Micro And Small Enterprises

This BSE listed microcap stock has zoomed 1800% in seven months

Shares of EPIC Energy continued their upward movement, hitting a multi-year high at Rs 121.85, and were locked at the 2 per cent upper circuit on the BSE in Monday's intra-day trade.

When will India celebrate failure? Insolvency key to small business growth

Entrepreneurs, fearful of social judgement, often hesitate to seek help, allowing their struggles to fester until it is too late

MicroCap stocks shine amid volatility; 1 in every 10 zoom over 10% this Oct

Stocks like IIFL Securities, IFB Industries and Dhani Services soared over 25% so far this month; Experts attribute the outperformance to stock specific news, rather terming it as broader market trend

In the making: Govt plans to launch new portal for all MSMEs queries

MSMEs can access details of all schemes related to the sector on Udyami Bharat

MSME ministry targets onboarding 500,000 micro, small enterprises on ONDC

Addressing an event on International MSME Day, Manjhi said MSMEs will be a key force in the movement towards Atmanirbhar and Viksit Bharat

SMEs divided over impact of new 45-days payment rule. Is it a boon or bane?

The new 45-day payment rule for SMEs, effective April 2024, aims to ease working capital issues. While some SMEs welcome it, others fear adverse impacts on their businesses

Small credit business finds new ways as unsecured loan growth ebbs

Firms that create differentiated risk assessments and invest in quality solutions will win, say industry executives

Modi is 'Ambassador' of small farmers and small entrepreneurs: PM

"When I nudge people to buy Khadi and wear Khadi, then I connect the women, Dalits and backwards communities associated with Khadi to the markets," Modi noted

MSMEs in Tamil Nadu go on strike over rising power costs today

Around 165 associations in Tamil Nadu are participating in the strike, bringing about loss of labour for a day for almost three crore workers. The government's revenue loss will be ₹ 1,200 crores

Why small and microcaps are rocketing

The question on everyone's mind is, will this be sustainable? The answer is not simple

MSME influencers forum launched to promote small- medium units growth

An MSME influencer forum has been launched to promote micro, small and medium enterprises and raise awareness about various government schemes to boost their growth, a statement said on Saturday. Inaugurating the forum virtually, Union Minister Narayan Rane said that such initiatives will bring great thrust to motivate MSMEs and build them towards a bigger and brighter tomorrow. Indian MSMEs are experiencing a golden opportunity era. All they need to do is to focus on their core expertise and deliver their products and services with the best possible quality, the minister said. The collaborative programme will showcase government schemes and programs that are designed to boost the MSME sector both offline and online, the statement said. Influencers and leaders who are working towards the growth of MSMEs would also be felicitated as MSME will play a key role in achieving the USD 5 trillion economy target, it added. The collaborative programme which was inaugurated on Friday is prom

PM Modi has created opportunities for jobs, enterprises: Ashwini Vaishnaw

Asserting that good infrastructure spurs growth in all sectors, Union Railways Minister Ashwini Vaishnaw on Saturday said Prime Minister Narendra Modi has created employment opportunities for youth and also a framework to promote startups in the country. The Vande Bharat, airports, ports modernisation, highways, and expressways, among other projects are examples of how infrastructure would make a difference in people's life, he noted. "After graduation, you will join some stream of economic activity where infrastructure plays a very big difference. If you have good infrastructure in the country, then the shipping industry and other sectors, too, develop," the Minister said while speaking at the 19th convocation of SRM Institute of Science and Technology, here. He said the Modi-government has ensured development across all sectors. Ten years ago the country imported electronics products but today 98 percent of the electronic components were made in India. And Tamil Nadu contributed .

IME with Udyam Assist Certificate to be treated as micro units for PSL: RBI

The Reserve Bank on Tuesday said Informal Micro Enterprises (IMEs) with an Udyam Assist Certificate will be treated as micro-enterprises under MSME for the purposes of priority sector lending classification. IMEs are those enterprises which are unable to get registered on the Udyam Registration Portal (URP) due to a lack of mandatory required documents, such as Permanent Account Number (PAN) or Goods and Services Tax Identification Number (GSTIN). As a result, such enterprises are unable to avail the benefits of government schemes or programmes. Further, the government has clarified to the RBI that the turnover of enterprises exempted from filing returns under the provisions of the Central Goods and Services Tax Act, 2017, is the sole criterion to be defined as IMEs for the purpose of UAP. Hence, IMEs are those enterprises that are not covered in the Goods and Services Tax regime. In a circular, the RBI said the government has specified that the certificate issued on the UAP to IM

Disposal of delayed payment cases by micro, small industries at 5-year low

The government in the Budget announced that buyers would be allowed to claim a tax deduction for payments made to MSMEs only after they make a payment to them

PHDCCI seeks revival of credit linked subsidy for micro, small units

Industry body PHDCCI has approached the government seeking reintroduction of the Credit Linked Capital Subsidy Scheme to facilitate technology upgradation of micro and small enterprises. The scheme provided an upfront capital subsidy of 15 per cent subject to a maximum amount of Rs 15 lakh on institutional finance availed by the enterprises for induction of well-established and improved technology in the specified 51 sub-sectors/products. It was valid till 2019-20 and was discontinued thereafter. President of PHD Chamber of Commerce and Industry (PHDCCI) Saket Dalmia took up the issue in a letter to Union Minister for Micro Small and Medium Enterprises Narayan Rane last week. "We have been receiving feedback from our MSME members requesting us to take up the issue with the government for revival and reintroduction of the scheme as MSMEs still need this kind of financial support. We, therefore, earnestly request your good self to kindly look into this matter and initiate necessary ..

Micro and small enterprises corner 55% of total orders placed on GeM portal

Micro and small enterprises (MSEs) have cornered over 55 per cent of the total orders placed on the public procurement platform GeM since 2019, a senior government official said. The Government e-Market (GeM) portal was launched on August 9, 2016, for online purchases of goods and services by all the central government ministries and departments. GeM CEO P K Singh said that the public procurement policy for MSEs mandates 25 per cent of buying of goods and services from these units and 3 per cent MSEs owned by women. "On GeM, MSEs have secured 55.2 per cent (Rs 1,41,887 crore) of total order value (Rs 2,57,263 crore) and MSEs owned by women have secured 8 per cent (Rs 11,373 crore) of the MSE orders. The numbers reflect inclusivity on GeM," Singh told PTI. Procurement of goods and services from government portal GeM has crossed Rs 1 lakh crore so far this fiscal on account of an increase in buying activities by different ministries and departments. The commerce ministry is also in

Volatile cotton prices, weak domestic demand hurt Gujarat's denim industry

Most MSMEs running at 60 per cent capacity as high input prices have also made exports costlier

After Covid setback, MSMEs owed Rs 10.7 trn in pending dues: Report

The share of micro and small enterprises stood at Rs 8.73 trillion, 80 per cent of the total pending amount

GST rule change for small businesses a game-changer for ONDC: Goyal

Goyal said another big advantage is for the small retailers who are very keen to engage with ecommerce

Govt approves guidelines for small business cluster development programme

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