Micro, Small and Medium Enterprises (MSMEs) growth is possible according to the working committee group in 12th Five Year Plan. But for the MSME to grow focus should be laid on finance, credit, technology, infrastructure, marketing, procurement, skill development, and so on.

Prime Minister Manmohan Singh constituted the Working group and it made recommendations to allocate 64,790 crores. Issues concerning ...

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Bank of India has decided to increase its credit services for the benefit of small businesses. Prem Kumar, the general manager said in Ranchi that the bank is going to process loans within a set time frame. This is going to benefit businesses immensely.

Applications of credit proposals ranging between 1 crore and 10 crore shall ...

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New tool makes it easier to register ‘Indianised’ Internet addresses. This tool has been developed for the convenience of Indian companies to find domain names that suit them right. Internet use in India is growing exponentially and so is the craze for domain names. This happened due to a rise in number of small businesses.

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SMEs are small businesses, in their early stage of growth. They exercise little or less control over markets. They, during initial years, have to struggle with cash flow management leading to squeezed reserves and labor shortages which implies high wage costs. A rise in inflation can impact their growth and competitiveness such that in times of hyper-inflation many may not ...

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The Finance Minister announced an investment-linked tax incentive scheme for farm produce and warehouses in the Union Budget. The scheme proposes that all capital expenditure to build and operate such facilities would be fully eligible for small business tax deductions. Business expenditures on land, goodwill and financial instruments would not be eligible for the deductions, said LiveMint.com. The ...

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