MSME Updates
- Nalco to come up with new policy for MSME units with regard to production of finished goods August 14, 2018Nalco to come up with new policy for MSME units with regard to production of finished goods New Delhi, Aug 14 (KNN) Odisha based aluminum giant National Aluminum Company (Nalco) will soon announce a new policy for MSME sector. In this regard, Nalco CMD Tapan Kumar Chand said “We plan to provide our aluminum to […]
- Defense Ministry to buy defense products from MSMEs for a period of 10 years: Sitharaman August 13, 2018Defense Ministry to buy defense products from MSMEs for a period of 10 years: Sitharaman New Delhi, Aug 13 (KNN) Eyeing to improve indigenous defense manufacturing units, Defense Minister Nirmala Sitharaman assured the MSMEs dealing in manufacturing of defense products that the government will purchase their products for a period of 10 years. She was […]
- MSME Ministry to hold review meeting over CLCSS on Aug 16; FISME, LUB, SIDBI amongst invitees to discuss norms August 10, 2018MSME Ministry to hold review meeting over CLCSS on Aug 16; FISME, LUB, SIDBI amongst invitees to discuss norms New Delhi, Aug 10 (KNN) The Ministry of Micro, Small and Medium Enterprises (MoMSME) is organizing a review meeting on the Credit Linked Capital Subsidy Scheme (CLCSS) on August 16. The meeting will be held at […]
- KASSIA setting up centre of excellence and innovation at Mumbai-Banglore Industrial Corridor to facilitate MSMEs August 9, 2018KASSIA setting up centre of excellence and innovation at Mumbai-Banglore Industrial Corridor to facilitate MSMEs New Delhi, Aug 9 (KNN) Eyeing to promote, support and guide the Micro, Small and Medium Enterprises (MSMEs) of the region, Karnataka Small Scale Industries Association (KASSIA) has embarked on an ambitious project of setting up the KASSIA Centre of […]
- Digital lending platform for SMEs, Prest Loans, raises Rs 16.5 crore in debt funding from multiple lenders August 9, 2018Digital lending platform for SMEs, Prest Loans, raises Rs 16.5 crore in debt funding from multiple lenders New Delhi, Aug 9 (KNN) Digital lending platform for SMEs and non banking finance company Prest Loans has raised Rs 16.5 crore in debt funding from multiple lenders’s including INCRED, MAS Finance, Northern Arc Capital and others. This […]
- Coimbatore associations raise concern over possibility of traders registering themselves as MSEs due to turnover criteria August 8, 2018Coimbatore associations raise concern over possibility of traders registering themselves as MSEs due to turnover criteria Coimbatore, Aug 8 (KNN) Several industry associations from Coimbatore have jointly urged the District Collector to recommend the Union Minister for MSME to impart suitable corrections in certain clauses of the Micro, Small and Medium Enterprises Development (Amendment) Bill, […]
- Govt introduces 4 GST amendment bills to help MSMEs August 8, 2018Govt introduces 4 GST amendment bills to help MSMEs New Delhi, Aug 8 (KNN) The government of India on Tuesday introduced four bills in Lok Sabha to amend the Goods and Service Tax (GST) laws to make the return forms simpler and raise the threshold for availing composition scheme to Rs 1.5 crore. Introducing the […]
- Multi-pronged business delegation to travel to Syria & Lebanon with MEA; FISME sees big opportunities for Indian MSMEs August 7, 2018New Delhi, Aug 7 (KNN) The Minister of External Affairs Sushma Swaraj will be travelling with a multi-product business delegation to Syria and Lebanon in September. Hailing the initiative, industry body FISME said this would be a good opportunity for Indian MSMEs to explore the markets there which are in need of consumer goods to […]
- Defining MSMEs on the basis turnover will lead to cluttering of SMEs for benefits: KASSIA August 6, 2018Defining MSMEs on the basis turnover will lead to cluttering of SMEs for benefits: KASSIA Bengaluru, Aug 6 (KNN) The Karnataka Small Scale Industries Association (KASSIA) has requested the government to classify MSMEs on the basis of turnover and number of employees stating that the proposed definition will bring in large number of firms within […]
- Sub-committee to be formed to address GST related issues of MSMEs: Piyush Goyal August 6, 2018Sub-committee to be formed to address GST related issues of MSMEs: Piyush Goyal New Delhi, Aug 6 (KNN) Realizing that medium and small businessmen have been facing hardships eversince the implementation of GST, the government has decided to form a sub-committee on easing the compliance for medium and small enterprises. In a ministerial panel meeting […]