Ease of Doing Business for MSMEs: The government currently already has a business-to-business marketplace Government e-Marketplace (GeM) to help MSMEs sell directly to government organisations and departments.
Credit and Finance for MSMEs: Gross bank credit growth for MSEs in the services sector continued to scale north. From 10.2 per cent YoY growth in September and 10 per cent in October, services MSEs saw deployment up by 9.1 per cent in November worth Rs 7.57 lakh crore from Rs 6.94 lakh crore in November 2019.
Credit and Finance for MSMEs: Under ECLGS 2.0, Rs 3,344 crore was disbursed to 1,188 borrowers out of Rs 15,571 crore sanctioned to 2,772 borrowers as of January 8, 2021. The amended version focused on entities in 26 stressed sectors identified by the Kamath Committee along with the healthcare sector.
Skill, Labour, Talent for MSMEs: MSMEs have created 11.10 crore jobs (360.41 lakh in the manufacturing sector, 7,000 in non-captive electricity generation and transmission sector, 387.18 lakh in trade, and 362.22 lakh in other services) in the rural and the urban areas, as per the MSME Ministry FY20 report.
The DPIIT had constituted the council on January 21, 2020, to suggest the government various steps required “to build a strong ecosystem for nurturing innovation and startups in the country to drive sustainable economic growth and generate large scale employment opportunities".
Union Budget 2021 Expectations for MSMEs: Many in the MSME sector are looking forward to the upcoming budget with high hopes especially since the government has been forthcoming and helpful during the pandemic.
Kamath, however, acknowledged that there has been a palpable change in the broader mindset and believes that the emerging crop of new investors will be more forthcoming in supporting Indian entrepreneurs.
Union Budget 2021 Expectations for Startups: Angel Tax is levied on non-DPIIT registered startups receiving investments from angel investors if the consideration for the issue of shares exceeds the Fair Market Value (FMV) of such shares.
"Competition in payments is getting mature and when you see challengers, they all will find what is it they stand for. Payment is so fundamental as a business that it will inevitably have n number of players,” Vijay Shekhar Sharma, Founder, Paytm said in a fireside chat with Anant Goenka, Executive Director, The Indian Express on Tuesday.
Union Budget 2021 Expectations for MSMEs: The government had waived the onboarding fee of Rs 10,000 on TReDS platforms in September last year till March 2021 and had also integrated the new portal for registration of MSMEs — Udyam Registration with TReDS and government e-commerce platform GeM for seamless transactions.