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Category: MSME News


#GAMECHANGER – Budget 2016 on SMEs

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MSME Trade Fair in Odisha aims to attract foreign investors and showcase potential

Odisha Government will organise the fourth edition of the Odisha MSME Trade Fair in the state capital from January 8 to 14, 2016 to woo overseas investors and showcase potential of the sector. “Attempts will also be made to attract…

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Alibaba, Sidbi to take SMEs global

Alibaba, the world’s most valued e-commerce platform, is in advanced talks with Small Industries Development Bank of India (Sidbi) to help micro, small and medium enterprises (MSMEs) get a global market place. Alibaba, which listed on the US stock exchange…

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Govt dedicates special schemes for women MSMEs

Aiming to facilitate employment opportunities for women, the micro, small and medium enterprise (MSME) ministry is implementing special, dedicated schemes for Women Entrepreneurship Development, parliament was informed on Monday. These schemes include Trade Related Entrepreneurship Assistance and Development (TREAD) Scheme…

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Snapdeal & SIDBI sign MoU to provide financial help to India’s MSMEs

NEW DELHI: Snapdeal, the country’s largest online marketplace, has signed a memorandum of understanding with Small Industries Development Bank of India (SIDBI), which will see the state-owned financial institution join the e-commerce company’s ambitious Capital Assist initiative. The MoU was…

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Lured by higher margins, NBFCs chase MSMEs

Non-Banking Finance Companies (NBFCs) are increasingly looking at providing loans to Micro, Small and Medium Enterprises (MSMEs), lured by higher margins. While banks are the key lenders to the SME segment, NBFCs with their nimble structure are better able to…

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MSME minister Kalraj Mishra asks banks to make easy finance available to micro enterprises

NEW DELHI: MSME Minister Kalraj Mishra today asked banks to make available easy finance for micro enterprises under the Prime Minister’s Employment Guarantee Programme (PMEGP). The issue was discussed during a meeting with bankers, Khadi & Village Board and State Industry Department…

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Government launches job portal for MSMEs; registration doesn’t work

The government has launched a website for job seekers and employers in the micro, small and medium enterprises sector (MSMEs) to provide job listings in the manufacturing sector for both, reports ET. The government plans to add more features to…

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Verbind, Franzen collaborate to train SMEs in GIFT City

Verbind, an independent not for profit organisation facilitating growth of Small and Medium Enterprises (SMEs), on Monday entered into a pact with Franzen Partners to promote concept of ‘Make in India’ through collaboration for trade and business development of companies…

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Will amendments in MSME Act bring relief to micro, small and medium enterprises?

Since the introduction of the Micro, Small and Medium Enterprises Development Act (MSME Act) in 2006, there has been no specific amendment, or any notification, that allows for the classification of micro, small and medium enterprises according to various characteristics,…

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