Tradeindia Exim Newsletter
05, january 2021
MSME policy measures in 2020

The year 2020 witnessed manifold effects of a tumultuous pandemic -- massive loss of human lives, collapse of economies, industrial doom and job losses. But it led governments across the world to go for some never-seen-before measures to revive their economy and industrial sectors. In India also, among other sectors, the MSME sector, was injected with massive stimulus packages, and we also witnessed several significant reforms for which the sector would otherwise have to wait for years.

One among such path-breaking reforms include change in definition of MSMEs, according to which these units are now defined based on a composite criteria of investment in plant & machinery/equipment and turnover. After 14 years since the MSME Development Act came into existence, the revised definition was announced. Also, the Centre accepted the demand of the export sector for excluding revenue collected through exports from the turnover limits fixed for MSME.

Another significant development was in terms of delayed payment. As part of the Atma Nirbhar Bharat package, it was announced that MSME dues should be paid in 45 days, following which regular follow-up and concerted efforts were made for payment of dues to the sector. Also, the MSME Ministry launched the SAMADHAAN portal to enable MSEs to directly register their cases relating to delayed payments by Central Ministries or Departments or CPSEs or State Government and other buyers.

Continue Reading...
Have questions on trade related issues? Ask Here
Read More
Click here for more Trade Shows.
Upcoming Trade Shows in | December | January | February
This year, we appreciate your continuous supports for additional services, such as page contents, keywords tracking, SEO, and ads. With your patience and supports, the E-catalog website looks very great and professional. More importantly, the E-catalog website is consistent with our brand, competition and strengths...

Miss Deborah Lai
You have received this mail because you have subscribed for trade india's Exim Newsletter. To unsubscribe Click Here