MSMEs fear ₹1.5 lakh annual burden as India rolls out new GST Invoice Management System
NEW DELHI : The government is all set to roll out the newly proposed and designed Invoice Management System (IMS) under the Goods and Services Tax (GST) framework, but the industry, especially the MSME
Loan threshold for MSMEs under the digital footprint model raised to ₹10 Crore
NEW DELHI : The government has urged public sector banks (PSBs) to extend loans up to Rs 10 crore through the newly launched digital footprint-based credit assessment model from Rs 25 lakh to Rs
New Schemes and Programmes launched to support SMEs
NEW DELHI : During the FY 2024-25, the Ministry of Micro, Small and Medium Enterprises (MSME) has launched a sub scheme under Central Sector Scheme Raising and Accelerating MSME Performance Program (RAMP), namely MSME
India’s MSMEs in IT sector to play a key role in achieving ambitious $450 billion services export target : Shri Piyush Goyal
NEW DELHI : Recognizing the rapid growth of MSMEs in IT, tourism, business accounting, and financial services, Union Minister of Commerce & Industry, Shri Piyush Goyal, emphasized the sector’s key role in driving services
MSME sector is the backbone of India’s manufacturing and industrial growth : PM Modi
NEW DELHI : Prime Minister Shri Narendra Modi addressed the Post- Budget Webinars via video conferencing. The webinars were held on MSME as an Engine of Growth; Manufacturing, Exports and Nuclear Energy Missions; Regulatory,
FlexiLoans plans to disburse Rs 100 crore to empower women-led MSMEs in 2025
NEW DELHI : FlexiLoans.com, a leading MSME-focused non-banking financial company (NBFC), has announced its plan to disburse over Rs 100 crore in loans to help women-led small and medium businesses by 2025. The initiative
Govt plans new support framework for medium enterprises — shift away from ‘one-size-fits-all’ MSME policy
NEW DELHI : India is working on a new set of schemes and incentives specifically designed for medium enterprises, sources told. This marks a major shift from the current one-size-fits-all approach of MSME policies,
Surat textile mills to shut two days a week due to 45-day MSME payment rule
SURAT : Due to the 45-day payment rule for Micro, Small, and Medium Enterprises (MSME), several textile mills in the city are now shutting down their production for two days a week. Until March