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MSME Ministry writes to over 2800 corporates to clear MSME dues
The Ministry's vigorous follow up with CPSEs, state governments, corporates, etc brings in very good results. With CPSEs paying Rs 3,700 crore to MSMEs in Sept 2020; the highest in a month, takes total payment to Rs 13,400 crore in last 5 monthsRead more
India cannot become $ 5 tn economy without MSMEs: Sanjeev Chawla
In this interview with Rakesh Rao, Sanjeev Chawla, Director, Office of Development Commissioner (DC) MSME, Ministry of MSME, discusses challenges faced by MSMEs and probable solutions. Read more
IPF Buyer-Seller Summit: Fulfilling Make in India goals
The virtual Summit - which saw participations from Defence Investor Sell (MoD), SAIL, Hindustan Aeronautics Ltd, Godrej & Boyce and Vedanta Aluminium - enlightened vendors about procurement strategies of big buyers and help MSMEs be part of their supply-chain.Read more
Banks sanction loans worth Rs 1.25 cr to 25.74 lakh MSMEs till Sept
The latest numbers on ECLGS, as released by the ministry, comprise disbursements by all 12 public sector banks (PSBs), 24 private sector banks and 31 non-banking financial companies (NBFCs). Read more
Enable MSMEs to fight competition
The clamour for boycott of Chinese goods in India is growing due to the heightened tension at the Galwan border in Ladakh where 20 Indian soldiers were killed in action on the night of July 15. Read more
GeM has potential to reach Rs 5-7 trillion in GMV: Talleen Kumar
In this interview with Rakesh Rao, Talleen Kumar, IAS, CEO of Government e-Marketplace (GeM), which has annual sales of over Rs 630 billion in gross merchandise value (GMV), explains how GeM is making public procurement more transparent & efficient leading to creation of a vibrant buyer-seller ecosystemRead more
Mediation: A cost effective tool for resolution of disputes for MSMEs
Mediation can really benefit MSMEs as it offers level playing field for them and costs less and take less time. Globally, only 2 per cent of mediated settlements have problems in implementationRead more
Govt’s economic package to benefit machine tool industry: IMTMA
The momentum set by this economic package will help industries to pick themselves up from the economic slowdown and coronavirus outbreak that they were battling with, says Indradev Babu, President, IMTMARead more
Govt’s relief measures focuses on MSMEs to reduce COVID 19 impact
Govt’s relief measures focuses on MSMEs to reduce COVID 19 impactRead more
Here’s how we can rescue MSMEs
The Supreme Court has chosen to turn a deaf ear to the pleas of the small businesses of the country wanting it to ward off the looming threat of penal action under the Ministry of Home Affairs order and the Disaster Management Act.Read more