2018 -19 Budget and MSME

The 2018-19 Budget has given a big thrust to Micro, Small and Medium Enterprises (MSMEs) sector to boost employment and economic growth. 1. The budgetary allocation has gone up from Rs 6481.96 crore in 2017-18 to Rs.6552.61 crore in 2018-19. The allocation for individual Schemes (apart from CGTMSE) has gone up by 59%, from Rs.3680 […]

SIDBI launches Udyami Mitra Portal

Small Industries Development Bank of India (SIDBI) has launched the ‘Udyami Mitra’ Portal to improve accessibility of credit and handholding services to Micro, Small and Medium Enterprises (MSMEs). Scheduled Commercial Banks (SCBs) have been advised to ensure a target of 7.5% of Adjusted Net Bank Credit (ANBC) for Micro Enterprises, that collateral security is not required for loans upto […]