Chamber of Small Industries Association (COSIA) has urged the government to revisit the issue of GST on leased land affecting MSME across the country. In an official release, COSIA president Sandeep Parekh said that the GST department has put the industry in a state of fear by sending summons and has started an investigation into […]
Read moreIndia is unique among the big economies of the world in statutorily mandating compulsory audit for all companies, irrespective of their size and characteristics. In view of the significant role played by companies in India in the economic growth and development of the Nation, it is essential that the regulatory environment is conducive to support, […]
Read moreFrom 2nd July, 2021, the Government has included Retail and Wholesale Trades as MSME. The Government, vide notification no. S.O. 2119(E) dated 26.06.2020, had notified composite criteria of classification of MSMEs based on investment in plant and machinery or equipment and turnover of the enterprise. With the introduction of new classification of MSMEs w.e.f. 01.07.2020, a […]
Read moreMinister of MSME and Road Transport and Highways Shri Nitin Gadkari announced revised guidelines for MSMEs with inclusion of Retail and Wholesale trades as MSMEs. In a Tweet he said under the leadership of PM Shri Narendra Modi Ji, we are committed to strengthening of MSME and make them engines for economic growth. Shri Gadkari […]
Read moreMinistry of Micro, Small and Medium Enterprises Extends Validity of Udyog Aadhaar Memorandum from 31st March, 2021 to 31st December, 2021 Ministry of Micro, Small and Medium Enterprises has issued an amendment to the original notification No. S.O. 2119 (E) dated 26.06.2020 vide 2347(E) dated 16.06.2021, extending the validity of EM Part-II and UAMs from […]
Read moreMSME: Ministry of Micro, Small and Medium Enterprises (MSMEs) launches another funding scheme to help the distressed MSME sector. The Scheme will provide Rs. 20,000 crore of guarantee cover to two lakh MSMEs. This is a sub-debt facility to the promoters of those operational MSMEs which are distressed or NPA. Minister of MSME, Shri Nitin […]
Read moreMSME Registration for Traders: During a meeting of Shri Nitin Gadkari, Union Minister for MSME and Road Transport and Highways with the representatives of Council of Leather Export, FICCI-‘NBFC Program’ and IMC Chamber of Commerce and Industry on impact of COVID-19 on MSMEs, some of the questions were asked and the suggestions given. Major Points […]
Read moreMinistry of MSME gears up to implement the New Norms of classification of MSMEs the upper ceiling for classification of MSMEs now has been raised New definition and criterion notified; and will come into effect from 1st July, 2020 Exports will not be counted in turnover for any enterprises whether micro, small or medium Detailed […]
Read moreMSME: Union Ministers Prakash Javadekar, Nitin Gadkari and Narendra Singh Tomar addressed the media on the decisions made at Cabinet dated 1st day of June, 2020. Key highlights of Press briefing are – Cabinet approves revision in definition of MSME Cabinet approves Rs 20,000 crore distressed assets fund for MSME The scheme provides debt facility […]
Read moreMSME Loan: MSME stands for Micro, Small and Medium Enterprise. Any Individual who wants to start new business or expand existing business can take a Startup Business Loan under MSME Loan scheme. Sometimes, it is also known as SME loan. Earlier the criteria used to classify MSME was on the basis of Investment in Plant […]
Read more