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Credit rating is not a necessary requirement for any Micro and Small Enterprises (MSEs) to get loan from Banks and Financial Institutions at economical rates, said Minister of State (Independent Charge) for Micro, Small and Medium Enterprises (MSMEs) Dinsha Patel in a written reply to a question in the Rajya Sabha.

Finance Minister Pranab Mukherjee Monday said that credit flow to micro, small and medium enterprises (MSMEs) in most part of the central and western states is still lower and emphasized the need to extend mainstream banking facilities to micro firms, manufacturing and service sectors, and people from 'all strata' including small farmers and the poor.

The government has cleared 28 micro & small enterprises - cluster development programme (MSE-CDP) proposals, informed the ministry of micro, small and medium enterprise (MSME) in a press release on Friday.

The Ministry of Micro Small and Medium Enterprises ("MSME") had in a notification dated 2nd November, 2018, made it mandatory for companies procuring goods or services from micro and small enterprises and making payments exceeding 45 days from the date of acceptance or the date of deemed acceptance of the goods or services (such companies are now known as "Specified Companies") to file/submit a half-yearly return to the Ministry of Corporate Affairs (MCA) regarding the same.

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Following the recommendation of the Task Force set up by the Prime Minister, Dr. Manmohan Singh, the National Small Industries Corporation (NSIC) has set the MSME - Marketing Intelligence Cell for the assistance of Micro, Small & Medium Enterprises (MSMEs).

National Small Industries Corporation (NSIC) has signed an Memorandum of Understanding (MoU) with Ministry of Micro, Small and Medium Enterprises (MSME), in the capital on Tuesday.

A recent media report has said that in a bid to enable the MSMEs (Micro, Small and Medium Enterprises) to import technology and equipment from USA, the Export Import (Exim) Bank of India has signed a Master Guarantee Agreement with the Exim Bank of USA.

The idea of giving 20 percent reservation to small units in public sector (PSUs) under the procurement policy will come into reality by mid of next month, said Dinsha J. Patel, Minister of State (Independent Charge) for Micro, Small and Medium Enterprises (MSME) in the national capital on Tuesday.

Andhra Pradesh Government has announced a new industrial policy for the next five years, which offers a series of incentives, especially for micro, small and medium enterprises (MSMEs).

The Reserve Bank of India (RBI) Deputy Governor K C Chakrabarty Friday said that there is a need for greater participation by banks to help the country's micro, small and medium enterprise (MSME) sector both with credit and non-credit services.

The government is promoting eco-friendly technology for the micro, small and medium enterprises (MSMEs) through various schemes, says Minister of State (Independent Charge) for MSME, Dinsha Patel informed this in a written reply to a question in the Lok Sabha on Tuesday.

Micro and Small Enterprises (MSEs) are in for a windfall, as the government may approve the 20 percent purchase policy for MSEs in a month, said Dinesh Rai, Secretary MSME, on the sidelines on an event in the capital on recently.

The outlays for Khadi & Village Industries Sector (KVI) is expected to increase by around Rs.377 crore compared to 2008-09, said the Minister of State (Independent Charge) for Micro, Small & Medium Enterprises, Dinsha Patel.

To make micro, small and medium enterprises (MSMEs) healthier, more sops are likely to come in the mid term appraisal of the eleventh plan. This was stated by Arun Maira, Member of Planning Commission, who is also a member of the MSME Task Force.

Finance Minister Pranab Mukherjee said on Wednesday that much more is required to be done for development of the micro, small and medium enterprise (MSME) sector in the country.

Finance Minister Pranab Mukherjee on Friday said that the government is committed to double credit flow to the micro, small and medium enterprise (MSME) sector within five years.

Dearths of funds and delayed payments have forced the Micro and Small Enterprise (MSE) sector to perform below capacity, a study conducted by the industry lobby ASSOCHAM said Sunday.

India's National Small Industries Corporation (NSIC) and Local Enterprise Authority (LEA), a statutory authority of the government of Botswana, both of which support micro, small & medium enterprises (MSMEs) in the corresponding countries, signed an agreement of mutual cooperation for the development MSME sectors in the two countries.