Tag: MSMEs

Union Budget gives a leg-up to MSMEs, manufacturing sector

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Union Budget gives a leg-up to MSMEs, manufacturing sector

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%…

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Wet grinder manufacturers in Coimbatore move to other businesses

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Wet grinder manufacturers in Coimbatore move to other businesses

Wet grinder manufacturing at a unit in Coimbatore. File | Photo Credit: M. Periasamy Festival season, when sale of kitchen equipment peak, does not offer hope for wet grinder manufacturers in Coimbatore. Manufacturers of the grinders, a product that has Geographical Indication tag, are moving to other businesses as demand has slumped. R. Soundarakumar, president…

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Budget 2023 | Revamped credit guarantee scheme for MSMEs to be implemented from April 1

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Budget 2023 | Revamped credit guarantee scheme for MSMEs to be implemented from April 1

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…

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