The Centre is mulling extending the interest subvention scheme for MSMEs by another six months beyond the March 31, 2021 deadline as part of its budget proposals. It is also planning to double the ticket size of the loans for which such interest subvention is given to Rs 2 crore. The money is lent by scheduled banks to micro, small and medium enterprises

To promote micro, small and medium enterprises (MSMEs), the Telangana State Industrial Infrastructure Corporation (TSIIC) has kept nearly 992.67 acres of vacant plots available for such enterprises across 52 industrial parks in the state. They have been made available at just a click of a button on the TSIIC website using GIS mapping.

The greenfield leather park in Kanpur’s Ramaipur area, which got clearance from the Centre recently, will receive investments of about Rs. 5,850 crore. These units will produce 75,000 pairs of footwear each day with an annual turnover of Rs. 10,000 crore.

The ministry of micro, small and medium enterprises has identified 14.6 acres at Arasur village in Sulur block near Coimbatore to set up an MSME technology centre. Under the Technology Centre Systems Programme, the government has allotted Rs. 200 crore to set up the centre.

Investments of Rs. 90,000 crore have been proposed in Gujarat, including a Rs. 40,000 crore investment by ArcelorMittal for the expansion of its facility. Essar Steel has proposed investing Rs. 35,000 crore near Surat, while Vedanta Group will invest Rs. 10,000 crore to set up the world’s largest zinc smelter plant.

Odisha has approved a stimulus package of Rs. 289.42 crore for micro, small and medium enterprises (MSMEs) that have been facing challenges due to the Covid-19 pandemic. The package includes measures such as interest subvention, top-up subsidy, reimbursement of state GST and waiver of annual institutional maintenance charges.

Digital-only banks, or neo-banks, have the potential to meet the financing needs of small businesses and help digitise and formalise their operations, according to a Vidhi Centre for Legal Policy report. Access to credit has been a key challenge for India’s micro, small, and medium enterprises (MSMEs), which employ about 111 million people.

Digital-only banks, or neo-banks, have the potential to meet the financing needs of small businesses and help digitise and formalise their operations, according to a Vidhi Centre for Legal Policy report. Access to credit has been a key challenge for India’s micro, small, and medium enterprises (MSMEs), which employ about 111 million people.

NTPC Ltd has invited expressions of interest from MSMEs and Indian companies for setting up energy intensive manufacturing plants such as bulk chemicals ammonia, urea, chloralkali, gypsum and gypsum products, geopolymer, etc in the Industrial parks to be developed on a pilot basis in several of NTPC’s thermal power plants.