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Govt considers measures to boost MSMEs

The Indian government is considering measures to boost MSMEs, including integrating them with international markets, digital support for global competitiveness, easing GST compliance, and providing low-cost credit. These measures are expected to be announced in the interim budget on February 1. The government aims to make MSMEs globally competitive and reduce the high cost of credit, which is a major obstacle to their growth. Details of the schemes may be unveiled in the full budget for 2024-25 by July. | Latest News India ....

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Agricultural entrepreneurs decry short term funding from lenders

Experts say the best they can get are one-year loans, which is considered unsustainable for growth. ....

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Tamil Nadu issues GO to waive peak-hour electricity charges for MSME sector; but industries not satisfied

CHENNAI: The Tamil Nadu government has issued an order (GO) waiving peak-hour electricity consumption charges for the MSME sector until installation o. ....

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Jharkhand export, MSME policies to be unveiled on Nov 15, statehood day, ET Auto

The major policies that are lined up for the launching include the Jharkhand Export policy, MSME, Start-up and Jharkhand IT Data and BPO promotion policy. ....

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UCO Bank: UCO Bank realigns growth strategy with focus on profitable corporate lending

State-owned lender UCO Bank is shifting its growth strategy to focus on expanding its corporate loan portfolio in a profitable manner. The bank will prioritize retail, MSME, and agriculture as its key drivers of growth in the coming quarters. This strategic shift coincides with delayed rate cut expectations due to global inflation and geopolitical uncertainties. ....

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