{"id":41065,"date":"2019-01-24T17:52:07","date_gmt":"2019-01-24T12:22:07","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=41065"},"modified":"2019-01-24T17:53:04","modified_gmt":"2019-01-24T12:23:04","slug":"why-indian-industry-needs-more-than-msme-sops","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/why-indian-industry-needs-more-than-msme-sops\/","title":{"rendered":"Why Indian industry needs more than MSME sops"},"content":{"rendered":"<p><a href=\"https:\/\/www.livemint.com\/industry\/manufacturing\/why-indian-industry-needs-more-than-msme-sops-1548265280508.html\"><strong>Why Indian industry needs more than MSME sops<\/strong><\/a><\/p>\n<p><strong><u>News<\/u><\/strong><\/p>\n<p>Data from the Centre for Monitoring Indian Economy (CMIE\u2019s) suggests that MSME have shown signs of a recovery in the past fiscal year<\/p>\n<p><strong><u>Important facts<\/u><\/strong><\/p>\n<p><strong><em>Trends:<\/em><\/strong><\/p>\n<ol>\n<li><strong><em>Net Sales: <\/em><\/strong><\/li>\n<\/ol>\n<ul>\n<li>Net sales of MSMEs declined considerably between fiscal year 2012 and 2016. However, it improved in 2017-2018.<\/li>\n<li>The improvement in net sales growth for MSMEs has been entirely driven by the manufacturing units\u2019 sales growth<\/li>\n<li>However, sales growth in the services sector declined for the third consecutive year in 2017-18.<\/li>\n<\/ul>\n<ol>\n<li><strong><em>Credit:<\/em><\/strong> Data from Reserve bank shows that credit growth has also improved in recent months with the entire improvement led by credit growth to medium-sized enterprises.<\/li>\n<li><strong><em>Jobs:<\/em><\/strong> The small and medium-sized enterprises has cut jobs for the seventh straight year in 2017-18.<\/li>\n<\/ol>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-41077\" src=\"https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2019\/01\/mint.jpg?resize=549%2C471&#038;ssl=1\" alt=\"\" width=\"549\" height=\"471\" srcset=\"https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2019\/01\/mint.jpg?w=549&amp;ssl=1 549w, https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2019\/01\/mint.jpg?resize=150%2C129&amp;ssl=1 150w, https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2019\/01\/mint.jpg?resize=300%2C257&amp;ssl=1 300w\" sizes=\"auto, (max-width: 549px) 100vw, 549px\" \/><\/p>\n<p><strong><em>Recent Government Measures for MSMEs:<\/em><\/strong><\/p>\n<ol>\n<li>59-minute loan portal (loans up to 1 core) to enable easy access to credit for MSMEs.<\/li>\n<li>2% interest subvention for all GST registered MSMEs, on fresh or incremental loans.<\/li>\n<li>Increase in interest rebate from 3% to 5%, for exporters who receive loans in the pre-shipment and post-shipment period<\/li>\n<\/ol>\n<p><strong><em>Pertaining issues:<\/em><\/strong><\/p>\n<ol>\n<li>Regulatory red tape<\/li>\n<li>uncertainties in tax and investment policies<\/li>\n<li>infrastructural deficits<\/li>\n<li>Size-based policy relief measures: The measures are often counter-productive and discourage firms to grow by creating strong incentives to operate beneath the official size category.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>Why Indian industry needs more than MSME sops News Data from the Centre for Monitoring Indian Economy (CMIE\u2019s) suggests that MSME have shown signs of a recovery in the past fiscal year Important facts Trends: Net Sales: Net sales of MSMEs declined considerably between fiscal year 2012 and 2016. However, it improved in 2017-2018. The&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/why-indian-industry-needs-more-than-msme-sops\/\">Continue reading <span class=\"screen-reader-text\">Why Indian industry needs more than MSME sops<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-41065","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704891377},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/41065","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=41065"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/41065\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=41065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=41065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=41065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}