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Yogi to inaugurate ISDA 2021, focus on promoting MSMEs in defence sector

Uttar Pradesh chief minister Yogi Adityanath.
Published on Jul 28, 2021 06:08 AM IST

'Govt committed to clear MSME dues within 45 days': Nirmala Sitharaman

Finance minister Nirmala Sitharaman has been holding review meetings on payments due to MSMEs.
Published on Jul 26, 2021 01:56 PM IST

India to chair BRICS 2021 trade fair, MSME roundtable

BRICS Trade Ministers meeting to be held on 3 September 2021, to be chaired by Piyush Goyal, the Commerce and Industry Minister.
Published on Jul 20, 2021 09:05 PM IST

UP recorded 36% jump in exports in 2020-21: State MSMEs minister

Despite a 68-day nationwide hard lockdown since March 25 last year, UP achieved 0.65% growth in exports in FY-21.
Updated on Jul 16, 2021 12:44 AM IST

Micro, Small and Medium-sized Enterprises Day: Know history, significance

The contribution of MSME to Gross Domestic Product (GDP) worldwide is 50%.
Published on Jun 27, 2021 06:37 AM IST

UP CM disburses 2,505-cr loan to boost MSMEs impacted due to Covid-19

Uttar Pradesh Chief Minister Yogi Adityanath distributes loans and tool kits to beneficiaries during an online swarozgar Sangam at his official residence in Lucknow.
Updated on Jun 23, 2021 08:44 PM IST

Validity of Udyog Aadhaar Memorandum extended till December 31

The MSME ministry said that it is expected that existing EM Part-II and UAM holders would be able to migrate to the new system of Udyam Registration.
Published on Jun 17, 2021 10:33 PM IST

Govt expands scope of emergency credit plan

The government will also give 100% guarantee cover to loans up to 2 crore to hospitals, clinics and medical colleges for setting up on-site oxygen generation plants.
Published on May 31, 2021 06:57 AM IST

Covid-related equipment extended tax exemption at GST council meet

Union Finance Minister Nirmala Sitharaman chairs the 43rd GST Council meeting in New Delhi.
Updated on May 28, 2021 09:49 PM IST

Uttar Pradesh MSMEs finding it difficult to operate amid Corona curfew

The body representing the MSMEs has requested UP government to exempt transport companies from the purview of corona curfew.
Published on May 20, 2021 11:01 AM IST

Govt amends IBC, rolls out pre-pack plans for MSMEs

An ordinance was promulgated to amend the Insolvency and Bankruptcy Code (IBC) on April 4.
Updated on Apr 06, 2021 07:08 AM IST

Tepid demand chokes small-scale industries

Workers inside a shoe factory in Capital’s Udyog Nagar, one of India’s biggest shoe-manufacturing hubs. Sanchit Khanna/HT
Updated on Mar 22, 2021 04:28 AM IST

UP government says 42,700 crore loan given to about 13 lakh MSMEs in FY21

The MSME (Ministry of Micro Small and Medium Enterprises) sector accounts for about 20% of the country's GDP. It is also the largest employment provider in the country. Most MSMEs are exempted from maintaining detailed audit records. But after demonetisation, that might change. In the last Union Budget, the government raised tax exemptions for small business units with a turnover of up to 2 crore from the earlier 1 crore. However, PM Narendra Modi has assured these MSMEs that there will be no harassment caused to them on the basis of their previous balance sheets.

Published on Feb 27, 2021 06:56 PM IST

Gadkari urges MSMEs to avail concessional finance and install rooftop solar

The Minister for Micro, Small and Medium Enterprises (MSMEs) and Road Transport & Highways said rooftop solar offers an excellent value proposition to MSMEs by significantly bringing down cost of electricity consumption, which on an average, is up to one-fifth of their operations cost.
Published on Feb 26, 2021 10:25 PM IST

‘Need to stand up for MSMEs...people expect govt to bat for them’: Jaishankar

Jaishankar was addressing the fifth Asia Economic Dialogue (AED) 2021.
Published on Feb 26, 2021 01:55 PM IST

MSME sector emerges as growth engine of economy, says RBI Governor

The sector has been rendered vulnerable by the pandemic necessitating concerted effected effects to combat the stress. (ANI)
Published on Feb 25, 2021 01:19 PM IST

Cong may focus on MSMEs before TN, Bengal polls

The party sees the MSME sector as a key plank in at least two poll-bound states: Tamil Nadu and West Bengal. Tamil Nadu accounts for 15% of India’s MSME units with an investment of 32,000 crore. About one in five industries in the southern state are MSME. In West Bengal, the sector employs nearly 11 million people, according to official data. (HT Photo)
Updated on Feb 24, 2021 04:17 AM IST

Union Budget 2021: Key announcements for MSME sector

For the textile industry and MSMEs in the textile industry nylon chain has been made in par to polyester and other artificial fabrics.
Published on Feb 01, 2021 03:29 PM IST

RAI urges govt to allow retailers to register under MSMEs

Retailers on their way to their shops at Saban Bazaar in Ludhiana on Tuesday.
Published on Jan 15, 2021 01:43 PM IST

Prioritise MSME labourers, give them vaccine for free: Industry body urges PM

In the letter, NEA President Vipin Malhan said the MSME sector employs lakhs of labourers who are aged below 50 years and earn around Rs 15,000 a month.
Published on Jan 07, 2021 05:56 PM IST

New GST rule is not applicable for MSMEs

This rule will help to control fake invoices fraudsters who avail and pass on ITC by dummy, fake and dormant entities which show high turnovers.
Updated on Dec 28, 2020 02:46 AM IST

‘New GST rule doesn’t apply to small firms’: Ministry official

Image for representation.
Updated on Dec 27, 2020 08:45 PM IST

Ludhiana Inc seeks Centre’s intervention over hiked raw material rates

Chamber of Industrial and Commercial Undertakings president Upkar Singh Ahuja addressing the media in Ludhiana on Saturday.
Updated on Dec 19, 2020 10:58 PM IST

SBI will prefer co-origination models of lending to MSMEs, says chairman Khara

Chairman Dinesh Kumar Khara pointed out that the Micro, Small and Medium Enterprises (MSMEs) are constrained today in terms of cash flows, time gap in realising receivables, among others and also the level of lenders’ confidence in funding them.
Updated on Dec 12, 2020 04:31 PM IST

Finance Minister Nirmala Sitharaman takes stock of MSME dues

The statement by the MSME ministry said the highest level of procurement was achieved in October of over Rs 5,100 crore and payment of over Rs 4,100 crore.
Published on Dec 10, 2020 05:46 PM IST

Will increase turnover of village industry to Rs 5 lakh cr in 2 yrs: Gadkari

“Presently, the MSME sector employs 11 crore people. Our target is to create 5 crore more jobs in the next 5 years,” Gadkari said.
Published on Dec 10, 2020 12:07 PM IST

CII, Amazon India join hands to boost MSME business

Amazon and CII will conduct trainings, workshops and masterclasses to enable MSMEs to sell online.
Published on Dec 09, 2020 09:25 PM IST

Yes Bank aims to disburse Rs 10,000 crore retail, MSME loans in Dec quarter

Yes Bank aims to open up to 1 lakh fresh accounts every month by leveraging technology.
Published on Dec 01, 2020 05:37 PM IST

Small, medium businesses send SOS to banks for debt restructuring

Thousands of small- and medium-sized companies in India have missed loan payments and are staring at a prolonged period of distress owing to the pandemic
Updated on Nov 26, 2020 06:37 AM IST

HTLS 2020: Defining a new era of growth and prosperity

The formalisation of firms and employment has been encouraged through the introduction of GST and the new Labour Codes.
Updated on Nov 24, 2020 09:24 AM IST
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