How Startups Differ from MSMEs

How Startups Differ from MSMEs In the business landscape, the terms "Startups" and "MSMEs" (Micro, Small, and Medium Enterprises) are often used interchangeably, leading to confusion among many. While startups and MSMEs contribute significantly to the Indian economy, they possess…

Extension of Validity of Documents for Ascertaining MSME Classification

Extension of Validity of Documents for Ascertaining MSME Classification Ministry of Micro, Small and Medium Enterprises (MSME), vides Gazette Notification no. S.O. 2134(E), dated May 6, 2022, has announced that the existing enterprises registered before June 30, 2020, shall continue…

Modified Norms of Interest Equalization Scheme for MSME exporters

Modified Norms of Interest Equalization Scheme for MSME Exporters The Reserve Bank of India (RBI) has extended the interest equalization scheme for pre and post-shipment rupee credit for MSME exporters till March 2024, intending to boost outbound shipments. RBI, on…

National MSME Awards Scheme

National MSME Awards Scheme The Ministry of Micro, Small, and Medium Enterprises has issued the operational guidelines in respect of the National MSME Awards Scheme vide a Notification dated 21st January 2022. The Ministry with a view to recognizing the…

Inclusion of Urban Street Vendors in MSME Category

Inclusion of Urban Street Vendors in the MSME Category Ministry of Micro, Small, and Medium Enterprise (MSME) has announced a revised definition for MSMEs with the Inclusion of urban street vendors in the MSME category. With the revised guidelines, the street…

SBI announces COVID-19 related Credit Schemes

SBI announces COVID-19 related Credit Schemes SBI announces COVID-19 related Credit Schemes for borrowers whose operations are impacted by the Coronavirus outbreak. A maximum loan amount of upto Rs 200 Crores or 10 percent of the existing fund-based working capital…

Liberalised MSME AEO Package

Liberalised MSME AEO Package Central Board of Indirect Taxation & Customs (i.e. CBIC), vide circular no. 54/2020-Customs dated 15th December 2020 and press release dated 7th January 2021, has introduced and promoted the ‘Liberalised MSME AEO Package’. Vide the package,…

MSMESaksham

MSMESaksham Micro, Small and Medium Enterprise sector (MSME) is certainly the growth engine of the developing country like India. Recently, a comprehensive financial education and knowledge platform, named MSMESaksham was launched specifically for MSMEs. MSMESaksham is developed with a vision…

Animal Husbandry Infrastructure Development Fund (AHIDF)

Animal Husbandry Infrastructure Development Fund (AHIDF) The Ministry of Animal Husbandry, Dairying and Fisheries launched the Animal Husbandry Infrastructure Development Fund (AHIDF) worth Rs. 15,000 Crores, which was approved under the Atma Nirbhar Bharat Abhiyaan stimulus package. The key objective…

ReSTART Package for MSME

ReSTART Package for MSME Amidst the financial crisis being faced by the industries due to the ongoing pandemic, the Government of Andhra Pradesh has launched a revival package called ‘ReSTART Package. The key objective of this package is to strengthen…