By B Yerram Raju In India, 98% of manufacturing micro and small manufacturing enterprises (MSMEs), estimated at 1.6 crore, are single-owner enterprises even if they are proprietary or partnerships and family enterprises or private limited enterprises. Stages of their growth are similar to biological organisms like the seeds transforming into flowering or fruit-bearing trees. This […]
Hyderabad: The Ministry of Micro, Small and Medium Enterprises is inviting online applications for national awards for the year 2022. The awards will be given in manufacturing, service, export oriented, technologically efficient manufacturing, women entrepreneurs, and Divyang categories, a release said. Cash prizes range from Rs one lakh to Rs three lakh. Eligible MSMEs can […]
In addition to this, the FKCCI demanded that the banks and financial institutions should not insist for additional collateral security while providing stimulus to other economic sectors such as garment, hospitality, education etc.
The funds from the Series A round, which also saw participation from India Quotient, will be used in further product development and to drive customer acquisition, a statement said.
Pointing out that the Micro, Small and Medium Enterprises (MSMEs) are constrained today in terms of cash flows, time gap in realising receivables, among others.
Addressing a virtual event organised by the Global Alliance for Mass Entrepreneurship (GAME), Kant said credit scenario in India in recent years for a greater part has been seen as a drag on the economy.
Procurement of stores from development partners, safeguarding of free issue material through insurance cover instead of bank guarantee (BG) are other facilitating measures adopted to help the industry.
One such initiative is the setting up of an advisory committee to identify enterprises from this segment so as to provide them with the required support
The sources said the objective is to provide support to all those affected and if there are no takers for the scheme, there is no need to extend the scheme even though there is some room left
