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[Budget 2020] Budget aims to give boost to MSME sector with number of proposals
MSMEs turnover threshold for audit increased 5 times to Rs 5 crore, proposes Rs 1000 crore for MSME funds, increase customs duties on labour-intensive products like footwear, furniture, etcRead more
Govt amends interest subvention scheme for MSMEs to give fillip to the sector
The Minister for Micro, Small and Medium Enterprises (MSMEs) and Road Transport & Highways, Nitin Gadkari has approved the changes in the Interest Subvention Scheme for MSMEs, in a meeting held to review the functioning of the scheme.Read more
ELECRAMA will connect MSMEs to global value chains
With the installed power generating capacity of 365,048 MW as of October 2019, India has emerged as the world’s third-largest electricity producer & consumer.Read more
Govt approves changes in interest subvention scheme for MSMEs to give fillip to the sector
Post changes, MSME units eligible for GST can now avail the benefits of the scheme with just their GST number (GSTN)Read more
Budget 2019-20 allocates Rs 350 cr under Interest Subvention Scheme for MSMEs
To provide domestic industry a level playing field, basic customs duty has been increased on items such as PVC, metal fitting, auto parts, optical fibre cable, CCTV camera, IP camera, etcRead more
IRIS and Logo Infosoft’s Vyapari- a free and GST-compliant ERP software for MSMEs
Vyapari is validated through stringent evaluation criteria for quality and ease of use. Being simple and easy to use, Vyapari automates the complete accounting and compliance process of MSMEs from billing until GSTR filing.Read more
EEPC displays India’s manufacturing potential at Hannover Messe 2019
The organisation - along with the Ministry of Commerce and Department of Heavy Industry – took various initiatives to reach out to German companies for attracting technology and investment in IndiaRead more
“RDSO wants to encourage MSMEs for supplying products to railwaysâ€Â
Development of new technologies, adoption of latest technologies and up-gradation of present technology are focus areas of RDSO to meet the challenges of enhanced safety and throughput. RDSO has started several initiatives in this area. Read more
NITI Aayog and ABB facilitate adoption of AI technologies by MSMEs
Aligned with the national objective of ‘AI for All’, a workshop was conducted to discuss various facets of AI based technology adoption across key sectors of the Indian economyRead more
Power2SME signs MoU with IIA to strenghten MSMEs in India
The MoU will be valid for three years across IIA’s all 40 chapters pan IndiaRead more