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As is widely understood, the annual Budget is a political document responding to short to medium-term economic challenges. Formally, it is an annual revenue and expenditure statement outlining the government’s priorities. As with any financial statement, the fine print matters the most, not obvious from the media headlines. Yet, it is useful to read the…
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A view of a MSME Industrial unit at Ambattur Industrial Estate in Chennai. | Photo Credit: The Hindu Micro, Small and Medium-scale Enterprises (MSMEs) that employ 23.24 crore people in the country continue to face challenges in the regulatory environment, noted the Economic Survey tabled on Friday (January 31, 2025). “Regulatory compliance burden holds back…
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A worker operates a machine inside a small scale manufacturing unit in Mumbai. File | Photo Credit: Reuters The Supreme Court has held that banks or creditors are required to identify the incipient stress in the account of the Micro, Small and Medium Enterprises (MSMEs), before their accounts turn into non-performing assets. A Bench headed…
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Watch: Union Budget gives a leg-up to MSMEs, manufacturing sector The Union Budget for 2024-2025 has a package of support measures for the Micro, Small and Medium-scale Enterprises (MSMEs) and the labour-intensive manufacturing sector. According to the Economic Survey tabled on Monday, the contribution of MSMEs to all-India manufacturing output in FY 22 was 35.4%…
Read More “Union Budget gives a leg-up to MSMEs, manufacturing sector” »
Watch | What’s in it for the MSMEs? | Interim Budget 2024 Source link
The revamped credit guarantee scheme for Micro, Small and Medium Enterprises (MSMEs) will take effect from April 1, through infusion of ₹9,000 crore in the corpus, said Union Finance Minister Nirmala Sitharaman while presenting the Union Budget 2023. “This will enable additional collateral-free guaranteed credit of ₹2 lakh crore. Further, the cost of the credit…