SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 11 Nov, 2019  

msme-THMB-2010.jpg Govt to buy 10 pc of bonds issued by MSMEs: Minister

Gadkari.9.jpg
   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
SME Times News Bureau | 11 Nov, 2019

MSME Minister Nitin Gadkari on Monday said that the government will buy 10 per cent of the bonds issued by the MSMEs to support them in tapping the capital market.

"MSMEs account for 49 per cent of the exports from the country. We are planning new schemes to support the MSMEs that have good potential for exports. If they raise bond issue in the capital market, 10 per cent will be purchased by the government," Gadkari said.

He further suggested that having an Indian partner would help navigate the regulations in the country and benefit from various government schemes and incentives present in different sectors.

"We are going to start digital data-based credit rating system (MSMEs). You can get the rating of an industry from anywhere. It will help you in taking decisions," he said.

He added that India has huge potential both in rural areas and big cities, and the government will extend all support to those wanting to start manufacturing here.

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
PM Modi's recent US visit to redefine India-US bilateral relations
 Yes
 No
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter