Tag: MSMEs

Odisha announces Rs 289.42 crore as Covid-19 assistance to MSMEs

BHUBANESWAR: Odisha Chief Minister Naveen Patnaik has approved a package of Rs 289.42 crore for the benefit of MSMEs in order to combat the Covid-19 pandemic situation in the state. The package includes a number of assistance measures such as interest subvention, top-up subsidy, reimbursement of state GST and waiver of annual institutional maintenance charges. […]

Flipkart Wholesale launches B2B marketplace for kiranas, MSMEs

BENGALURU: E-commerce platform Flipkart on Wednesday launched operations of its digital business-to-business marketplace, Flipkart Wholesale, with an aim to connect local manufacturers with retailers and bring the entire wholesale marketplace at their fingertips. The platform is currently available for fashion retailers, especially footwear and apparel, in Gurugram, Delhi and Bengaluru, with plans to expand to […]

No fresh bankruptcy for 1 year, special insolvency framework for MSMEs

NEW DELHI: In a major relief for businesses, Finance Minister Nirmala Sitharaman on Sunday announced that no fresh insolvency case will be admitted for the next one year in view of the coronavirus pandemic. The government had earlier suspended any fresh admission for six months. Further, the government will also set up a special insolvency […]

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