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Govt includes retail and wholesale trade under MSME category

Govt includes retail and wholesale trade under MSME category
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State lays out plan to help MSMEs

State lays out plan to help MSMEs
Updated:
Updated:
Validity of statutory licences will be extended till December
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Validity of statutory licences will be extended till December
Tamil Nadu Chief Minister M.K. Stalin on Tuesday announced a few measures to help the micro, small and medium enterprises overcome some of the challenges posed by the lockdown.
“At the meeting, the industrial sector raised certain concerns. The Chief Minister was sympathetic towards the concerns, and has announced these measures,” MSME Secretary Mangat Ram Sharma told
The Hindu.
He said the State government would immediately release 60% (₹168 crore) of the ₹280 crore sanctioned for granting capital subsidies to these units this fiscal. All eligible units would get the capital subsidy. The government extended the timeline for registration of the memorandum of deposit without penalty till December to help these units get bank loans. The window was ear ....

Tamil Nadu , Mangat Ram Sharma , Small Enterprises , Technology Upgradation Scheme , Development Authority , Credit Guarantee Fund Trust For , Chief Minister , Tamil Nadu Pollution Control Board , Industrial Safety , Guarantee Fund Trust , Technology Upgradation , Reserve Bank , Insurance Regulatory , தமிழ் நாடு , மங்காட் ரேம் ஷர்மா , சிறிய நிறுவனங்கள் , தொழில்நுட்பம் மேம்படுத்தல் திட்டம் , வளர்ச்சி அதிகாரம் , கடன் உத்தரவாதம் நிதி நம்பிக்கை க்கு , தலைமை அமைச்சர் , தமிழ் நாடு பொல்யூஶந் கட்டுப்பாடு பலகை , தொழில்துறை பாதுகாப்பு , உத்தரவாதம் நிதி நம்பிக்கை , தொழில்நுட்பம் மேம்படுத்தல் , இருப்பு வங்கி , காப்பீடு ஒழுங்குமுறை ,

MSMEs: FM doubles budgetary allocation for MSMEs, but one scheme gets the king's share

Synopsis
The Union Budget 2021-22 has earmarked an allocation of Rs 15,700 crore for the Ministry of Micro, Small and Medium Enterprises more than double of the last year.
iStock
The biggest takeaway of this category has been the allocation earmarked to GECL facility to eligible MSME borrowers.
For the Covid hit MSMEs, the key highlight of the Union budget 2021 remained a higher outlay to the sector.
To accelerate the revival of the Covid- hit sector, Finance Minister Nirmala Sitharaman has made a provision of Rs 15,700 crore for the sector. The sector, touted to be the backbone of the nation’s economy, was allocated Rs 7,572 crore in the previous union Budget of 2020-21. ....

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