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TMI BlogGovernment takes several measures to strength then msmes Gem platform extended to all CPSES Government undertakings to procure a fixed proportion of materials from women owned SMEsX X X X Extracts X X X X X X X X Extracts X X X X ..... Government takes several measures to strength then msmes Gem platform extended to all CPSES Government undertakings to procure a fixed proportion of materials from women owned SMEs - Budget Dated:- 1-2-2019 - News - Ministry of Finance Posted On: 01 FEB 2019 1:33PM by PIB Delhi The Government has taken several measures to strengthen the Medium, Small and Micro Enterprises (MSMEs). Whil ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e a Scheme of sanctioning loans upto ₹ 1 crore in 59 minutes has been launched, GST-Registered SME units will get 2% interest rebate on incremental loan of ₹ 1 crore. While presenting the Interim Budget 2019-20 in Parliament today, the Union Minister for Finance, Corporate Affairs, Railways Coal, Shri Piyush Goyal said that 25% sourcing by all the Government Undertakings will now hav ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e to be from SMEs. Of this, the material to the extent of at least 3% will be sourced from women owned SMEs, he added. Highlighting the achievements of GeM, Shri Piyush Goyal said that transactions of over ₹ 17,500 crore have taken place, resulting in savings of 25-28% on an average. Government e-Marketplace (GeM), created by our Government two years ago, has transformed public procureme ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nt by making it fully transparent, inclusive and efficient. MSMEs have an opportunity to sell their products through GeM , the Finance Minister said. The GeM platform is now being extended to all CPSEs, he announced while presenting the Interim Budget. Shri Piyush Goyal disclosed that the Government has recently assigned the subject of promotion of internal trade including retail trading and w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... elfare of traders, and their employees to the Department of Industrial Policy and Promotion, which will now be renamed as the Department for Promotion of Industries and Internal Trade. ***** GG/DSM/RM/NB/UD - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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