Wednesday, April 17, 2019

Micro Units in Manufacturing and Services in India - Growth,Employment, Finance and Challenges




There is really no news regarding micro sector units in India in the last one year. A Google does not show any relevant information.


Five million men lost their jobs post demonetisation: report
The report says the “beginning of the decline in jobs” coincided with the Modi government’s demonetisation move in November 2016, although “no direct causal relationship can be established”.
By ARNIKA THAKUR,  Apr 17, 2019
https://www.fortuneindia.com/macro/five-million-men-lost-their-jobs-lost-post-demonetisation-report/103131


January 29, 2019
Reality Check: How Mudra missed its mark
An India Today review of MUDRA, an acronym for the Micro Units Development and Refinance Agency, has found the collateral-free loan scheme for small businesses has not been able to salvage them from chronic bottlenecks.


3 November 2018
After nearly two years since demonetisation and one-and-a half-years after GST, credit flow has barely made it back to the pre-demonetisation levels. For the micro and small enterprises, total credit flow was Rs. 3,638 billion in September 2018 compared with Rs.3,630 billion in September 2016. For medium enterprises credit flow in September 2018 was Rs.1,053 billion, still lower than Rs.1,107 billion in September 2016.

Prime Minister Narendra Modi’announced  Diwali gift 2018 for micro, small and medium enterprises(MSMEs) that 2% interest subsidy will be given to all those who have taken loans, provided they have registered under goods and services tax (GST).
https://www.newsclick.in/modis-diwali-gift-msme-sector-too-little-too-late


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