The government will soon launch a portal entailing all the relevant information about entrepreneurs, as parts of efforts to encourage innovations and growth in the MSME sector, a top official said Friday.
Sachin Menon, The initial hiccups are out of the way as the new Goods and Services Tax (GST) has settled down considerably. Now, it is time for phase II, which marks the near completion of two years of the new regime and the second term for the National Democratic Alliance (NDA) government.
Inaugurates MSME Day 2019 celebrations and second International SME Convention in New Delhi
New Delhi, 28 June (KNN) The government has asked all the public sector banks (PSBs) to resolve the problems which are being faced by the micro, small and medium enterprises (MSMEs) and submit weekly reports regarding it to give further boost to MSME businesses.
The Indian Micro, Small and Medium Enterprises (MSMEs), currently contributing 29 per cent to the nation’s Gross Domestic Product (GDP) hold the potential to take the figure up to 50 per cent in the next 5 years and Union Minister, Nitin Gadkari has a plan in place to ensure the target is met.
The manufacturing sector’s contribution to the country’s GDP has more than halved in the last two decades, and it may get worse if steps are not taken to fix it, said Satish Marathe, Director, Central Board of the Reserve Bank of India.