E-PaperMsme Sector News
Are MSMEs adding to our NPA woes?
Bad loans to micro, small and medium enterprises have risen recently, but the sector’s access to credit may be a bigger issue, suggests data
3 min read4 Dec 2019Government may tap foreign lenders for loans to small firms
The government is looking to provide as much as $14.5 billion in credit to millions of its small firmsThe Centre is in discussions with multiple foreign lenders, including Germany's state-owned development bank KfW Group, the World Bank and some Canadian institutions
3 min read20 Jul 2019Give sops to young MSMEs, rather than across-the-board benefits: Economic Survey
There are 63.38 million unincorporated non-farm MSMEs in the country engaged in different economic activitiesThe sector employs more than 49.77 million people
2 min read4 Jul 2019U.K. Sinha-led RBI panel suggests ₹5,000 crore stressed asset fund for MSMEs
According to the committee, the fund could operate on the lines of the Textile Upgradation Fund SchemeIt also recommended amendment to the MSMED Act, requiring all MSMEs to mandatorily upload all their invoices above an amount to be specified by the government, from time to time
4 min read26 Jun 2019GST Council seeks ways to ensure MSMEs pay taxes every month
MSMEs may be asked to give details of monthly sales data to check with income tax payments, say officials
2 min read4 Sep 2018Mudra scheme: Smoke and mirrors
The outstanding refinance provided by the government under the Mudra scheme as of March 2017 was just Rs6,114 crore or not more than 2% of the cumulative disbursals for the first two years
2 min read27 Mar 2018Panel to find ways to make business easier for fintech firms
Eight-member panel will also look at using fintech in 'critical sectors of economy'
2 min read6 Mar 2018Budget 2018: A health drink for insurance but banks left thirsty
Perhaps the only splash in the Union budget for the financial services industry was the flagship health insurance plan
1 min read2 Feb 2018GSTN and UPI will help expedite financial inclusion
Taken together, both GSTN and UPI will enable lending to the much neglected MSME sector and significantly accelerate the goal of financial inclusion
3 min read24 Jul 2017Govt launches online employment portal
The initiative is aimed at strengthening communication between stakeholders and improving efficiencies in service delivery in the MSME ministry
1 min read16 Jun 2015Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared