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Budget 2022 announces additional credit of Rs 2 trn for MSMEs

Budget 2022 announces additional credit of Rs 2 trn for MSMEs Credit will be available through revamped Credit Guarantee Trust for Micro and Small Enterprises Scheme (CGTMSE). The government will roll out “Raising and Accelerating MSME Performance” (RAMP) programme with outlay of Rs 60 billionRead more

The vision for a new Indian supply chain

The vision for a new Indian supply chain Read more

Why MSMEs matter to transform India’s economy

MSME manufacturing firms have been imperative to the growth of the Indian economy. Read more

MSME Ministry launches SCLCS scheme for services sector for tech upgradation

The Special Credit Linked Capital Subsidy (SCLCS) scheme will help in meeting the technology related requirements of enterprises in the services sector and has a provision of 25% capital subsidy for procurement of plant & machinery and service equipment.Read more

GeM and Indian Railways integration to generate Rs 500 bn opportunity for MSMEs

According to Piyush Goyal, after the integration of Government e-Marketplace (GeM) portal with Railways, there will be Rs 500 billion worth of annual procurement from MSMEs.Read more

Majority Of MSMEs in Pune to recover within next six months: Study

According to a survey conducted by the Pune-based MCCIA, 28% of total businesses will reach the pre-covid recovery in six months. The survey was conducted on 150 businesses of which 72% were MSMEs.Read more

Relaxations under ECLGS 1 will serve MSMEs well: FICCI

FICCI had requested that the quantum under ECLGS should be doubled to Rs 6 lakh croreRead more

CSIR-CMERI transfers Oxygen Enrichment tech to two more MSMEs

CSIR-CMERI in the last five years has transferred 125 different technologies to the MSMEs to empower the sector at large, and setup specialised manufacturing hubs to improve the technical capabilities of the national industry base and human resource profile.Read more

CSIR-CMERI transfers Oxygen Enrichment tech to four MSMEs

Oxygen enrichment technology will also be further transferred to other companies and even government PSUs. While MSEs have started supplying resources like compressors, analysers, manufacturing capacity etc.Read more

Government notifies Pre-packaged insolvency Amendment PPIRP for MSMEs

The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021 was promulgated on April 4, 2021 by the President Ram Nath Kovind.Read more

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