Rahul Gandhi Attacks BJP Govt, Says They Destroyed MSMEs
Ahead of the 2023 Assembly elections in five Indian states, Congress leader Rahul Gandhi addressed a press conference and highlighted the importance of small businesses and MSMEs. He said, MSMEs are the backbone of employment. The bulk of jobs are produced by MSMEs. Empowering small businesses and entrepreneurs will revive India's economy. Attacking the BJP policies, Gandhi said their laws are destroying MSMEs and filling pockets of Adani… read-more
Tags: Rahul Gandhi, Indian Politics, MSMEs, Congress, BJP Government
Courtesy: Twitter
Centre Extends Credit Line Guarantee Scheme Till March 2022
The central government has extended the Emergency Credit Line Guarantee Scheme (ECLGS) worth ₹4.5 lakh crore relief scheme till March 2022. This move will help the small and micro-enterprises gain momentum and overcome the setback caused by the lockdowns during the Covid-19 pandemic. The scheme was earlier due to expire in September 2021. The NCGT Company Limited is yet to update the revised coverage norms of the scheme.
Tags: Covid-19, FINANCE MINISTRY, ECLGS, MSMEs, MSME CREDIT GUARANTEE SCHEME
Courtesy: The Hindu
Piyush Goyal Asks Big Corporations To Support MSMEs, Startups
Commerce Minister Piyush Goyal convoked the big corporations to play a "nationalistic role" by supporting MSMEs and small businesses instead of neglecting them. He motivated leading businesses to set aside a corpus of Rs 10,000 crore to prevent startups from being acquired by foreign companies and commit to paying MSMEs within seven days of supplies. He especially targeted Tata Sons for “opposing consumer protection regulations” for e-… read-more
Tags: Big Corporations, Piyush Goyal, Nationalistic Role, MSMEs, Startups
Courtesy: The Indian Express
RBI's Loan Moratorium To MSME Did Not Solve Repayment Problem: Experts
Finance experts claimed that the loan moratorium extended to MSME beneficiaries during a six-month period (March-August 2020) has not improved their repaying capacity. Terming moratorium as "oxygen mask", the Consortium of Indian Associations (CIA) Spokesperson KE Raghunathan said that the move only delayed the suffering of MSMEs. While FKCCI president S Sampathraman raised concerns about demand, Raghunathan urged the Centre to roll out MSME-… read-more
Tags: business, MSMEs, financial support, Loan Moratorium Period
Courtesy: Financial Express
Pune Emerges As Maharashtra's Top Destination In Job Creation
Maharashtra Economic Survey has revealed that Pune alone has generated 23.59 lakh jobs out of the total 90.01 lakh jobs generated in the state. The survey also crowned Pune as most lucrative destination for Micro, Small and Medium Enterprises (MSMEs) in the state as it cornered Rs 69,866 crore of the total Rs 2,38,543-crore investment for the sector. Besides, Pune houses 20 of the 37 Special Economic Zones of Maharashtra as well.
Tags: business, Pune, Maharashtra , Jobs, MSMEs
Courtesy: The Indian Express