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Extending income tax exemption to MSMEs to be highly beneficial

The Government should introduce a long-term solution in the 2019 Budget that can save the credit-starved MSMEs from their dire state.Read more

RBI’s move to provide a much-needed boost to MSMEs: Sandip Somany

RBI’s relief window for MSMEs together with other government measures for easier and affordable access to credit should help in reviving growth of MSMEs, say FICCIRead more

Cooperation between Indian and Taiwanese MSMEs offers huge potential

India welcomes investment both in terms of technology transfers and FDI by Taiwanese companies in Indian SMEs, said Dr Arun Kumar Panda, Secretary MSME, at the India-Taiwan SME Development ForumRead more

NSIC opens development centre for MSMEs in Bhubaneshwar

Dharampad Bhawan, which is NSIC’s largest office building in eastern India, will provide skill development and other support to various MSMEs including SC/ST MSMEsRead more

Tata Technologies and VDIA to set up aerospace & defence centre in Nagpur

The partnership between Tata Technologies and Vidarbha Defence Industries Association (VDIA) will promote the state as an aerospace and defence manufacturing and export hub.Read more

Capital availability a concern for MSMEs: Opinion Poll

While CII CEOs Opinion Poll said that investments and demand are set to grow strongly and capacity utilisation is building up, it raised some concerns on credit availability especially for MSMEs Read more

Trade war, rising protectionism to hurt Indian MSMEs

Export-oriented industries, particularly in sectors like iron and steel, machinery and metal products, chemicals and agricultural goods, are likely to take a hit, says FICCI's Economic Outlook SurveyRead more

Easing norms for MSMEs in IBC to speedy up resolution: Rashesh Shah

According to FICCI President, while keeping errant promoters out of the bidding process for their companies is critical, it is also equally important to give a fair chance to the genuine promotersRead more

Aye Finance disburses Rs 700 crores loans to MSMEs

The Gurgaon-based FinTech has disbursed 60,000 loans and emerged as a leading MSME lender in India.Read more

YES Bank introduces an industry first GST backed OD facility for MSMEs through ‘YES GST’

YES Bank, India’s fourth largest private sector bank, announced the launch of ‘YES GST’, an OD (over draft) facility for Micro, Small and Medium Enterprises (MSMEs). Through this first-of-its-kind, industry first initiative, an MSME can avail OD up to Rs 10 million, based on their annual turnover, backed by GST returns.Read more

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