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RoDTEP rates for export promotion scheme expected to be notified soon

The remission rates and guidelines for export items under the new Remission of Duties and Taxes on Exported Products (RoDTEP) scheme are expected to be announced in ten days.Read more

MSME body CIMSME requests RBI to extend repayment period under ECLGS

CIMSME urged for extension of repayment under ECLGS 1.0 from three to five years after the moratorium period. It also requested the extension for all MSMEs without any restriction.Read more

World Bank approves $500 million RAMP Program for MSME sector in India

The $500 million Raising and Accelerating Micro, Small and Medium Enterprise (MSME) Performance (RAMP) Program is the World Bank’s second intervention in this sector, the first being the $750 million MSME Emergency Response Program, approved in July 2020 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

ASSOCHAM seeks support to enable industry face Covid-19 challenges

Deepak Sood, Secretary General, ASSOCHAM believes that this is time to support and spend without giving too much focus on the fiscal parameters.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

Success of pre-pack insolvency scheme depends on implementation by CoC: NCLT

If this scheme performs well, it may be expanded to other corporate debtors as well, discussed during the webinar.Read more

RBI extends support for small businesses with Resolution Framework 2.0

Small businesses engaged in retail and wholesale trade other than those classified as micro, small and medium enterprises (MSMEs) will also be eligible to avail the benefit. The central bank also allowed MSMEs with loans of up to Rs 25 for restructuring businesses crore in a separate notification.Read more

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