Nirmala Sitharaman launches National MSME Cluster Outreach …
3 days ago · The Union Finance Minister set the target for all Scheduled Commercial Banks and NBFCs for providing additional MSME credit of Rs. 1.54 lakh crore in the current financial year. Thus the banks and NBFCs should aim at total credit growth of Rs 5.75 lakh crore, Rs. 6.21 lakh crore and Rs 7 lakh crore to MSMEs in Financial Year 2024-25, …
Govt to decide soon on Rs 100 crore credit guarantee scheme for …
4 days ago · Lauding Karnataka for its contribution in the MSME sector, she said, the state has 35 lakh MSMEs, and they provide 1.65 crore employments. Highlighting the role of Small Industries Development Bank of India (SIDBI), the Finance Minister said, …
How big businesses can help smaller ones after a disaster
Oct 30, 2024 · Almost six in 10 U.S. workers are employed by a micro, small, or medium-sized enterprise (MSME), a firm with up to 499 employees. For the sake of local economies, their employees, and the social fabric of our communities, getting small businesses back on their feet after a disaster like Hurricane Helene or Hurricane Milton should be a high priority — and big businesses have a critical role ...
Timely payment to MSMEs rule to be enforced from April 1
Mar 5, 2024 · “According to the Finance Act 2023, companies need to make payments to the MSME sector within 45 days, which is slated to come into effect from April 1, 2024, else the companies cannot claim deductions on it,” a senior finance ministry official told Moneycontrol.
Latest News on SME, Startups, Small Business, Tips, Advice
23 hours ago · Get all the latest news on SME, startups, small business trends. Explore more to know about tips, views, news & stories about entrepreneurialism, small business management and business opportunities & more on Economic Times.
MSME News - The Financial Express
5 days ago · Msme News: Check here latest news and updates about Msme in India. Read top headlines and breaking news today in India about Msme on financialexpress.com.
45-day MSME payment rule comes into effect on April 1: What it …
Income Tax rule that bars businesses from claiming tax deductions for payments beyond 45 days to MSMEs for supply of goods and services will come into effect today (April 1). New MSME payment...
MSME: What is an MSME? Read MSME latest news | the Economic Times
The MSME ministry, under Jitan Ram Manjhi, has focused on women empowerment, technology, employment, and regional development in the first 100 days of Modi 3.0. Key initiatives include increased credit guarantee for women entrepreneurs, the Yashasvini campaign, PMEGP support for new enterprises, and new technology centers in Bokaro and Leh.
Latest News & Events - Ministry of Micro, Small & Medium …
Ministry of Micro, Small & Medium Enterprises (M/o MSME) envision a vibrant MSME sector by promoting growth and development of the MSME Sector, including Khadi, Village and Coir Industries, in cooperation with concerned Ministries/Departments, State Governments and other Stakeholders, through providing support to existing enterprises and ...
HSBC invests $100m in MSME finance platform Funding Societies
Nov 5, 2024 · Two annual credit facilities were also extended to Funding Societies. HSBC has invested $100m in startup Funding Societies | Modalku (Funding Societies) to provide credit access to underserved micro, small, and medium enterprises (MSME) segments in Asia Pacific (APAC). The transaction, which is under the bank's ASEAN Growth Fund, also includes ...