msme

BHEL to procure 300 products worth ₹3,000 cr from MSMEs

BHEL to procure 300 products worth ₹3,000 cr from MSMEs

MSMEs, short for Micro, Small, and Medium Enterprises, contribute significantly to any country’s socio-economic development. In India, mainly, MSMEs have gained increasing significance because of the contribution they make towards India’s GDP and exports. Also, the thrust that they provide to entrepreneurship development in the rural and semi-urban areas has earned them the country’s respect.  … Read more

Centre Sets ₹10 Lakh Trigger for MSME Rescue Scheme

Centre Sets ₹10 Lakh Trigger for MSME Rescue Scheme

The Centre Sets ₹10 Lakh Trigger for MSME Rescue Scheme. This simplified scheme of MSME Rescue came for bankruptcy proceedings of small businesses called Pre-Packs. The finance ministry said that under this Pre-Pack Scheme, this would be the minimum threshold of payment default for the Micro, Small, and Medium Enterprises (MSMEs). However, if you’re not registered … Read more

Extension of Deadline for Sub-Debt Scheme for MSMEs

Income tax due date extended

Recently, the Ministry of Micro, Small, and Medium Enterprises (MSMEs) has announced the Extension of the Deadline for Sub-Debt Scheme for MSMEs. As the announcement came over to extend the Credit Guarantee Scheme for Subordinate Debt (CGSSD) till 30th September of 2021, BHEL Small Industries Centre has expressed relief. Why Extension in Date? As this … Read more

SBI to Revamp MSME Lending Ops to Increase Efficiency

SBI to revamp MSME lending ops

The SBI to Revamp MSME Lending Ops to increase efficiency, according to the latest press conference of the SBI. With improvement in certain factors like processes, structure, and operations, the increment of efficiency is achievable in the SME space. it is very important to register Micro, Small, and Medium Enterprises (MSMEs). And, we provide the services … Read more

MSME Sector is the Key Focus Area of NDA Govt

MSME Sector is the Key Focus Area of NDA Govt

As we know, MSMEs, or Micro, Small, and Medium Enterprises play a stellar role in ensuring the growth of a country’s economy. Their contribution towards production, employment, and exports, make them an indispensable part of any economy. In this article, we will discuss on MSME Sector and its importance. Importance of MSMEs in India Although … Read more

RAI Seeks Restoration Of MSME Status For Retailers

RAI Seeks Restoration Of MSME Status For Retailers

Last year in 2020, the Government of India made several changes in Micro, Small, and Medium Enterprises (MSME). As per the change, the retailers are excluded from this giant section and even the small and medium enterprises have to show the annual turnover. RAI seeks restoration of MSME and for the same, the representatives have met … Read more

CAIT demands restoration of MSME status for 8 cr traders

BHEL to procure 300 products worth ₹3,000 cr from MSMEs

In June month of 2017, the government took away the status of MSME from about 8 crores wholesale as well as retail traders. Now, the Confederation of All India Traders (CAIT) has come forward and demanded the restoration of taken Micro, Small & Medium Enterprise (MSME) status from these traders who are part of the … Read more

Jio Taps MSMEs to Shore Up Revenues

Jio Taps MSMEs to Shore Up Revenues

According to estimates, India’s GDP is expected to grow over the next few years considerably. The government is also extensively focussing on its ‘Make in India’ initiative promoting domestic manufacturing. As such, MSMEs in India is poised to witness an expansion. In turn, this will lead to a rise in the demand for digital services. … Read more

MSME Udyam registration simplified: GSTIN not mandatory, PAN card can be used

MSME Udyam registration simplified

GSTIN became one of the mandatory requirements for registration on the portal on April 1, 2021, as announced on November 26, 2020. Therefore, several MSME organizations reported that the requirement of a GSTIN is affecting the registration process. To resolve this, the Government announced the excellent news of simplified MSME Udyam registration. In this article, … Read more

Budget 2021 Expectations For MSME Sector

Budget 2021 Expectations For MSME

The Finance Minister has announced the new schemes and incentives to boost MSME sector also raised the bar of expectation of all the taxpayers including Micro, Small and Medium Enterprises(MSME). In this article, we will discuss the Budget 2021 Expectations For MSME. Budget 2021 Expectations For MSME The Finance Minister has brought up with the … Read more