityanath, compared with the earlier Akhilesh Yadav-led dispensation, a government spokesperson said on Wednesday. The spokesperson said that
New Delhi, Dec 10 Amazon.in and CII have signed a Memorandum of Understanding (MoU) to bring the benefits of ecommerce to micro small and medium enterprises (MSMEs) in 10 states across India. In a statement, Amazon India said, along with
New Delhi, Nov 2 The Centre has extended the Emergency Credit Line Guarantee Scheme (ECLGS) till November 30, or till such time that an amount of Rs 3 lakh crore is sanctioned under the scheme, whichever is earlier. The decision has
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