According to the Ministry of Micro, Small and Medium Enterprises (MSMEs), Government of India plans to launch a toll-free helpline for SMBs (small and medium businesses), which would offer assistance on issues like finance, taxation, marketing, laws, and other relevant…
Category: MSE India Updates
News, updates, developments and information about Professional Micro and Small Enterprises in India
SME Sector is Hiring People Tentatively
Industries are optimistic in hiring mode. SMEs are looking for skilled labor especially fitters and ITI graduates, who are in short supply. They are mostly on the lookout for fitters, tuners and machine operators including CNC machine operators, who are…
Indian Banks Slowdown Lending to SMEs Due to Interest Rates Hike
Most of the Indian banks expect disbursement of term loans to SMEs to slowdown in the coming quarters, as these SMEs have halted their expansion plans due to the hike in the interest rates. Of course, the working capital is…
Indian SMEs in a Disadvantageous Position Due to the Hike in Fuel Prices
The fuel rate hike will increase the sufferings of the small and medium sized businesses in the country because rise in prices of diesel and kerosene will increase the cost of inputs. Most of the small businesses face frequent power…
Indian MSMEs Need a More Realistic and Long-Term Policy Framework in the 12th Five Year Plan
According to the MSME Report 2011 from ISED (Institute of Small Enterprises and Development) on the growth of MSME sector in India, the MSME sector needs a more practical long-term policy framework within the 12th Five Year Plan. The report…