The contribution and potential of the MSME sector is growing rapidly in India. MSMEs are the 2nd largest contributors to country’s economy. They can be considered as backbone to Indian economy, as they contribute to 45% of Industrial output and…
Growth and Performance of the MSME Sector in India
The MSMEs (Micro, Small and Medium Enterprises) are backbone to all the countries in the world. In India, MSME sector is a great contributor of manufacturing output, exports and employment. The sector accounts for about 40% on total exports and…
Indo-Zimbabwe Project for Empowering SMEs
The Ministry of Small and Medium Enterprises and Cooperative Development has initiated a project for the development of SMEs in the country in 2006. Accessing technology is one of the biggest challenges for many SMEs. From the past decade, technology…
SEBI Relaxes Share Listing Rules for SMEs
According to the recent relaxation of listing rules by SEBI, Indian SMEs (Small and Medium Enterprises) can disclose their financial results every six months to the Securities and Exchange Board of India (SEBI). There is no need to send full…
Indian Retail SMEs Estimated to Have 20% Growth in 2011 – IKS survey
A survey conducted by the India MART Knowledge services (IKS) on the SMEs of retail sector revealed that around 72% of the SMEs expected the sales growth by more than 20 percent in 2011. As per the survey, 60% of…
Uttar Pradesh MSMEs Facing Lack of Institutional Credit – IIA
The Indian Industries Association (IIA) reported that the micro, small and medium enterprises (MSMEs) of Uttar Pradesh had been lacking institutional credit. This was found to be the major hindrance for their growth. As per the all India census of…
Indian SMEs Hit by Rising Interest Rates in 2011
The rising interest rates from banks have affected the Indian SMEs a lot. The SME sector had to face worries with the substantial increase of interest from 53.60 percent to 60.71 percent after withdrawal of 2% interest subvention from all…