Recent News

PM to inaugurate ‘Textiles India’ on June 30 2017

Prime Minister Narendra Modi will inaugurate Textiles India — a mega event showcasing the country as a global sourcing hub — here on June 30, where several Union Ministers and key policymakers will deliberate upon issues and challenges faced by the sector. The three-day conference will be attended by Union …

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Karnataka Bank has bagged MSME Banking Excellence Awards – 2016

Karnataka Bank has bagged MSME Banking Excellence Awards – 2016, instituted by Chamber of Indian Micro, Small & Medium Enterprises, under the category – ‘CSR Initiatives & Business Responsibility Award– Runner Up-(Emerging Category)’ karnataka bank… Chamber of Indian Micro Small & Medium Enterprises [CIMSME], is instituted to recognize and reward …

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Pradhan Mantri Mudra Yojna is encouraging women to take charge and become entrepreneurs.

Through the scheme, the government was able to disburse money to the underprivileged and claimed that 70 per cent of the beneficiaries were women. With the help of banks and PMMY scheme launched in 2015, people who earlier used to struggle in getting loans can now easily opt for loans. …

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15th Meeting of National Board of MSME to be held on 27th April 2017 at Vigyan Bhawan Delhi

  The 15th meeting of the National Board for Micro, Small and Medium Enterprises (MSMEs) will be held on April 27, 2017 during which discussions over newly released MSME Policy Report and Public Procurement Policy will be held. The meeting, to be held under the chairmanship of Union MSME Minister …

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Maharashtra girl wins Rs 1 crore under ‘Lucky Grahak Yojana’ scheme

20-year-old Shradha Mengshette, a second-year student of Electrical Engineering from Latur won an amount of Rs 1 crore after she won the mega draw under the Lucky Grahak Yojana scheme. Mengshette was felicitated with the award by Prime Minister Narendra Modi in Nagpur. She won the reward for making a …

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PM Narendra Modi launches BHIM-Aadhaar app

Prime Minister Narendra Modi on Friday launched BHIM Aadhaar app for retailers and merchants which lets citizens make purchases without their smartphone or even credit/debit cards. How BHIM Aadhaar app works? The app authenticates a customer’s biometric details linked to his Aadhaar account through fingerprint scanner. The app can thus …

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Small and medium business are advertising on Facebook because it is helping drive results

Social networking platform Facebook recently announced that it now has 65 million businesses pages on Facebook, 8 million have profiles on Instagram. In a blog post released this week Facebook said with more than 5 million active advertisers on Facebook, it needs to provide solutions for businesses so customers can …

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How enforcing input tax credit can hurt the MSME economy

Long before the Goods and Services Tax (GST) got Parliamentary approval last week, there were opportunities through draft laws for accountants, lawyers, tax-paying enterprises — even technology companies—to participate in its creation. “The government and administrative machinery are dialogue-oriented,” notes Bharat Goenka, managing director of software company Tally Solutions. Yet, …

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How digital payment apps BharatQR, UPI, BHIM, NUUP work

As the government shifts focus toward cashless society, it also pushed a bouquet of digital payment options in the form of apps and services like BharatQR code, Unified Payments Interface (UPI), BHIM app, and National Unified USSD Platform. These services were introduced alongside existing banking services such as internet banking, …

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