Waiting for Maharashtra government’s economic package for MSMEs, says Chandrakant Salunkhe, founder of SME Chamber of India

July 8, 2020

MSMEs employ 16 crore people. This is excluding the additional 10 crore people that are employed unofficially, stated Chandrakant Salunkhe, founder and president of SME Chamber of India in an interview to FPJ’s Jescilia Karayamparambil. So, to revive a sector, which creates millions of jobs, the state and the central governments will have to devise a …

Work From Village and stop Corona Spread

July 6, 2020

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Chandrakant Salunkhe’s interview in lokmat

July 2, 2020

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Maharashtra govt to set up special cell to assist financially-strained SME firms

June 26, 2020

The Maharashtra Government at a cabinet meeting has decided to set up a special cell in the Maharashtra Industrial Development Corporation (MIDC), which will provide financial, administrative and legal advice to those sick SME companies, who face difficulties in approaching NCLT for resolving outstanding issues. The cabinet has also approved an Investment Coordination Officer for …

Coronavirus impact: MSMEs demand loan moratorium till March 2021

May 20, 2020

Key Highlights MSMEs demand extension of moratorium on all loans till March 31, 2021 Indian Industries Association (IIA) claims government entities owe Rs 500 crore to its members Industry body IIA wants government officers to be accountable for delays Payment cycle of receivables has also gone up adding to their woes. Peeved over lacklustre response …

Maharashtra CM announces 40,000-acres of land to attract companies post-Covid-19

May 20, 2020

Keeping in mind the possibilities of global investors looking at the country for setting up new businesses and industries in the post-Covid-19 world, the Chief Minister of Maharashtra has announced a 40,000-acre land bank. In his recent address to the State, he had said that at a time when the world has come to a …

Government pushes MSMEs to produce PPEs, sanitisers for export

May 18, 2020

KEY HIGHLIGHTS Government pushes MSMEs for producing coronavirus related items such as sanitiser and PPE kits for export MSME Ministry to take up industry demand to extend moratorium on all loans for another 3-6 months Guidelines for Rs 3 lakh crore collateral-free loans to MSMEs announced by FM Nirmala Sitharaman last week would be finalised …

Economic relief package ‘frivolous and gimmicky,’ say MSME bodies

May 14, 2020

KEY HIGHLIGHTS FM on Wednesday announced Rs 3 lakh crore collateral free, government-guaranteed loans for MSMEs saying it will benefit 45 lakh small businesses  She also announced Rs 50,000 crore equity infusion for MSMEs through Fund of Funds. The move will help MSMEs with growth potential and viability to expand further.  Top MSME industry bodies …

New MSME definition has a message: No longer have to stay small to avail benefits

May 14, 2020

IN THE first part of its latest economic stimulus package, the government Wednesday broadened the definition of Micro, Small and Medium Enterprises (MSMEs) by revising the limit of investment in machinery or equipment and introducing a ‘turnover’ criteria a reform measure that seeks to reverse the traditional policy bias in favour of units staying small …