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When the Central Government introduced the much-awaited Good and Services Tax (GST) in 2017 to the Indian economy, there were many concerns related to crossover from the existing tax regime.

The officials also pointed out the inclusion of a separate sub-target of 7.5 percent under Priority Sector Lending for the micro sector, which required the target to be met in a phased manner.

The Micro, Small and Medium Enterprises (MSME) sector is the backbone of Indian economy and holds immense potential to work with large PSUs including Indian Railways, said Confederation of Indian Industry (CII) Uttarakhand state council vice chairman Mukesh Goyal.

KOLKATA: Some state-run banks are looking to subsidise the small and medium enterprise (SME) borrower in their fees to use the newly launched electronic platform as some customers who would anyway have got the loan are averse to paying a fee. 

The exports of textile and apparel for October grew 38% to Rs 20,353 crore as against Rs 14,779 crore reported in the same month of 2017.

New Delhi: The government has sought details from all central public sector enterprises (CPSEs) on their procurements from micro, small and medium enterprises, especially those owned by women, to assess their support for these small businesses. 

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