Category: MSME

The MSME Ministry has proposed the Trade Enablement & Marketing Scheme to help MSEs onboard ONDC. The MSEs will be provided subsidies via seller network participants to help cover costs for services like creating catalogues, managing accounts, packaging, and logistics. Earlier this year, ONDC also launched the Digi Ready Certifications (DRC) portal for the MSME […]

The Government is planning to revamp the production-linked incentive (PLI) scheme for the telecom sector in a bid to quickly boost exports and incorporate more micro and small units into the manufacturing ecosystem. Funding for the expanded scheme may not be a challenge since the Department of Telecomm­unications (DoT) has surplus funds of more than […]

Record-Breaking Fundraising in First Half Since SME Platform Launch In the first half of 2024, fundraising through initial public offerings (IPOs) of small and medium enterprises (SMEs) has achieved a significant milestone, reaching Rs 3,095 crore by June 13. This amount is approximately two-thirds of the total Rs 4,686 crore raised throughout 2023, marking the […]

Mr. Chandrakant Salunkhe, Founder & President, SME Chamber of India & Federation of Indian SME Associations felicitated Mr. Jiten Ram Majhi, Union Minister for MSMEs on his appointment as a Minister. Mr. Salunkhe had briefed about the current economic scenarios of MSME sectors, their issues, hurdles for further growth, various initiatives to be taken to […]

This included 4.27 crore women employees and 2.15 crore employees in enterprises not covered under the Goods and Services Tax (GST) regime or exempted from the CGST Act, 2017 and the job count has grown 6.8 times. The revision in the definition of MSMEs provided ease in doing business and promoted investment and employment. Moreover, […]

Other than clause H, there are seven other clauses — a list of expenses allowed as deductions under the heading ‘Income from Business and Profession’ — under Section 43B for businesses and professionals while computing their taxable income. A section of MSMEs and traders in India is expecting the revision or revocation of the new […]

Mumbai : Micro, medium and small enterprises and their workforce in the state have threatened to opt for NOTA this election as a mark of protest for ignoring their demand for a separate MSME secretariat to coordinate and resolve issues of poor promotional and infrastructural support to them. Maharashtra has the highest number of small […]