MSME ministry

Government expects job creation to improve under PMEGP

Government expects job creation under Prime Minister's Employment Generation Programme (PMEGP) "to improve" in the coming days, notwithstanding the consistent decline witnessed in the number of jobs created under the scheme since 2012-13.

Jan 01, 2017, 11:38 AM IST

Cabinet clears signing of pact between India, Sweden on MSMEs

The government on Saturday approved signing of an agreement between India and Sweden to promote cooperation in the MSME sector.

May 30, 2015, 15:24 PM IST

NSIC to focus on innovation, skill development in MSME sector

National Small Industries Corporation (NSIC) has signed a pact with the government for promotion of innovation and entrepreneurship to give a fillip to the MSME sector in the country.

Mar 30, 2015, 18:15 PM IST

Govt proposes norms for easier exits, revival of MSMEs

The government has proposed amendments to the MSME Act with the twin objectives of time-bound exit and revival of loss-making units to help them consolidate their businesses and re-deploy capital in other greenfield ventures.

Nov 16, 2014, 18:58 PM IST

Govt to help MSMEs access bank loans at cheaper rates: Mishra

The MSME Ministry is in talks with public sector banks to extend loans to micro, small and medium enterprises at base rate to help the sector access vast capital from financial institutions at lower costs, Union Minister Kalraj Mishra said today.

Sep 17, 2014, 15:52 PM IST

MSME Ministry inks MoU with Samsung to open technical schools

The Micro, Small & Medium Enterprises (MSME) Ministry today joined hands with consumer electronics major Samsung to set up technical schools across the country for imparting technical skills to youth.

Aug 04, 2014, 17:31 PM IST

PSUs will have to procure 20% from MSEs, come April 2015:Govt

As per data available, procurement of approximately Rs 14,442 crore, Rs 12,931 crore and Rs 3,799 crore was made from MSEs by Central Ministries/ Departments / PSUs in the year 2011-12, 2012-13 and 2013-14 respectively.

Jul 15, 2014, 15:52 PM IST

'MSME Ministry planning incubation centres to boost sector'

The government is mulling launching district-level incubation centres across the country to revitalise the micro, small and medium enterprises (MSME) sector and encourage entrepreneurship as per the Budgetary provision, a senior bureaucrat said here Saturday.

Jul 12, 2014, 18:02 PM IST

MSME Ministry seeks waiver of loan to Khadi Village Board

A loan of Rs 738 crore had been released to the All India Khadi and Village Industries Board in 1955, before it was taken over by the Khadi & Village Industries Commission, which is under the MSME Ministry.

Mar 01, 2014, 19:58 PM IST

Over 20 lakh jobs created under PMEGP: MSME Ministry

"More than 20 lakh persons have been provided employment under the PMEGP which is being implemented by the Ministry of Micro, Small and Medium Enterprises," an official statement said.

Feb 02, 2014, 17:57 PM IST

MSME Min to convene meeting of various banks on Monday

The Micro, Small and Medium Enterprises (MSME) Ministry will hold consultations with heads of various banks on Monday to persuade them to improve credit flow to the small industries.

Dec 06, 2013, 15:40 PM IST

MSME Min to ask banks' heads to improve credit flow to sector

The Ministry of Micro, Small and Medium Enterprises will soon convene a meeting of chiefs of banks to persuade them to improve flow of credit to the MSME sector.

Oct 09, 2013, 16:34 PM IST

MSME Ministry in favour of raising investment cap for SMEs

Micro, Small and Medium Enterprises (MSME) Minister K H Muniyappa is in favour of increasing the investment cap to USD 2 million in small and medium units, from which global retailers have to source 30 percent of items under the multi-brand retail policy.

Jul 26, 2013, 15:35 PM IST

30% sourcing from small units a must: MSME Ministry

The MSME Ministry today said the global multi-brand retailers must have to comply with the mandatory 30 per cent sourcing norm from small industries.

Jul 25, 2013, 19:56 PM IST

MSME Min to hold talks with banks for easier access to credit

The Micro, Small and Medium Enterprises (MSME) Ministry will hold consultations with banks to persuade them for improving flow of credit to small sector.

Jun 18, 2013, 16:12 PM IST

Not consulted on single brand IKEA FDI move: MSME Ministry

Global single brand retailers like IKEA may find it tough to get easing of norms for compulsory sourcing from the Indian tiny and small units, with the Ministry of MSME strongly opposing the move of the Commerce and Industry Ministry.

Aug 07, 2012, 17:09 PM IST

MSME min seeks special fund for defence, pharma in 12th Plan

The MSME Ministry proposes to provide incentives to emerging entrepreneurs in defence, robotics and biotech sectors during the 12th Five-Year plan, a senior government official said.

Oct 06, 2011, 16:47 PM IST

Govt mulling task force to help MSEs with procurement policy

The MSME Ministry plans to set up a task force to help micro and small enterprises take advantage of the new procurement policy being framed by the government.

Aug 25, 2011, 15:25 PM IST

MSME Min takes up taxation issues of PE players with FinMin

The MSME ministry has asked the finance ministry to resolve the double-taxation issue faced by private equity investors, who want to invest in the sector which contributes about 8 per cent to the economy, an official said.

Aug 22, 2011, 18:35 PM IST