MSMED Act - Page 4

Relief Measures Taken for MSME’s by FM on 13th May 2020

1. Collateral Free Automatic Loan to MSME: No guarantee required. Period 4 Years. No principal repayment for 1 year. Scheme can be availed till 31st Oct 2020. 45 lakh units can resume business activity and safeguard jobs. Borrowers with up to Rs. 25 crore outstanding and Rs. 100 crore turnover eligible 2. Stressed MSME: Subordinate [&hell...

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Posted Under: Finance |

Importance of MSMEe Facilitation Centre; In the Post Covid-19 India

The Government of India on Wednesday announced the special economic package under the government’s Atmanirbhar Bharat Abhiyan-India’s Rs 20 lakh crore Covid-19 economic package. The entire package is aimed at providing a much-required boost to the Indian Economy which might otherwise face the inevitable economic slump due to long lock...

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Posted Under: Finance |

Sanjivani to MSME by Our Prime Minister Shri Narendra Modi JI

Today we Indians proud to have our Prime Minister  Shri NarendraModi ji and we as citizen of the country really experienced that we are in safe hand. Today as our Guardian he proved that when we need he is there to safeguard us. As far Economy is concern we have been taken out of ICU now it is our duty to fulfil his dream of 5 Trillion E...

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Posted Under: Finance |

Old Vs. New MSME Classification

Micro, Small and Medium Enterprises (MSME) is one of the most distressed sector during Covid-19. It employs a huge number of people and contributes to around 30% of Indian GDP. There are severe supply chain disruptions especially in the businesses that provide essential services. It is difficult for them to continue paying workers during ...

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Posted Under: Finance |

Economic Reform 2 amidst lockdown

FM started by stating that our Prime Minister has always been on the side of reform for better ease of living in the country. She added that the Prime Minister has laid out a vision after several discussions at various levels. Inputs obtained were given due consideration. This is to spur growth and built a […]...

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Posted Under: Finance |

Post Lockdown- MSME Action Plan

In India we have completed more than 6 weeks of lockdown. The phase of life which we everyone doesn’t think in their dreams. Almost all the countries are into lockdown, and businesses across the globe are operating in fear of an impending collapse of global financial markets and demand....

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An Insight Into Micro, Small And Medium Enterprises

Micro, Small & Medium enterprises are the backbone of growing Indian economy. From some time, this term has come into lime light because government has issued various Rules, Directives and also enacted law for promotion, development and enhancing competitiveness of MSMEs. In this article, we will be covering following points:- 1. An i...

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Debt Recovery under MSME- Best in Business after IBC Law

There is no doubt that Delayed Payment has been and is the biggest problem majority of the business entities are facing and there are very less companies who pay to its vendors in time. This delay in payment to MSME creates a huge financial problem as due to this the money is stuck and the […]...

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Recovery of Debt under MSME

MSME = Traders not MSME, Turnover will decide MSME soon, Recovery of Debt under MSME = [Be a Part of MSME Now] MSME stands for Micro, Small, and Medium Enterprises. In accordance with the Micro, Small, and Medium Enterprises Development (MSMED) Act in 2006, the enterprises are classified into two divisions. Manufacturing enterprises (enga...

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Brief about MSME & MSME Aadhar Udyog Registration

Brief about Micro, Small & Medium Enterprises (MSME- Aadhar Udyog Registration) Meaning of Micro, Small & Medium Enterprises: 1. What are Micro Enterprises: Micro Enterprises means for Manufacturing Sector having Investment in Plant & Machinery Up to 25 Lakhs & for Service Sector having Investment in Equipment up to 10...

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