MSMEs

Centre announces Rs50k cr equity infusion for MSMEs, rise in MSP for 14 kharif crops

The Centre has approved Rs 50,000 crore equity infusion for MSMEs to strengthen their growth potential. The MSME has been severely hit by the pandemic and the resultant lockdown. Union Minister Prakash Javadekar said the decision on equity infusion will allow micro, small and medium enterprises (MSMEs) to get listed on stock exchanges. The Centre...

Guj govt to soon release Rs790cr subsidy due to 18k MSMEs in state

The Gujarat government has told industries that Rs790 crore of subsidies due to MSMEs in the state will be released soon. The Southern Gujarat Chamber of Commerce and Industry (SGCCI) in a release said MSME commissioner, Ranjit Kumar was asked about the pending subsidies of MSMEs in Gujarat and the administration said that Rs790 crore...

Former FM Chidambaram asks Sitharaman, Gadkari to settle their accounts first

Former finance minister P Chidambaram on Friday asked BJP’s Nirmala Sitharaman and Nitin Gadkari to settle their own accounts first. The tweet came as a jibe at the solutions the two ministers have proposed for the problems faced by MSMEs in the country. “Minister Gadkari says that governments and PSUs owe Rs 5 lakh crore...