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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.

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.

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.

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.

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.

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.

'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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.