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YES Bank partners FTAPCCI to empower MSMEs to ‘scale-up’
YES Bank, India’s fourth largest private sector bank, launched a knowledge series on February 20, 2018 for top executives and promoters of micro, small and medium scale enterprises (MSMEs) in Hyderabad, in partnership with Federation of Telangana and Andhra Pradesh Chambers of Commerce and Industry (FTAPCCI) to help local entrepreneurs scale their businesses to global audiences and gain competitive advantage.Read more
Change in classification norms for MSMEs to boost growth
The Cabinet’s decision to change the criteria for classification of micro, small, and medium enterprises (MSMEs) from ‘investment in plant and machinery’ to ‘annual turnover’ is likely to give a boost to SMEs sectorRead more
Budget to give boost to MSMEs: IEEMA
Indian Electrical & Electronics Manufacturers' Association (IEEMA) has welcomed the Budget 2018-19 stating that it will give a boost SMEs and help create employment.Read more
Here are the Union Budget 2018 goodies for the MSMEs
According to the National Sample Survey’s (NSS) 73rd round, there were around 634 trillion unincorporated non-agriculture MSMEs (micro, small and medium enterprises) in India in 2015-16 providing employment to 111 million workers. Taking into account the significance of MSMEs sector to the country’s economic development, a list of measures to help MSMEs and job creation were announced by Finance Minister Arun Jaitley while presenting the last full budget of the current government.Read more
Paisalo launches app for easy loan disbursal to MSMEs
With a vision of empowering the MSME segment and small businesses, Paisalo Digital Limited has launched its app with the same name to accelerate and facilitate 100% digital loan disbursal, creating unique customer experience.Read more
GST: A structural reform propelling India's growth story with greater compliance
With Goods and Services Tax (GST) becoming operational from July 1, 2017, the whole government machinery is working day & night to ensure smooth roll out and efficiency at every step. While there are no two opinions about the long term benefits of the one-tax regime, there are concerns being raised by the industry with respect to implementation and initial compliance issues. Let’s look at the positive side first.Read more
