MSME Compliances – Recent Notifications
Dear Professional Colleague: Currently there are an estimated 42.50 million, registered & unregistered Small and Medium Enterprises in India a staggering 95% of the total industrial units in the country. The SME sector employs about 106 million, 40% of India’s workforce, next only to the agricultural sector and contributes over 30% to the GDP of… Read More
Tag: MSME
Structured Mechanism for monitoring the credit growth to the MSE sector
RBI / 2012-13/495 RPCD. SME&NFS. BC.No. 74 /06.04.01/2012-13 May 9, 2013 The Chairman/Managing Director/ Chief Executive Officer All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir / Madam, Structured Mechanism for monitoring the credit growth to the MSE sector In view of the concerns emerging from the deceleration in credit growth to the Micro… Read More
Tags: Bank, Commercial bank, Loan, Monetary policy, MSME, Regional Rural Bank, Reserve Bank of India, Run batted in
Government sets up Inclusive Innovation Fund
The Government has set up an Innovation Fund for inclusive economic growth. National Innovation Council in collaboration with Ministry of Micro, Small and Medium Enterprises (MSME) has proposed to set up a dedicated fund in the name of ˜India Inclusive Innovation Fund™ for promoting grass root innovations with social returns as well as modest economic… Read More
Tags: Business, Economic growth, Government, India, Ministry of Micro Small and Medium Enterprises, MSME, National Innovation Council, Small
MSME sector contribution to Exports increases
MSME Contribution The MSME sector contributes around 9% of GDP and accounts for around 45% of the manufacturing output and around 36% of total value of exports says MSME Minister Shri K.H. Muniyappa, Minister of State (Independent Charge) for MSME on the eve of the main event of National Award Presentation while addressing the Media… Read More
Tags: corporate social responsibility, Finance Minister, GDP, Government, Gross domestic product, India, MSME, Small Industries Development Bank of India
Revisions in existing investment limits for lending to Micro Enterprises
RBI has made a revision in the existing limits for lending related to Micro Enterprises who have investments in plant, machinery and equipment. The lending has been revised in a 40:20 proportion i.e. 40% advances made to the Micro and Small Enterprises (MSME), would go to Micro firms, both service and manufacturing, having investments of… Read More
Tags: MSME, MSME (manufacturing), MSME (Service), rbi, Revision of lending limits
MSME-DI Conference on Policy Changes for Effective Implementation of MSME Schemes
A two day MSME-DI Officers Conference on Policy Changes on Effective Implementation of MSME Schemes : Analysis and Road Map was conducted by the Office of Development Commissioner under Ministry of Micro, Small and Medium Enterprises (MSME). In his valedictory address the Minister of MSME, Shri Virbhadra Singh complemented the initiative taken and emphasized on… Read More
Tag: MSME
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