RBI gives big relief to MSME sector

Providing major relief to the MSME sector, RBI today eased NPA classification norms for such units facing input credit linkages and associated issues.”In continuation of support and relief to MSMEs, NPA recognition for GST and non GST MSMEs now at 180 days for dues up to December 31, 2018. Tapering norm from January 1, 2019 […]

PMEGP

PMEGP a flagship programme under Ministry of MSME

The Prime Minister’s Employment Generation Programme (PMEGP) has been one of the flagship programmes of the Narendra Modi government which completed four years in office. Under this credit linked subsidy to establish new enterprises for generating continuous and sustainable employment opportunities in Rural and Urban areas of the country is offered. The Ministry of MSME […]

Bullying of SMEs by large players must stop

Large customers call the shots when it comes to making payments to small units; the govt can help end this practice Every conference, seminar and article on MSMEs (micro, small and medium enterprises) reminds us that they are the backbone of our economy, the pillar of our exports and the largest employers. Yet, a vast […]

MSME

MSME loans

MSME initiatives start yielding results, credit to sector up 20%: DFS SecyMSMEs with loan between Rs 10 lakh to Rs 5 crore have the lowest deliquency rate, The government has taken a slew of measures, including tax concessions in the budget, for micro, small and medium enterprises (MSMEs) with an annual turnover of up to […]