"msmes"

Hyderabad: The Government of Telangana and the National Stock Exchange of India (NSE) have signed a Memorandum of Understanding (MoU) to help MSMEs grow in the State. The MoU was exchanged between Hari K, chief business officer, NSE and Jayesh Ranjan, principal secretary, Industries and Commerce Department, Government of Telangana, in the presence of KT […]

Hyderabad: Even though the Budget announced a few schemes for startups like the tax holiday and capital gains exemption for investment by another year, the ECLGS credit scheme to provide collateral-free loans to stressed SMEs, and the emphasis on NariShakti, experts feel a lot more could have been announced for the ecosystem. Stating that not […]

Hyderabad: The Finance Minister also announced that the Emergency Credit Line Guarantee Scheme (ECLGS) will be extended to cover the next fiscal as well, with expanded guarantee cover of Rs 5 lakh crore. This will help the MSMEs that have been hit by the pandemic, said Mahesh Desai, Chairman of Engineering Export Promotion Council. The […]

Hyderabad: The Union Budget 2022-23 focuses on a long-term plan for the country with digitisation, urban development, and sustainability at its core. For the real estate sector, the budget placed an outlay of Rs 48,000 crores under the Pradhan Mantri Awas Yojana, and construction of 80 lakh homes will facilitate affordable housing. Real estate sector […]

By B Yerram Raju In the context of the stress faced by the justice dispensing system for several reasons, chief of them being the huge pendency of cases, the Government of India thought it expedient to provide a new forum and procedure for resolving international and domestic commercial disputes quickly culminating in setting up of […]

Though the latest data suggests that India’s GDP grew 8.4% in the July-September quarter— no doubt an encouraging performance given the gloomy predictions earlier — it is still premature for any celebrations. The economy is still reeling under the impact of the devastating pandemic and the worst is not yet over, a fact borne out […]

By Mahitha Lingala Telangana has moved ahead a significant distance from growing at 2.7% in the undivided State to 13.3% in mere six years after bifurcation, a rate which is higher than the national average. Its Industrial Policy introduced in 2015 contributed immensely to this surge bringing in over Rs 1.4 lakh crore. IT exports […]

Hyderabad: Small Industries Development Bank of India (SIDBI) has entered into a collaboration with Google for having a social impact lending programme with financial assistance up to Rs 1 crore at competitive interest rates targeted at micro enterprises, under a Rs 110-crore ($15 million) corpus fund. This corpus fund has been brought as a crisis […]

The IT industry body said Telangana is among the select States that are using digital platforms for enhanced government-citizen engagement

Initiative likely to benefit more than 30,000 individual women borrowers and 7,500 MSMEs in India

DIY capability of the product allows small business owners to integrate digital technologies into their day-to-day operations without the need of any prior expertise, making it easy to adopt

Last financial year, TRICOR approached TIHCL for viability assessment of 26 distressed enterprises, which suffered financial and other constraints, especially in the wake of pandemic

Major focus will be on SMEs in edtech, water & sanitation, cleantech, healthcare, food & agritech sectors 

New Delhi: The Global Alliance for Mass Entrepreneurship (GAME) and the Small Industries Development Bank of India (SIDBI) have signed a pact to help micro, small and medium enterprises (MSMEs) address their challenges that were accentuated during the pandemic. The broad themes covered under the partnership include expanding credit access, increasing formalisation, building competitive clusters, […]

Financial stability is a public good, and so government has a vital role in maintaining price stability and welfare growth

Writes to Nirmala seeking changes to ensure maximum benefits to MSMEs

It has suggested that the surplus funds of ESIC (Employees State Insurance Corporation) should be used for providing wage support measures/stimulus packages for the employees.

Creating safe working zones is necessary, for it is not possible to perpetually fear and abstain from livelihood activities

Moratorium should be extended up to March 2022 on all EMIs of term loans as well as interest on cash credit accounts.

In Telangana, M1xchange has about 300 MSMEs from auto, pharma and heavy engineering sectors.