New Delhi, June 30 (IANS) The Centre has disbursed approximately Rs 1 lakh crore under the Emergency Credit Line Guarantee Scheme 5.0 (ECLGS) to enable MSMEs and other industries to tide over the liquidity crunch during the West Asia crisis, MSME Secretary Bharat Khera said on Tuesday.Speaking at a Confederation of Indian Industry (CII) event here, Khera said, “Our effort has been to ensure that MSMEs don’t suffer unduly in such times.”Khera said while disruptions caused by the West Asia crisi…
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New Delhi, June 27 (IANS) India’s 8.7 crore MSMEs are driving economic growth by contributing 31 per cent of GDP, 35 per cent of manufacturing output, and nearly 45 per cent of exports, while supporting the livelihoods of 38 crore people — under the visionary leadership of Prime Minister Narendra Modi, Shobha Karandlaje, Union Minister of State for Micro, Small and Medium Enterprises, said on Saturday.The rise in MSME bank credit from Rs 10 lakh crore in 2014 to Rs 37 lakh crore by December 2…
New Delhi, June 21 (IANS) The BRICS nations agreed to deepen cooperation, drive innovation, and build a stronger, more sustainable, and future-ready MSME ecosystem at the meeting hosted by India at Agra over the weekend, according to an official statement issued on Sunday.The inaugural session of the BRICS MSME Forum marked a significant step in strengthening collaboration among BRICS nations and fostering a resilient, innovative MSME ecosystem, the statement said,The event brought together poli…
New Delhi, June 20 (IANS) Micro, Small and Medium Enterprises (MSMEs) are central to achieving inclusive and sustainable economic development, according to Jitan Ram Manjhi, Minister of MSME.The challenges facing enterprises today, whether related to financing, technology adoption, sustainability or market access, require collaborative solutions, he noted. “BRICS countries possess immense strengths and complementary capabilities. Through continued dialogue and cooperation, we can build a robus…
Shimla, June 1 (IANS) A 1993-batch IAS officer, Kamlesh Kumar Pant, on Monday assumed the additional charge of Himachal Pradesh Chief Secretary, replacing Sanjay Gupta of the 1988 batch, who retired a day earlier. Pant, the senior-most IAS officer, was serving as Additional Chief Secretary of Forests. The Department of Personnel has sent a panel of five senior IAS officers to the Chief Minister, Sukhvinder Singh Sukhu, for appointment as the next Chief Secretary.Besides Pant, the panel comprised…
New Delhi, May 1 (IANS) Vishvajit Sahay, a 1990 batch officer of the Indian Defence Accounts Service (IDAS), assumed the charge as Secretary (Defence Finance) in the Ministry of Defence, an official statement said on Friday.Prior to this appointment, he served as the Controller General of Defence Accounts (CGDA).An alumnus of St. Stephen’s College, University of Delhi and a law graduate, Sahay brings over three decades of extensive experience in Defence Finance and Public Administration. Accor…