Union Finance Minister Nirmala Sitharaman last week presented the first budget of the Modi government in its second term. She laid down a 10-point vision to transform India's economy to reach USD 5 trillion by 2025.
A positive development taking place recently was that banks were taking a shorter time to transmit the repo rate cuts.
One of the components under the schemes is Credit Linked Capital Subsidy (CLCS) under which capital subsidy up to Rs. 15 Lakh is provided to Micro and Small Enterprises (MSEs) for accessing modern technology, said MSME minister Nitin Gadkari.
A day before the union budget was presented, on July 4, union Micro, Small and Medium Enterprises (MSME) Minister Nitin Gadkari announced in the Lok Sabha that the central government is aiming to create an e-commerce website to sell products from the MSMEand Khadi sector.
Kochi: The city would soon be home to a MSME-Technology Centre, that would provide micro, small and medium enterprises (MSMEs) with much needed stimulus by improving the quality of their products through testing and calibration.
Das said right from June liquidity in system is in surplus; banks say deposit cost still high