• Home
  • SMB News
  • What the Union Budget 2013-14 has in store for MSMEs

What the Union Budget 2013-14 has in store for MSMEs

Related Articles

VSNL posts a 11% increase in net profit

CMC back in black this quarter

Mastek declares 1:1 bonus; Q2 net profit up 450%

Infosys stays on the fast track, income zooms by 136%

budget

Union Budget 2013 Highlights:

* Start-ups and MSMEs can list on SME exchange without public offering but only after informing invetors

* If an MSME grows into a larger enterprise, no tax for three years after its growth

* Small and medium companies to be allowed to listed on MSME exchange without making a public offer

* Re-financing capacity of SIDBI increased to Rs. 10,000 crore from Rs. 5,000 crore for Ministry of Small and Medium Enterprises

* National Skill Development Corporation to train 5 crore people in current plan period

* To modernize powerloom sector, minister announced technology upgrade scheme for textile sector to get INR 2400 crore

* Youngsters who are skill trained to be given boost in employment and producitvity; 10 lakh youth can be motivated in one year

* To allocate Rs 1000 crore to extend skills of youth

* With help of Ministry of S&T, Centre has identified amazing innovations; will allocate Rs. 200cr to scale them and make them avaiable to people

* Centre has no plans to revise direct tax rates

Notify me of follow-up comments via e-mail address

Post

Apple is reported to be planning to introduce the tougher synthetic sapphire screen for its new iPhone.How much would you be willing to pay for it?

Send this article by email

X