Author RSSCall for extension of 2% interest subvention for garment exporters
The Ministry of Textiles has sought the extension of concessional export finance scheme to the beleaguered garment export sector in India, which has been excluded from availing the 2% interest subvention benefit in the Union Budget 2010-11.
Speaking on...
Corporate advisory services to benefit SMEs, investors
CNI Research, an organisation focusing on small and mid-cap companies listed on Bombay Stock Exchange (BSE), has now forayed into offering investment and financial advisory services by entering into an agreement with Gateway Strategic Advisors.
“With...
Tax structure transformation boosts SMEs
Although the Union Budget 2010-11 may not have conceded all the demands of the various small-scale industry associations in India, a few budgetary proposals have provided enough reason for celebration to the SME sector in India. The SME sector as well as ...
Improved credit flow for MSME sector
The Working Group recently presented a report, including recommendations,for the MSME sector. Enhancement of the limit for collateral free loans to the MSME sector to Rs 10 lakh from Rs 5 lakh and suggestion for guarantee fee for collateral free loans to ...
Indian herbal industry set to bloom
Buoyed by the popularity of ‘Made in India’ herbal products and upsurge in medicinal treatments across the world, the Indian herbal industry is growing significantly. With the tremendous growth of the sector, SMEs dominating the segment are also witne...
Govt taking adequate steps to promote handicraft sector
SMEs in the Indian handicrafts sector can now promote their product basket effectively across the world thanks to the various initiatives undertaken by the government to promote the sector.
Highlighting the various measures initiated by the government ...
Scheme launched for generating world-class SME leaders
The launch of a scheme worth £37 million, which is aimed at sharpening business skills of entrepreneurs, has been announced recently by the Welsh Assembly Government. The scheme is expected to nurture management skills and hone business acumen of around ...
Tribulations for Ludhiana sewing machine industry continue
The sewing industry in Ludhiana, which was already suffering due to stiff competition from Chinese players, is now in deeper trouble as volatility in raw material prices continue to hurt the small-scale units constituting the sector. Industry representati...
Coimbatore small units content with Budget
The Union Budget 2010-11 has brought cheer among industry representatives in Coimbatore and small-scale units in the region, with some prominent steps being taken by the Union finance minister, Pranab Mukherjee. Clear growth-oriented focus provided by the...
Chinese bankers call for boost to SME lending
China Merchants Bank Co Ltd and China Minsheng Banking Corp have called for provision of tax incentives and easing of norms in order to boost lending to SMEs in China with a view to help them recover from the global economic downturn as well as create mor...
Grants for Cebu SMEs to go 'green'
In a bid to help SMEs in Cebu go ‘green’ and adopt eco-friendly means of operations, the European Commission recently released grants worth P65 million. The grant will be extended in the form of technical assistance programme to Cebu-based SMEs, inclu...
Irish SME lending deteriorating
Banks have refused to provide credit assistance to 55% Irish SMEs during the period December 2009-February 2010, as compared to 42% in October last year, which has been revealed by a survey conducted by the Irish Small and Medium Enterprises (ISME).
Th...
ADB to boost MSME lending
The Asian Development Bank (ADB) will provide loans worth Rs 1,380 crore through an innovative financing programme in order to develop and expand India’s MSME sector.
The ADB board of directors has sanctioned a partial credit guarantee (PCG) of up to...
FIEO welcomes extension of export finance scheme in Budget 2010-11
The Federation of Indian Export Organisations (FIEO) has welcomed the Union Budget 2010-11, appreciating finance minister, Pranab Mukherjee for extending the concessional export finance scheme to handlooms, SMEs, handicrafts and carpet export sectors for ...
Tax relief for Chhattisgarh SMEs
In what has come as a relief to small industrial units in Chhattisgarh, the state government has recently announced the entry tax exemption for items that are manufactured by small units.
After presenting the Budget for fiscal 2010-11 in the Assembly r...