Micro, Small, and Medium Enterprises have been regarded as the engine for economic progress, particularly in India, as the world’s second-most populous nation to promote development worldwide. Micro and small companies have traditionally thrived in rural India for decades. Rural businesses having MSME Registration has just evolved as a dynamic idea. In this article, you’ll … Read more
While the coronavirus outbreak has brought attention to banks not lending money to small and medium-sized businesses across the country, the new credit guarantee plans, such as the Bank of Baroda’s Pratham Program, are expected to attract more lenders. In collaboration with U GRO Capital, a non-bank financier, the Bank of Baroda has launched the … Read more
Government includes Retail and Wholesale trade under MSME is a piece of good news for the industry. This news was announced on 2 July 2021. As a result, Retail and Wholesale traders feel hopeful for the promising opportunities that MSME Registration provides. Earlier, MSMEs excluded them under MSME Development Act, 2006 in 2017. Therefore, everyone … Read more
MSMEs need to integrate with global value chains, is a valuable statement by the Union Minister. The Minister highlights that MSMEs need to understand the importance of integration with global value chains.In this article, we will read about the Union Minister’s recommendations regarding MSMEs need to integrate with global value chains. MSMEs need to integrate … Read more
MSME body seeks intervention of PM on rising raw material prices. As we all know, the prices of raw materials such as steel, iron ore, aluminum, copper, plastics, and paper are increasing. MSMEs are still suffering from the crisis caused by the pandemic. Consequently, MSME is struggling to find the way out and seeking the … Read more
The Authority has simplified the process for registration of Micro, Small, and Medium Enterprises (MSME). The government says in today’s era only a PAN and Aadhar Required for MSME Registration. Minister Nitin Gadkari declares this information. Minister added that after MSME Registration, the MSME unit would be getting finance and priority. PAN and Aadhar Required … Read more
Govt considering support measures for the MSME sector seems to be giving hope to many businesses having MSME Registration. According to the people, The second Covid-19 wave impacted the MSME sector hard while it was recuperating from the previous wave’s devastation. In this article, we will read about the statements of government officials considering the … Read more
CSIR-CMERI Empowering The MSMEs through Technology Infusion and helps to grow on a large scale. The pandemic has created havoc among the people and due to the same, the demand for Oxygen increased. There are limited industries producing Oxygen and the net production cannot fulfill the demand. Moreover, the government agency has also provided the … Read more
The Centre Sets ₹10 Lakh Trigger for MSME Rescue Scheme. This simplified scheme of MSME Rescue came for bankruptcy proceedings of small businesses called Pre-Packs. The finance ministry said that under this Pre-Pack Scheme, this would be the minimum threshold of payment default for the Micro, Small, and Medium Enterprises (MSMEs). However, if you’re not registered … Read more
Recently, the Ministry of Micro, Small, and Medium Enterprises (MSMEs) has announced the Extension of the Deadline for Sub-Debt Scheme for MSMEs. As the announcement came over to extend the Credit Guarantee Scheme for Subordinate Debt (CGSSD) till 30th September of 2021, BHEL Small Industries Centre has expressed relief. Why Extension in Date? As this … Read more