Micro Small and Medium Enterprises News

According to the figures, the number of registered MSMEs has now gone up to 5.49 crore from 2.33 crore in August last year while the number of jobs reported by these enterprises has shot up to 23.14 crore from 13.15 crore during this period.

The Government of India (GoI) offers many loan packages to help small enterprises fund their operations, purchase new equipment, expand their operations, and more.

Union Minister for Micro, Small and Medium Enterprises Shri Narayan Rane has said that ZED has the potential to become a national movement and that it aims to provide a roadmap to global competitiveness for the MSMEs of India.

The Small and Medium Enterprises (SME) sector, gives around 40% to the total GDP of India and it plays a pivotal role in bringing more employment to the country. The Government of India (GoI) gives several loan schemes to further finance the small scale businesses which can be used for running their operations, buying new equipment, increasing their business and more.

The Gautam Buddh Nagar district administration had recently ordered that any worker or employee infected with coronavirus and in isolation for treatment will get 28 days of paid leave from their employer across Noida and Greater Noida.

Gadkari assured the stakeholders to extend all possible support in developing technology centres in India. The Minister also stressed on the need for research and cost reduction without compromising quality. He also exhorted the participants to face the challenges of issues thrown up by COVID-19 pandemic.

Flipkart has also seen 125 per cent rise in new seller signing-up on the platform, in comparison to its existing seller base, in the April-June period, the company said in a statement.

This Scheme seeks to extend support to the promoters of the operational MSMEs which are stressed and have become NPA as on April 30, 2020.

An account holder under the offer gets free of charge group accidental cover of Rs 1 lakh.

The Union Cabinet, chaired by Prime Minister Narendra Modi, on Monday (May June 1), took decisions that will have a transformative impact on the lives of farmers, the MSME sector, and those working as street vendors. This was the first meeting of the Union Cabinet after the Central government entered into its second year in office.

Nitin Gadkari informed the upper house that MSMEs are the largest provider of employment after agriculture.

The eight-member committee was set up in January to review the current institutional framework in place to support the MSME sector, study the impact of the recent economic reforms on the sector and identify the structural problems affecting its growth.

While assuming office the Minister said that the most important work to be done is boosting economic development of the country by employment generation and the MSME Ministry is a core Ministry which can create jobs in rural, semi-urban and urban areas of the country.

PCA banks were advised to maintain the trend of improvement in performance, with a view to bringing them out of the PCA framework at the earliest.

GST-registered micro, small and medium enterprises (MSMEs) can take loan up to Rs 1 crore in just 59 minutes through 'psbloansin59minutes.Com' portal.

'Dare to Dream Awards' series had first started in Delhi on October 15.

Zee Business Dare to Dream Awards was organised to honor the MSMEs leaders for their outstanding contributions in the sector.

The Micro, Small and Medium Enterprises (MSME) have reduced by 49,329 units while employment in the sector has gone down by 5,19,075 persons during 2017-18.

Manufacturing excellence and quality upgradation of Indian micro small and medium enterprises (MSMEs) are imperative for MSMEs aspiring to attain global competitiveness, Minister of State for MSMEs Haribhai Parthabhai Chaudhary said.

To meet skilled manpower requirement in the Micro, Small and Medium Enterprises (MSME) sector, the government is committed to create industry responsive manpower by giving thrust on employable skills and vocational training.