Author RSSChinese 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, includi...
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 a...
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...
IIA welcomes Rail Budget with PPP push
The Railway Budget as presented by the Union railway minister, Mamata Banerjee has been welcomed by the Indian Industries Association (IIA), an apex chamber representing MSMEs.
The railway minister's emphasis on the need to formulate a new business mod...
Trade tax relief for UP exporters
SME export-oriented industrial units across Uttar Pradesh (UP), which so far have been complaining of heavy tax burden, can now heave a sigh of relief thanks to the tax incentive offered by the Mayawati government. A 100% exemption on trade tax will be e...
Budgetary support extended to khadi sector
Small-scale khadi units now have a reason to rejoice as the budgetary outlay for the Khadi and Village Industries Commission (KVIC) has been raised in the Budget 2010-11 with a view to promote domestic khadi goods.
Speaking on the sidelines of the 6th ...
Auto parts cos content with Budget 2010-11
The Union Budget 2010-11 has brought good news for the auto component sector in India with certain key measures being presented by the Union finance minister (FM), Pranab Mukherjee.
Small-scale auto parts companies as well as Auto Components Manufactur...
Contact Gifts suppliers through business portals
In layman terms, business portals are the yellow pages of business people. Business portals help each business person to get relevant business help and provide the best possible information to their class of people.
Gift suppliers are readily availab...
Maran pitches for continuation of textile stimulus
Amid fears arising among textile manufacturers due to rising speculations of the partial withdrawal of stimulus measures, Thiru Dayanidhi Maran, Union textiles minister, called for the continuation of stimulus measures in the Union Budget 2010-11 for the ...
NSIC inks agreement with OVOP for MSME development
An agreement of mutual cooperation has been signed between the National Small Industries Corporation Ltd (NSIC) and One Village One Product (OVOP) Board of Malawi in Lilongwe, Malawi in order to ensure the development of the MSME sector in both countries....
Carpet exports on a recovery path
Although the carpet export sector in India witnessed tough times in 2008-09 and the first few quarters of 2009-10, January 2010 has started off on a positive note for small-scale carpet exporters, with the sector registering an impressive growth during th...
Study on Gujarat MSMEs to help the sector
The Confederation of Indian Industry (CII) in association with PricewaterhouseCoopers (PwC) has released a joint study titled ‘The Gujarat vision: Making MSMEs globally competitive'in order to throw more light on the sector. The study reviews the manner...