MSMED Act news

Loans sanctioned in 1,33,448 cases under 59-minutes Scheme to MSME

Press Information Bureau Government of India Ministry of Finance 23-July-2019 17:45 IST Loans sanctioned in 1,33,448 cases under 59-minutes Scheme to MSME Out of 2,00,660 applications submitted, 1,59,583 applications for loans on the psbloansin 59 minutes.com portal have been accorded in principle approval since the launch of the portal. ...

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Posted Under: Corporate Law |

How to file Online Udyog Aadhaar Form

Guidelines for Filling the Online Udyog Aadhaar Form Note: A. EM-I has been abolished. Need not file through Udyog Aadhaar.   B. Udyog Aadhaar (UA) is for running units. No need to apply for upcoming units.  C. New Feature Added for Search Facility of NIC Code to Avoid 3 Step Selection of NIC Activities.  D. OTP […]...

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Posted Under: Corporate Law |

Export Promotion Council Established for MSME Sector 

Ministry of Micro, Small and Medium Enterprises (MSME) has recently established an Export Promotion Cell with an aim to create a sustainable ecosystem for entire MSME development.The benefits likely to accrue to the MSMEs are:...

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Posted Under: Corporate Law |

Join Online GST Certification Course by Taxguru & MSME Covering Recent Changes

Due to overwhelming response and feedback from previous batches, TaxGuru, GST Professionals and Govt. of India (Ministry of M.S.M.E) announces its Jan’ 2019 Batch for Advanced Online GST Certification Course. Learn GST in a Practical way and become an Expert in this field....

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59 minute loan, 25% procurement & other initiatives for MSMEs

PM launches historic Support and Outreach Initiative for MSME Sector ♣ PM unveils 12 key initiatives ♣ 59 minute loan portal to enable easy access to credit for MSMEs ♣ Mandatory 25 percent procurement from MSMEs by CPSEs ♣ Ordinance for simplifying procedures for minor offences under Companies Act The Prime Minister, Shri Narendr...

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Posted Under: Corporate Law |

MSME loans up to Rs. 1 crore – All you want to know

Release ID: 1547245 (25/09/2018)

1. What is the minimum and maximum loan amount one can borrow through the portal? An MSME can avail business loan from Rs 1 Lakh to Rs 1 Crore through www.psbloansin59minutes.com. 2. What if I do not file/have GST Return/Income Tax Return/Banking Details? We are sorry, you will not be able to complete the borrower journey on www.psbloansi...

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Posted Under: Corporate Law |

MSME Certification Course on Wealth Creation by Value Investing

INVITATION TO JOIN CERTIFICATION COURSE ON Wealth Creation by Value Investing by Ministry of MSME, Govt. of India. Value investing is a structured stock selection method to create incredible amount of wealth. In spite of so many divergent methods of wealth creation, value investing fundamentals have remained the same for decades to produ...

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No Fee for MSME Registration

Ministry of MSME has clarified today, that Udyog Aadhar Memorandum is the only form of registration for MSMEs in India and there is no fee for the registration. This has been clarified in view of some complaints received by the ministry, regarding fee charged by certain agencies for facilitating the registration....

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Posted Under: Corporate Law |

Credit rating not necessary for Micro and Small Enterprise (MSE) to get concessional loan

Credit rating is not a necessary requirement for any Micro and Small Enterprise (MSE) to get loan from Banks and Financial Institutions at economical rates. However, credit rating serves as a trusted third party opinion on the creditworthiness of the MSEs and a good rating helps the MSEs in obtaining faster and concessional credit from ba...

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Posted Under: Corporate Law |

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