Thursday, October 16, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Manufacturing

Manufacturing: Govt gives Collateral Free Automatic Loans to MSMEs

Fiinews by Fiinews
December 20, 2022
in Manufacturing
Reading Time: 2 mins read
A A
0
Msme initiatives
0
SHARES
10
VIEWS
LinkedinShare on Twitter

Verma updates Rajya Sabha on initiatives for MSMEs

The Government has taken a number of recent initiatives to support MSMEs in the country, including Rs.5 lakh crore Collateral Free Automatic Loans for business, and MSMEs, Rajya Sabha was updated on the sector on 19 Dec 2022.

Further, the initiatives also include Rs.50,000 crore equity infusion through MSME Self-Reliant India Fund, Minister of State for Micro, Small and Medium Enterprises Bhanu Pratap Singh Verma said.

Other initiatives are:

New revised criteria for classification of MSMEs.

No global tenders for procurement up to Rs.200 crores.

“Udyam Registration” for MSMEs, for Ease of Doing Business.

Launching of an online Portal “Champions” in June, 2020, to cover many aspects of e-governance including grievance redress and handholding of MSMEs.

Inclusion of Retail and Wholesale trades as MSMEs w.e.f. 2 July 2021.

Non-tax benefits extended for 3 years in case of an upward change in status of MSMEs.

Verma said the MSME Ministry also implements various schemes and programmes for the promotion and development of the sector across the country.

These are Prime Minister’s Employment Generation Programme (PMEGP), Micro and Small Enterprises-Cluster Development Programme (MSE-CDP), Scheme of Fund for Regeneration of Traditional Industries (SFURTI), Credit Guarantee Scheme for Micro and Small Enterprises (CGTMSE) and A Scheme for Promoting Innovation, Rural Industry & Entrepreneurship (ASPIRE). fiinews.com

Tags: Ministry of MSMEs
ShareTweetShare

Related Posts

Medbit
Manufacturing

Manufacturing: MoD signs Rs.659.47cr rifle contract

by Fiinews
October 16, 2025
0
12

MKU-Medbit to supply Assault Rifles to Army The Ministry of Defence has signed a contract agreement worth Rs.659.47 crore for...

Make in India
Manufacturing

Manufacturing: MoD has spent 51.23% of capex

by Fiinews
October 15, 2025
0
11

Most spending on aircraft-aero engines The Ministry of Defence (MoD) has utilised Rs.92,211.44 crore (51.23%) of capital expenditure out of...

PIB

Manufacturing: Shah inaugurates CBG-Potash unit

October 7, 2025
12
OKI

Manufacturing: World to get OKI’s India-made ATMs

October 1, 2025
20
Kayneslogonew (1)

Manufacturing: UST sets up semiconductor facility

September 30, 2025
17
Belden

Manufacturing: Pune Plant 2 to support Belden growth

September 27, 2025
13
SBI YONO
Sabit

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Technology: Impact of FinTech conferences on students and future opportunities in industry

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Manufacturing: MoD signs Rs.659.47cr rifle contract
  • Tender: India develops dedicated rail corridors
  • Tech: Chemicals industry to provide solutions
  • Export: Merchandise demand continues to grow
  • Market: Fintech ecosystems continue expanding

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.