Category: MSME

APIIC, VC & MD, Abhishikt Kishore and other senior officials participated in the meeting held at the APIIC headquarters in Mangalagiri. Andhra Pradesh Minister for MSME, SERP and NRI Empowerment and Relations, Kondapalli Srinivas on Thursday reviewed the status of the proposed 175 MSME Parks across the State with focus on accelerating land allotment and […]

The Allahabad High Court had held that entities acting on behalf of foreign companies were expressly excluded from receiving MSME benefits. The Supreme Court recently upheld an Allahabad High Court decision quashing the award of a ₹37.92 crores cloud services contract to CloudThat Technologies, a registered Micro and Small Enterprise (MSE), on the ground that […]

Small businesses are calling for relaxations in proposed regulations for exports and imports under the Foreign Exchange Management Act (FEMA), saying a one-size-fits-all solution would disadvantage them. MSMEs or micro, small and medium enterprises, say the draft regulations, which were open for public consultations till 30 April, don’t have enough provisions for their exports of […]

NCLAT in the matter of SNJ Synthetics Limited vs. PepsiCo India Holdings Private Limited, rejected the Section 9 application filed by an MSME operational creditor on the ground that the amount of default (excluding interest accrued as per Sections 15 and 16 of MSMED Act) was less than the limit stipulated under section 4 that […]

The latest survey on the progress of Indian MSMEs and challenges faced — noted that timely and adequate credit access is one of the key challenges for the MSME sector, which has an addressable credit gap of around Rs. 30 lakh crores despite increasing credit supply. Even as the Government has taken multiple policy measures, […]

India offers a unique proposition to the world – with the largest and relatively young population, it presents an attractive market not just for global giants but also for a burgeoning ecosystem of micro, small and medium enterprises (MSMEs). The country is rapidly becoming a hub for innovative start-ups and established small and medium enterprises, […]

By addressing the credit gap, decentralisation and smart lending help enterprises scale up and create jobs.  The central credit system and rating standards came under fathomable criticism in the aftermath of the global financial crisis of 2007. The decentralisation of credit systems and smart lending with the advent of digital solutions gained credible relevance in […]

India’s micro, small and medium enterprises have new definitions that promise to open doors wider for them this financial year as well as improve their chances of securing delayed payments faster. The Union Government, in a notification dated 21st March, amended the definitions of micro, small and medium enterprises, raising limits for investments in plant […]

The Government has urged public sector banks to extend loans up to Rs.10 crores through the new digital credit assessment model, increasing the limit from Rs.25 lakhs to Rs.5 crores to boost credit flow to MSMEs. The Government has urged public sector banks (PSBs) to extend loans up to Rs.10 crores through the newly launched […]

Coimbatore has consistently harnessed its manufacturing strength and entrepreneurial spirit to support small businesses across various industries. For Adarsh V Srinivasan, CEO of SKYX Aerospace, the decision to start his company in the southern city of Coimbatore was initially a personal one. It was the hometown of his mother and the place where he spent […]