PSUs must blacklist delinquents in MSMEs` payment Public Sector Units (PSU) must blacklist all contractors and sub-contractors who are delinquent in timely payment to MSMEs. Socially responsible PSUs should own up the responsibility of payment to...Continue reading..
The government will support small-scale manufacturers, who are meeting export compliances, meeting delivery schedules and support them with finance, legislation, certification, quality control programs and R&D to make them leaders in their r...Continue reading..
The fin-tech non-banking institution, TIHCL, already an expert in diagnostic study and curative solutions for small business sickness, supports troubled units' revival through combined strategies, which include handholding, mentoring, counseling and...Continue reading..
Payment crisis faced by micro small and medium enterprises (MSME) is still a big concern. A large number of companies whom we met in the one and a half years as part of our survey said that one of the major reasons for their crisis was the payment d...Continue reading..
Companies that are able to pay employees deserving beneﬁts should be made to pay strictly. It is found, in our study, some companies with enough capacity refuse to pay even a rupee, set aside what they deserve, even in the case of those who superann...Continue reading..
As per the existing definition, micro-enterprise investment in plant and machinery does not exceed Rs 25 lakhs, between 25 lakhs and Rs 5 crore, small enterprise and up to Rs 10 crore medium enterprises.For the survey, we visited hundreds of small u...Continue reading..
The last year saw MSME segment's combined export reaching all time high level in terms of value. According to the Directorate General of Commercial Intelligence and Statistics (DGCIS), India's Micro, Small and Medium Enterprise(MSME)sector record...Continue reading..
Specialised officers who are trained internally take care of MSME vertical to ensure that the ultimate connotation is achieved. The saral centres are working at various regional offices. Currently, Union Bank's MSME asset size stands around Rs69,000...Continue reading..