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Centre issues quality control order for rubber gaskets used in pressure cookers

Centre issues quality control order for rubber gaskets used in pressure cookers

Wed, Dec 20, 2023

The Department for Promotion of Industry and Internal Trade (DPIIT) said the Rubber Gaskets for Pressure Cookers (Quality Control) Order, 2023 will come into force in six months for businesses other than Micro, Small and Medium Enterprises (MSMEs).

Udyog Aadhaar: What is Udyog Aadhaar? Why is it useful for MSMEs?

Udyog Aadhaar: What is Udyog Aadhaar? Why is it useful for MSMEs?

Tue, Oct 03, 2023

Udyog Aadhaar registration was launched in September 2015 for MSMEs. Later, the Central government updated the Udyog Aadhaar to Udyam Registration. So far, the total registration stands at 2.81 crore, which also includes the migration of MSMEs registered under Udyog Aadhaar Memorandum (EAM).

RBI reviews flow of credit to MSME sector

RBI reviews flow of credit to MSME sector

Sat, Sep 30, 2023

The RBI's Standing Advisory Committee (SAC) reviewed the flow of credit to Micro, Small and Medium Enterprises on Friday at its meeting held in Lucknow, a central bank said in a release.

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G20 declaration should spur government to give big push to MSMEs: Experts

G20 declaration should spur government to give big push to MSMEs: Experts

Sun, Sep 24, 2023

The New Delhi Declaration adopted early this month said the G20 recognise that startups and Micro, Small and Medium Enterprises (MSMEs) are natural engines of growth.

MSME Loan: Eligibility, documents required, loan amount, interest rate and other key details

MSME Loan: Eligibility, documents required, loan amount, interest rate and other key details

Sat, Sep 16, 2023

An MSME loan can be beneficial for a business in case it's facing liquidity issues and needs funds for day-to-day operations or expansion plans.

Aditya Birla Finance launches Udyog Plus for MSMEs, offers paperless loans of up to Rs 10 lakh loan

Aditya Birla Finance launches Udyog Plus for MSMEs, offers paperless loans of up to Rs 10 lakh loan

Thu, Aug 24, 2023

The MSME sector played a pivotal role in driving Delhi NCR’s economy by achieving economic growth of 9.8 per cent in the fiscal year 2023 and employing more than two million people.

National e-commerce policy in final stages; to be presented before top-level: official

National e-commerce policy in final stages; to be presented before top-level: official

Sun, Aug 20, 2023

On data localisation, the official said that the e-commerce companies would have to follow the law of the land.

What is RBI's Public Tech Credit Platform? How is it useful in MSME, Kisan Credit Card loans?

What is RBI's Public Tech Credit Platform? How is it useful in MSME, Kisan Credit Card loans?

Fri, Aug 18, 2023

The newly launched Public Tech Credit platform will help in seamless disbursal of non-collateral based loans for Micro, Small and Medium Enterprises (MSMEs), Kisan Credit Card loans up to Rs 1.6 lakh, dairy loans, personal loans, and home loans.

NBFCs' role in Tier-2 and Tier-3 cities for women entrepreneurs

NBFCs' role in Tier-2 and Tier-3 cities for women entrepreneurs

Wed, Aug 16, 2023

With Tier 2 and Tier 3 cities making up around a big component of the MSME sector, it is crucial that women entrepreneurs in these cities receive a boost so that the sector itself can flourish. The main aim of an NBFC is to generate funds while mitigating risks. NBFCs can bridge the gap in providing funds to small businesses where bank loans are not available.

Protean, PayNearby partner for credit marketplace on ONDC

Protean, PayNearby partner for credit marketplace on ONDC

Thu, Aug 10, 2023

Protean eGov Technologies and fintech platform PayNearby have collaborated for providing credit services on the ONDC network for last-mile borrowers and MSMEs. Once launched, the marketplace will also allow for easy discovery of various lending products at affordable pricing, according to a statement.

Bank credit growth to MSMEs decelerates in Q1: RBI data

Bank credit growth to MSMEs decelerates in Q1: RBI data

Sun, Aug 06, 2023

According to another set of RBI data for April, loan growth of medium industries was 19.1 per cent against 53.7 per cent last year.

India offers the world complete value chain solution in apparel sector: AEPC Chairman

India offers the world complete value chain solution in apparel sector: AEPC Chairman

Tue, Jun 27, 2023

There are huge opportunities in the textiles sector and India offers to the world a complete value chain solution from farm to fashion in the apparel segment, AEPC chairman Naren Goenka said on Tuesday.

India has 26,134 clauses that can put entrepreneurs in jail for violating business laws, says report

India has 26,134 clauses that can put entrepreneurs in jail for violating business laws, says report

Sun, Jun 25, 2023

A report called 'Jailed For Doing Business' by TeamLease RegTech and Observer Research Foundation says that the country has as many as 69,233 unique compliances that regulate doing business in India.

SIDBI signs pact with HDFC Bank to offer financial solutions to MSMEs

SIDBI signs pact with HDFC Bank to offer financial solutions to MSMEs

Tue, Jun 06, 2023

State-owned Small Industries Development Bank of India (SIDBI) has entered into a Memorandum of Understanding (MoU) with HDFC Bank for providing financial solutions to MSMEs.

Sidbi to finance 50,000 EVs for MSMEs

Sidbi to finance 50,000 EVs for MSMEs

Tue, Jun 06, 2023

The financing will be done under a new project called Evolve, which is electric vehicle operations and lending for a vibrant ecosystem, under which Sidbi will give access to affordable commercial financing for EVs, the national bank said in a statement on Monday.

MSME Secretary Bidyut Bihari Swain appointed UPSC member

MSME Secretary Bidyut Bihari Swain appointed UPSC member

Tue, May 30, 2023

Senior bureaucrat Bidyut Bihari Swain has been appointed as UPSC member, officials said. Swain will be administered the oath of office and secrecy on Thursday, they said.

Aditya Birla Capital launches 'Udyog Plus' platform for MSMEs

Aditya Birla Capital launches 'Udyog Plus' platform for MSMEs

Wed, May 17, 2023

Maintaining the high loan growth seen in FY23 will be difficult for Aditya Birla Finance, but the company is confident of growing the book robustly given the opportunities it sees in the market, a top official said on Wednesday.

How using social media for employer branding is a powerful strategy to engage and attract talent?

How using social media for employer branding is a powerful strategy to engage and attract talent?

Wed, May 10, 2023

The image of an organisation may be elevated to exceptional depths by using the tremendous reach and impact of platforms such as as Facebook, Instagram, LinkedIn, and Twitter.

As India's manufacturing sector grows by leaps and bounds; how technology is transforming supply chain efficiency to revolutionize delivery processes

As India's manufacturing sector grows by leaps and bounds; how technology is transforming supply chain efficiency to revolutionize delivery processes

Tue, May 09, 2023

Our current world is one where mechanization, automation, manufacturing, product delivery, and overall customer satisfaction are tending to the highest levels of accuracy and perfection. As a consequence, organizations are increasingly looking to perfect the faculty of supply chain management.

Revamped loan guarantee scheme for micro, small enterprises to be implemented from April 1

Revamped loan guarantee scheme for micro, small enterprises to be implemented from April 1

Fri, Mar 31, 2023

In Budget 2023-24, finance minister Nirmala Sitharaman announced the revamping of credit guarantee scheme for micro and small enterprises with effect from April 1, 2023, with an infusion of Rs 9,000 crore to the corpus to enable additional collateral-free guaranteed credit of Rs 2 lakh crore and the reduction in the cost of the credit by about 1 per cent.

MSME competitive scheme part of efforts to strengthen sector: PM Modi

MSME competitive scheme part of efforts to strengthen sector: PM Modi

Mon, Mar 13, 2023

Under the revamped scheme, the Centre's contribution will be 90 per cent of the implementation cost for hand holding and consultancy fees as against 80 per cent previously.

Industry asks govt to make Vivad se Vishwas scheme attractive for MSMEs

Industry asks govt to make Vivad se Vishwas scheme attractive for MSMEs

Tue, Feb 28, 2023

Jan Vishwas Bill proposes to decriminalize hundreds of minor offenses and will come up for the Parliament's approval in the current Budget session, which starts after a break from March 13.

Finance Ministry to meet heads of banks on February 22; to review progress ECLGS for MSMEs

Finance Ministry to meet heads of banks on February 22; to review progress ECLGS for MSMEs

Sun, Feb 19, 2023

The meeting between Finance Ministry and banks' heads is scheduled to be held on February 22 to review progress on ECLGS and Loan Guarantee Scheme for COVID-Affected Sectors (LGSCAS), sources said.

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