On Janaushadhi Diwas this year (i.e., March 7th, 2022), Prime Minister Shri Narendra Modi stated that the poor and the middle-class benefited from the 'Jan Aushadhi Kendras' that were set up to provide generic drugs at affordable prices. He said that the poor and the middle class saved around Rs.13,000 crore through these stores during the COVID-19 pandemic. In the wake of COVID 19 crisis, the 'Bureau of Pharma PSUs of India'...
More »SEARCH RESULT
Total Matching Records found : 43
Raising capital the biggest challenge for women-led MSMEs in India: Indifi
-Business Standard The survey discovered that securing capital remains the biggest challenge The number of women-led MSMEs in India has jumped from 2.15 lakh to 1.23 crore in just a decade. However, they face a finance gap of $158 billion and largely rely on informal sources, said a survey by Indifi Technologies, a lending platform for MSMEs, titled ‘Understanding what women-led MSMEs want’. The survey was launched to understand needs and challenges of...
More »MSME suffers most during COVID, lockdown; Public sector banks have MSME NPA of Rs. 1,37,087 crore
-National Herald According to the RBI, gross non-performing assets of MSMEs increased by Rs. 20,000 crores from September 2020 (when it was Rs. 1,45,673) to September 2021 (when it became Rs. 1,65,732 crore) Micro, small and medium enterprises (or MSMEs) seem to be the sector most hit by the pandemic since 2020. According to the Reserve Bank of India, gross non-performing assets of MSMEs increased by Rs. 20,000 crores from September 2020...
More »Govt releases draft MSME policy; proposes 8 ‘action areas’ to overhaul the sector -Sandeep Soni
-FinancialExpress.com Ease of Doing Business for MSMEs: The government has highlighted eight “specific action areas” to “build a vibrant eco-system for the rapid growth of the MSME sector.” Ease of Doing Business for MSMEs: The MSME Ministry has released the draft National Policy for Micro, Small and Medium Enterprises (MSMEs) in India, proposing multiple measures to promote competitiveness, technology upgradation, cluster and infrastructure development, procurement of MSME products and dedicated credit support....
More »MSMEs: Engines of growth for new India -M Srikanth and KG Suresh
-The Hindu Business Line From easing access to credit to leveraging the PLI scheme, MSMEs can tap into a range of policy initiatives In November 2021 the government announced the Special Credit Linked Capital Subsidy Scheme for the MSMEs (Micro Small and Medium Enterprises) in the services sector. The scheme has a provision of 25 per cent capital subsidy for procurement of service equipment through institutional credit to the SMEs for advancement...
More »
