Msme Sector

Keeping this surge in employment in mind, the Union Budget 2024-25 has included several significant provisions for the sector, including a new credit guarantee scheme, offering collateral-free loans to the MSME units.

More tax benefits for health insurance under the new tax regime, relaxation in payment norms for MSMEs and incentives for the agri-tech sector are among the stakeholders' expectations from the first budget of the Modi 3.0 government.

Prime Minister Narendra Modi on Thursday launched schemes to support the Micro, Small, and Medium Enterprises (MSMEs) sector and to encourage exports.

The scheme aims at enhancing the competitiveness and productivity of micro and small enterprises by undertaking certain interventions

As many as 117.87 lakh businesses have been provided 100 per cent guaranteed collateral free loans under the emergency credit line guarantee scheme

FICCI vice president Subhrakant Panda has said that MGNREGA outlay should be increased and support to MSMEs must be provided in the union budget

Steps should be taken in the budget to ensure hassle-free credit availability to industry, particularly for MSMEs, PHD Chamber has said

Gross non performing assets of banks may rise from 6.9 per cent in September 2021 to 9.5 per cent by September 2022 under severe stress scenario

Union Minister Narayan Tatu Rane said the Centre will give emphasis on development of micro, small and medium enterprises in the North East to ensure economic prosperity in the region and propel the sector's contribution to the GDP

Credit guarantee scheme for subordinate debt for MSMEs, which are financially stressed, has been extended by the government till March 31, 2022.

Parliament on Thursday passed the Factoring Regulation (Amendment) Bill, 2021, which will help the micro, small and medium enterprises sector.

The panel suggested that Government should immediately come out with a larger economic package aimed at bolstering demand, investment and employment.

Centre had last week issued an order to revise the definition of MSMEs by including retailers and wholesale traders under them.

PM Narendra Modi today described as "landmark" the decision to include retail and wholesale trade as MSMEs, which will allow traders the benefits of priority sector lending, and said his government is committed to empowering the community.

"In collaboration with private industry, MSME sector, engineering, agriculture, automobile, steel sector, we have set an export target of $ 400 billion,'' said Commerce Minister Piyush Goyal

Keeping this surge in employment in mind, the Union Budget 2024-25 has included several significant provisions for the sector, including a new credit guarantee scheme, offering collateral-free loans to the MSME units.

More tax benefits for health insurance under the new tax regime, relaxation in payment norms for MSMEs and incentives for the agri-tech sector are among the stakeholders' expectations from the first budget of the Modi 3.0 government.

Prime Minister Narendra Modi on Thursday launched schemes to support the Micro, Small, and Medium Enterprises (MSMEs) sector and to encourage exports.

The scheme aims at enhancing the competitiveness and productivity of micro and small enterprises by undertaking certain interventions

As many as 117.87 lakh businesses have been provided 100 per cent guaranteed collateral free loans under the emergency credit line guarantee scheme

FICCI vice president Subhrakant Panda has said that MGNREGA outlay should be increased and support to MSMEs must be provided in the union budget

Steps should be taken in the budget to ensure hassle-free credit availability to industry, particularly for MSMEs, PHD Chamber has said

Gross non performing assets of banks may rise from 6.9 per cent in September 2021 to 9.5 per cent by September 2022 under severe stress scenario

Union Minister Narayan Tatu Rane said the Centre will give emphasis on development of micro, small and medium enterprises in the North East to ensure economic prosperity in the region and propel the sector's contribution to the GDP

Credit guarantee scheme for subordinate debt for MSMEs, which are financially stressed, has been extended by the government till March 31, 2022.

Parliament on Thursday passed the Factoring Regulation (Amendment) Bill, 2021, which will help the micro, small and medium enterprises sector.

The panel suggested that Government should immediately come out with a larger economic package aimed at bolstering demand, investment and employment.

Centre had last week issued an order to revise the definition of MSMEs by including retailers and wholesale traders under them.

PM Narendra Modi today described as "landmark" the decision to include retail and wholesale trade as MSMEs, which will allow traders the benefits of priority sector lending, and said his government is committed to empowering the community.

"In collaboration with private industry, MSME sector, engineering, agriculture, automobile, steel sector, we have set an export target of $ 400 billion,'' said Commerce Minister Piyush Goyal