TAG: MSME
Salary payments, PF contributions could determine credit line for MSMEs
In a significant move aimed at enhancing the accessibility of credit for MSMEs and individual home loan seekers, public sector banks (PSBs) are on track to finalise a novel credit assessment model based on digital footprints by October.This innovative app...
2 months ago
Digital Competition Bill can derail MSME ecosystem, say small and medium businesses
The Digital Competition Bill (DCB) will thwart foreign direct investment and prevent the global competitiveness of MSMEs, an industry body representing small and medium businesses said on August 7.The Indian SME Forum hosted a roundtable on Wednesday in N...
2 months ago
Govt implementing various schemes to aid growth of MSMEs, says FM Sitharaman
The Union government is implementing various schemes to encourage the growth and development of MSME (Micro, Small and Medium Enterprises) sector across the country, Finance Minister Nirmala Sitharaman said on September 11.These schemes include areas of c...
1 month ago
CBIC extends export benefits to courier shipments to boost e-commerce
In a significant move aimed at enhancing India’s e-commerce export landscape, the Central Board of Indirect Taxes and Customs (CBIC) has extended export-related benefits under the duty drawback, Remission of Duties and Taxes on Exported Products (RoDTEP),...
1 month ago
Govt sets higher MSME lending target of Rs 27.5 lakh crore for FY25
The Union government has set a higher target for MSME lending for FY25 at Rs 27.5 lakh crore, over 10 percent higher than the previous year, M Nagaraju, secretary, department of financial services said on September 18.The secretary noted that the governme...
4 weeks ago
India's Digital Transformation: Empowering MSMEs for e-commerce growth
By Ashish Kumar and Harshvardhan Singh India's journey of digital transformation has been remarkable, characterized by the consistent development of a strong digital public infrastructure that now plays a pivotal role in the nation's progress. Celebrating...
3 weeks ago