TReDS: Only 35% companies registered on invoice discounting platform out of nearly 5,000 identified by govt in April 2021

TReDS: Only 35% companies registered on invoice discounting platform out of nearly 5,000 identified by govt in April 2021

Ease of Doing Business for MSMEs: A year after the government identified total companies with a turnover of more than Rs 500 crore to onboard the trade receivables financing platform TReDS, the registration count is far from 100 per cent. According to information available from the MSME Ministry, 4,714 such companies were identified by the … Read more

KVIC clocks Rs 1.15 lakh cr turnover in FY22

KVIC clocks Rs 1.15 lakh cr turnover in FY22

The Khadi and Village Industries Commission (KVIC) achieved a whopping Rs 1.15 lakh crore turnover in 2021-22, growing at a rate of 20.54 per cent from the previous year, the government said on Saturday. The MSME ministry stated that KVIC has achieved a height which remains a distant goal for all FMCG companies in India. … Read more

RAMP program for MSMEs: What targeted interventions are needed for its success

RAMP program for MSMEs: What targeted interventions are needed for its success

By Pradeep Multani Ease of Doing Business for MSMEs: The MSME sector in India has been contributing significantly to the country’s economy as a major partner in the socio-economic development process. MSMEs are able to survive in the current competitive environment due to their flexibility and resilience. However, there are many persistent challenges like availability … Read more

MSME Ministry’s Tech Centers begin recovery from Covid slump as revenue, number of trainees jump in FY22

MSME Ministry’s Tech Centers begin recovery from Covid slump as revenue, number of trainees jump in FY22

Skill, Labor, Talent for MSMEs: MSME Technology Centers or TCs (formerly known as Tool Rooms) under the MSME Ministry have started to pull out of their Covid-induced slump as the total number of trainees trained across 18 TCs in the financial year 2021-22 registered an 8 per cent jump to 1,44,224 from 1,33,301 in FY21. … Read more

KVIC sees highest placements for its trainees; pips NSIC, Tool Rooms, other MSME Min units in skilling: Govt data

KVIC sees highest placements for its trainees;  pips NSIC, Tool Rooms, other MSME Min units in skilling: Govt data

Skill, labor and talent for MSMEs: Total 69,831 people were trained as of February 28, 2021, for various skill-based jobs and / or entrepreneurship across centers established by KVIC, Tool Rooms, NSIC, NI-MSME, Coir Board, and Technology Center Systems Program (TCSP) Division during the year. Skill, labor and talent for MSMEs: Khadi and Village Industries … Read more