Cabinet Committee on Economic Affairs (CCEA)

Cabinet Committee on Economic Affairs (CCEA) approves Upward revision of MSME definition and modalities/ road map for implementing remaining two Packages for MSMEs (a)Rs 20000 crore package for Distressed MSMEs and (b) Rs 50,000 crore equity infusion through Fund of Funds   Fully paved way for Energising the MSME Sector through entire gamut of ‘Atmanirbhar Bharat Package’   In line with Government of India’s top focus on energising MSMEs in the country, a special meeting […]

PM Modi Launches CHAMPIONS: Technology Platform to empower MSMEs

PM Modi Launches CHAMPIONS: Technology Platform to empower MSMEs

Today, Prime Minister Shri Narendra Modi launches CHAMPIONS: Technology platform to empower MSMEs. CHAMPIONS stands for Creation and Harmonious Application of Modern Processes for Increasing the Output and National Strength. This portal is basically for making the smaller units big by solving their grievances, encouraging, supporting, helping and handholding. It is a real one-stop-shop solution of MSME Ministry. This ICT based system is set up to help the MSMEs in present difficult situation and also to handhold them to become national and international champions. […]

Steps taken by Government to Support MSME Sector in fight against COVID-19

With uncertainty of the duration of the COVID-19 pandemic, Government has been working with various regulators and local statutory bodies to come together and work towards repurposing business plans, restart the operation activities, protect employees and workers, boost small and medium-scale businesses. Government has issues relief measures for MSMEs to help them survive this difficult time. Due to the COVID-19 crisis forcing lockdown all over the nation, smaller businesses have been largely affected as their […]