The Live Nagpur
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary

The Live Nagpur

  • Home
  • City
  • Politics
  • Business
  • Education
  • Entertainment
  • Sports
  • Health
  • Crime
  • Forest
  • Featured
  • Vidarbha
Nation

 Finance Minister’s economic package for MSME sector will energise the indigenous industry: Gadkari

by TLN Team May 13, 2020
written by TLN Team May 13, 2020

Union Minister for MSMEs and Road Transport & Highways Shri Nitin Gadkari has welcomed the relief package for MSME sector announced by the Finance Minister today. In a video message from Nagpur, he said, this package will energize the local indigenous industry with new life.

Shri Gadkari said, the turnover of the village industry has been around Rs 88 thousand crore, which we aspire to take forward to Rs 5 lakh crore in the next two years. He said, the stimulus package announced today, will help achieve this target in a big way. The Khadi sector will play a big role in this as it is entering into exports also.

The Minister was very upbeat over the change of definition of the MSME sector. Raising of investment limit in this sector to Rs 100 crore will give a great boost to the industry, which will now get easy finance from banks. The sector was demanding this revision for long, he said. The Fund of Funds, which has a corpus of Rs 10 thousand crore, will benefit over 25 lakh MSMEs under stress. Similarly, easing off a global tendering norm is a remarkable step, he said. Shri Gadkari expressed hope that now new orders will be received from Defence and Police for uniforms, etc.

He said, economic support to this sector which gives employment to over 11 crore people and contributes by nearly 29 percent of GDP, can never be forgotten by the stakeholders of this sector. He expressed confidence that the MSME, village and cottage industry sector will grow to new heights with the support of this package.

0 comment
FacebookTwitterLinkedin
TLN Team

previous post
Economic package by FM will bring liquidity in the country
next post
“Fun Learning Activities and Simple Home Assignments Helped us to Fill Students Time” Nisha Saraf

You may also like

Cyber alert! Telecom ministry asks citizens not to...

June 6, 2023

NIRF rankings: IITs retain top ranks, IISC-Bengaluru declared...

June 5, 2023

MP Tourism Board promotes sustainable tourism on the...

June 5, 2023

Watch: Under construction bridge collapses in Bihar’s Bhagalpur

June 5, 2023

16 temples in Ahmednagar impose dress codes, check...

June 4, 2023

Root cause behind Odisha train tragedy revealed

June 4, 2023

Union Minister Nitin Gadkari Launched Country’s First Traffic...

June 3, 2023

Kavach couldn’t have prevented the accident: Vande Bharat...

June 3, 2023

Orissa train accident: The route did not have...

June 3, 2023

Balasore tragedy: Several long distance train cancelled, check...

June 3, 2023

Trending News

  • Coromandel express accident: Train derailment in Odisha leaves over 200 dead, 900 injured

    June 3, 2023
  • Block spam calls using this step-by-step process

    June 2, 2023
  • Ahmednagar to be renamed Ahilyanagar

    May 31, 2023
  • Cricketer Deepak Chahar’s dance goes viral after CSK win

    May 30, 2023
  • Filmmaker Vignesh Shivan clicks selfies with Dhoni and Jadeja’s wives at IPL

    May 30, 2023

Important Links

  • Politics
  • Crime
  • Business
  • Education
  • Entertainment
  • Sports

Available on Playstore & Coming Soon on Appstore

Search

May 2020
M T W T F S S
« Apr   Jun »
 123
45678910
11121314151617
18192021222324
25262728293031

Sign-Up Form

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Footer Logo
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary
  • Privacy Policy
  • Cookie Policy
  • Terms Of Use
  • Advertise with Us

© 2020 - The Live Nagpur . All Rights Reserved.