FISME In Media
Credit access, review of stressed asset norms top MSME body’s wishlist
Fisme urged the government to relax stringent collateral requirements for asset-heavy or high-turnover MSMEs related to eligibility criteria, evaluation timeframe, and terms of extending a loan. Read More: https://economictimes.indiatimes.com/news/economy/policy/credit-access-review-of-stressed-asset-norms-top-msme-bodys-wishlist/articleshow/116808677.cms
FISME IPFC To Assist MSMEs Get Reimbursement For Filing IPRs
In a significant boost for Micro, Small, and Medium Enterprises (MSMEs), the Federation of Indian Micro and Small and Medium Enterprises (FISME) has announced that its Intellectual Property Facilitation Centre (IPFC) will assist these businesses in securing reimbursement for their Intellectual Property Rights (IPR) filings. Read More: https://knnindia.co.in/news/newsdetails/msme/fisme-ipfc-to-assist-msmes-get-reimbursement-for-filing-iprs
New credit relief system for stressed MSMEs; ‘halfway house’, says FISME
Finance Minister Nirmala Sitharaman on Tuesday announced a new mechanism for facilitating continuation of bank credit to MSMEs with stressed loan accounts under the special mention account category. The proposed mechanism is likely to bring relief to stressed MSMEs that have faced difficulty in utilising existing credit lines to pay dues. Read More: https://indianexpress.com/article/india/new-credit-relief-system-for-stressed-msmes-halfway-house-says-fisme-9471866/
FISME urges overhaul of NPA classification norms
In a recent presentation to the Department for Promotion of Industry and Internal Trade (DPIIT) on Budget, the Federation of Indian Micro and Small & Medium Enterprises (FISME) highlighted concerns pertaining to the mechanism for non-performing assets (NPA) classification, which has proven to be detrimental to MSMEs recovering from the Covid-19 pandemic. Read More: https://www.newindianexpress.com/business/2024/Jun/18/fisme-urges-overhaul-of-npa-classification-norms
IIT-Kanpur Alumnus Sandeep Jain takes charge as new FISME president
Auto-component manufacturer and alumnus of IIT-Kanpur, Sandeep Jain, has been unanimously elected President of the Federation of Indian Micro and Small & Medium Enterprises (FISME) for 2024-25. Read More: https://economictimes.indiatimes.com/small-biz/sme-sector/iit-kanpur-alumnus-sandeep-jain-takes-charge-as-new-fisme-president/articleshow/108966889.cms
Fixing tax issues of small online sellers, reducing cost of litigation for MSMEs will help the sector: FISME
Industry body Federation of Indian Small and Medium Enterprises (FISME) highlighted how aspects related to banking and finance, tax issues faced by small online sellers and reducing cost of litigation are imperative to resolve in order to benefit the MSME sector. Read More: https://economictimes.indiatimes.com/small-biz/sme-sector/fixing-tax-issues-of-small-online-sellers-reducing-cost-of-litigation-for-msmes-will-help-the-sector-fisme/articleshow/106310176.cms