-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...
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Micro and small-scale units appeal against restrictions -M Soundariya Preetha
-The Hindu In the last few months, the industries have seen 30% to 40% fall in orders Coimbatore: Micro and small-scale enterprises here have appealed to the Central and State governments not to re-introduce restrictions even as COVID-19 cases rise in the country. Coimbatore District Small Industries Association president M.V. Ramesh Babu said the raw material prices have seen a slight drop and workers are available for the current level of orders. In...
More »MSMEs hit by Raw Materials’ Price Rise, Entrepreneurs Down Shutters in Protest -Neelambaran A
-Newsclick.in After facing severe setbacks due to demonetisation, hasty implementation of GST, and the ill-conceived COVID-19 lockdown, the MSMEs are gasping due to a steep rise in raw material prices. In a first, the entrepreneurs of the micro medium and small enterprises (MSME) went on a one-day strike across the country on Monday. Affected severely by the policies of the Union government, the ill-planned lockdown in March 2020, and now by the...
More »GDP Numbers: What’s Wrong With How India Measures Manufacturing Output Data -Kaushal Shroff
-TheWire.in A claim of an 8.4% real GDP growth rate has little relevance even as rural India battles plummeting wage levels, depleted incomes and widespread unemployment. With the release of the GDP figures for the quarter ending September, the government machinery has been in full swing advancing the narrative that economic growth is indeed back on track. However, sorely missing from these narratives is the inconvenient factoid on the currently dismal state of...
More »‘Process is punishment, govt loves paper’: MSMEs call out unease of doing business in India -Nikhil Rampal
-ThePrint.in Entrepreneurs on social media have been listing pain points of sustaining businesses in India, noting the many compliances and how digitisation hasn't made processes particularly easy. New Delhi: Multiple compliances, large volume of paperwork and a hostile environment are some of the reasons behind the unease of owning small businesses in India, according to entrepreneurs in the country. Several such entrepreneurs took to social media in the past two days to air...
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