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Government extends Emergency Line Credit Guarantee till Nov 30
The extension is expected to provide an opportunity to the borrowers who are yet to avail this scheme, thereby gaining from this scheme.Read more
2nd IPF Buyer-Seller Summit: Making MSMEs Aatmanirbhar
The 2nd Virtual Buyer-Seller Summit- saw participations from Office of Development Commissioner MSME (Ministry of MSME), NTPC Ltd, L&T Power, Rashtriya Ispat Nigam Ltd (Vizag Steel) and Nordex - educated vendors on approaching large companies to help MSME become regular suppliers, thereby improving efficiency of manufacturingRead more
Pharma MSMEs demands to expedite implementation of PTUAS
The recently announced PLI scheme is a good move towards making Indian pharma industry self-reliant. However, PTUAS does not have any investment restriction therefore it will benefit all the players. MSMEs through various bodies have recommended changes in the existing criteria of PTUAS.Read more
Government not keen to extend credit guarantee scheme for MSMEs
The objective is to provide support to all those affected and if there are no takers for the scheme, there is no need to extend the scheme even though there is some room left. Read more
New DRDO Procurement Manual 2020 encourages participation of MSMEs, start-ups
The new DRDO Procurement Manual will facilitate the indigenous defence industry by simplifying the processes and ensure their participation in design and development activities.Read more
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
MARK Compressors unveils Piston Air Compressors across segments
The products have an upgraded cooling system, which keeps the heat emission in check during long working hours. Designed in a compact tank format, the products are on wheels which makes them portable.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