MSME refers to Micro, Small and Medium Enterprises. In a developing country like India, MSME industries are the backbone of the economy. MSME are classified into two categories: MANUFACTURING SERVICE They are defined in term of investment in Plant and Machinery/ Equipment as below: MICRO SMALL MEDIUM Manufacturing Enterprises Investment > Rs. 10 Crore Investment […]
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Important points of the Press conference of Honorable FM: 👉 Six major steps for MSME 1. Collateral Free Automatic Loan to MSME. No guarantee required. Period 4 Years. No principal repayment for 1 year. 2. Stressed MSME: Subordinate Debt 20,000 crore 3. MSME doing viable business: 50,000 cr. equity infusion for expansion 4. Definition of […]