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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
Govt extends Credit Guarantee Scheme for Subordinate Debt till March 2022
The scheme - launched on June 24, 2020 to provide credit facility through lending institutions to the promoters of stressed MSMEs - was to end on September 30, 2021. Read more
Razorpay acquires Bengaluru based TERA Finlabs to support MSME sector
Razorpay disclosed that the acquisition of TERA Finlabs is aligned with its strategy of financially supporting MSMEs by building competencies in capital solutions, credit underwriting and data-driven risk management.Read more
Sanjay Jaju: Urge Israeli companies to invest in Indian defence corridors
SIBAT, MoD, Israel, believed that the key to success in these times is enhancing the coordination and joint activities between the defence ministries of the two countries.Read more
FIEO: Growth in exports shows resilience & strength of India
FIEO also held that the need of the hour is to soon notify the Remission of Duties and Taxes on Export Products (RoDTEP) rates to remove uncertainty.Read more
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