Over 100 MSME drug firms modernizing their pharma unit as per WHO standards
1 week, 4 days ago

Over 100 MSME drug firms modernizing their pharma unit as per WHO standards

Live Mint  

New Delhi: A total of 103 applications have been approved for Central financial assistance to MSME drug firms wishing to upgrade to international standards, the government said, addressing an impediment to India’s pharma export ambitions. The total financial support under the government’s revamped Pharmaceutical Technology Upgradation Assistance Scheme amounted to ₹105 crore. “Following amendments under Revamped Pharmaceutical Technology Upgradation Assistance Scheme in September 2024, 103 applications have been sanctioned starting from November 2024, for total financial support amounting to ₹105 crore on reimbursement basis,” said a department of pharmaceutical spokesperson. India drug making hubs include Himachal Pradesh, Madhya Pradesh, Hyderabad, Maharashtra and Gujarat, which fall under the regulatory radar of the State and the Central Drug Licensing Authority.

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History of this topic

TN Budget 2025: Rs 1,918 crore allocated for MSME growth; nine new industrial estates announced
6 days, 10 hours ago

TN Budget 2025: Rs 1,918 crore allocated for MSME growth; nine new industrial estates announced

New Indian Express  

CHENNAI: With a strong focus on setting up new industrial estates, promoting startups and supporting artisans, the Tamil Nadu government has allocated Rs 1,918 crore for the Micro, Small, and Medium Enterprises Department. Finance Minister Thangam Thennarasu announced that the Tamil Nadu Small Industries Development Corporation will establish nine new industrial estates across the state at an investment of Rs …

Budget 2025: MSME classification revision to increase investment, FoF for startups
1 month, 2 weeks ago

Budget 2025: MSME classification revision to increase investment, FoF for startups

Deccan Chronicle  

Chennai: By increasing the investment and turnover limits for MSMEs and launching a new fund of funds for startups with a Central contribution of Rs 10,000 crore, the Budget aims at promoting entrepreneurial spirits. Further, the credit guarantee cover will be enhanced for micro and small enterprises from Rs 5 crore to Rs 10 crore and for startups from Rs …

Union Budget | Kerala MSMEs see Budget announcements as a mixed bag
1 month, 2 weeks ago

Union Budget | Kerala MSMEs see Budget announcements as a mixed bag

The Hindu  

The announcements in the Union Budget regarding Micro, Small and Medium Enterprises ties in with the Kerala government’s ongoing push to promote MSMEs, but demands raised by MSME associations including Goods and Services Tax - related issues remain unaddressed in the Budget. According to A. Nizarudeen, State President of the Kerala State Small Industries Association, the revised turnover criteria for …

Centre asks MSME drugmakers to submit action plans on quality compliance in 3 months or risk closure
2 months, 1 week ago

Centre asks MSME drugmakers to submit action plans on quality compliance in 3 months or risk closure

Live Mint  

New Delhi: The government plans to give micro, small and medium drugmakers three months to submit their action plans to upgrade plants and comply with the World Health Organization’s good manufacturing practices for life-saving medicines by the end of 2025, failing which they will have to shut down. “The government has sought an upgradation action plan from the companies within …

Top 10 MSME Loan Schemes in India for Growth and Expansion
2 months, 2 weeks ago

Top 10 MSME Loan Schemes in India for Growth and Expansion

India TV News  

Substantial steps have been taken by the Indian government and financial institutions to provide adequate loans for micro, small, and medium enterprises to foster growth without interruption. 3. Credit Guarantee Fund Scheme for Micro and Small Enterprises Small businesses often lack collateral when applying for loans, making them considered high-risk borrowers, which can result in loan application denials. To assist, …

Green MSME policy to provide financial, technological support likely in budget
2 months, 2 weeks ago

Green MSME policy to provide financial, technological support likely in budget

Live Mint  

New Delhi: The government is likely to announce a policy in the upcoming budget for greening the operations of micro, small and medium enterprises and lowering their carbon emissions. Two people aware of the development said that the ministry of MSME has recommended the union finance ministry to roll out the policy under which Centre would provide financial, technological and …

Govt to extend GMP compliance deadline by one year for small drug firms
2 months, 2 weeks ago

Govt to extend GMP compliance deadline by one year for small drug firms

Live Mint  

New Delhi: The Centre plans to extend the deadline for complying with good manufacturing practice, at par with the World Health Organization standards, for small pharmaceutical companies with a revenue of ₹250 crore or less less by one year till 31 December 2025. This comes in the backdrop of several respresentations sumbitted to the government by various associations requesting extension …

Pharma units get 12-month extension to implement revised Schedule M of Drugs and Cosmetics Act
2 months, 2 weeks ago

Pharma units get 12-month extension to implement revised Schedule M of Drugs and Cosmetics Act

The Hindu  

The Union Health Ministry on Saturday revised the date of implementation of the revised standards of Schedule M of the Drugs and Cosmetics Act to give pharmaceutical manufacturing industry 12 more months to comply. Schedule M is a part of the Drugs and Cosmetics Act of 1945 that outlines Good Manufacturing Practices for pharmaceutical products in India. To keep pace …

U.T. gets ₹31 crore under Central scheme for development of MSME sector
3 months ago

U.T. gets ₹31 crore under Central scheme for development of MSME sector

The Hindu  

The Puducherry government has received ₹31 crore under Central government programme, ‘Raising and Accelerating MSME Performance ‘, for the development of micro, small and medium enterprises in the Union Territory, Director of Industries P. T. Rudra Goud said on Friday. Speaking at a conclave on MSME business organised by the Confederation of Indian Industry, Mr. Goud said the government was …

‘MSMEs took ₹999 cr. from NSIC VC Fund till July’
6 months, 1 week ago

‘MSMEs took ₹999 cr. from NSIC VC Fund till July’

The Hindu  

Micro, small and medium enterprises have taken ₹999 crore investments till July this year from the NSIC Venture Capital Fund, which has a corpus of ₹10,000 crore as ‘mother fund’, according to the National Small Industries Corporation. P. Ravi Kumar, chief general manager of the National Small Industries Corporation, said in Coimbatore on Tuesday that as part of the Self-Reliant …

RSS-linked MSME Group Slams Pharma Ministry for 'Calling Small Drugmakers Not Reputable'
9 months ago

RSS-linked MSME Group Slams Pharma Ministry for 'Calling Small Drugmakers Not Reputable'

News 18  

A recent email from the Department of Pharmaceuticals has allegedly upset micro, small, and medium enterprises by asserting that small drugmakers are “not the most reputable ones”, News18 has learnt. “Small ho to reputation nahi hai?” Rajesh Gupta, India head of Laghu Udyog Bharati, which is a Rashtriya Swayamsevak Sangh-affiliated body focused on micro, small and medium enterprises, told News18. …

Finance Ministry’s Latest Report Highlights 8% Industrial Growth Trajectory Fuelled by Make in India, PLI & MSMEs
1 year, 1 month ago

Finance Ministry’s Latest Report Highlights 8% Industrial Growth Trajectory Fuelled by Make in India, PLI & MSMEs

News 18  

The recently released ‘The Indian Economy – A Review’ by the Department of Economic Affairs, Finance Ministry, has revealed a notable surge in industrial growth, showcasing a likely 8% per annum growth trajectory for the triennium ending March 2024. The report attributes this growth to strategic government initiatives, particularly emphasizing the success of ‘Make in India’, the Production-Linked Incentive scheme, …

MSMEs not static, but growing in size, asserts Finance Ministry
1 year, 11 months ago

MSMEs not static, but growing in size, asserts Finance Ministry

The Hindu  

The Finance Ministry has sought to dismiss the “narrative” that India’s micro, small and medium enterprises are stagnating, citing data that it asserts shows smaller firms evolving into larger units in recent years. In its recent monthly economic review for February, the ministry had said the number of micro units graduating to small units had increased to 65,140 in 2022-23, …

MSMEs banking high on AP’s New Industrial Policy
2 years ago

MSMEs banking high on AP’s New Industrial Policy

Deccan Chronicle  

Vijayawada: The Micro, small and medium enterprises are having high expectations from Andhra Pradesh government’s New Industrial Policy, which is likely to be announced during the ensuing Global Investors Summit. Coinciding with this, MSMEs are urging the state government to set up industrial clusters over 100–1,000 acres in areas of the state that have good transport connectivity and provision of …

Micro enterprises want govt to constitute a dedicated ministry
2 years, 1 month ago

Micro enterprises want govt to constitute a dedicated ministry

Deccan Chronicle  

Chennai: Micro enterprises, which dominate the MSME space in terms of numbers, have asked the government to constitute a separate ministry for them in order to get better focus and support. In the Mega MSME Survey conducted by the Consortium of Indian Associations and participated by 1,08,500 enterprises, 44 percent were micro-enterprises or those below Rs 1 crore annual turnover. …

MSMEs in AP up from 37,956 to 60,800 under Jagan: MP
2 years, 1 month ago

MSMEs in AP up from 37,956 to 60,800 under Jagan: MP

Deccan Chronicle  

Vijayawada: YSR Congress Rajya Sabha MP Alla Ayodhya Rami Reddy on Wednesday underlined that after Y.S. Jagan Mohan Reddy formed the YSRC government, micro, small and medium enterprises in AP have gone up from 37,956 to 60,800 units within mere three-and-a-half years. He said this is owing to government offering various subsidies through schemes, such as MSME Restart, YSR Jagananna …

Govt taking steps to make Indian MSMEs stronger, globally competitive: Minister
2 years, 3 months ago

Govt taking steps to make Indian MSMEs stronger, globally competitive: Minister

India TV News  

Delhi: Micro, small and medium enterprises are among the most important pillars of India's economy and the government is working to make the sector stronger and more developed, Minister of State for MSME Bhanu Pratap Singh Verma said on Monday. "We will also work to ensure that interrelationship between the MSME sector and other important pillars of the Indian economy …

42,699 MSMEs registered in first four months of current fiscal
2 years, 7 months ago

42,699 MSMEs registered in first four months of current fiscal

The Hindu  

As many as 42,699 micro, small and medium enterprises registered in the State in the first four months of the current fiscal, Minister for Industries P. Rajeeve said. This has helped create 92,855 employment opportunities, Mr. Rajeeve said launching a State-level loan scheme for entrepreneurs formulated by the State Level Bankers' Committee in association with the State government. The State …

PM Modi launches schemes to strengthen MSME sector; check details here
2 years, 8 months ago

PM Modi launches schemes to strengthen MSME sector; check details here

Live Mint  

Prime Minister Narendra Modi on 30 June launched the ₹6,000 crore 'Raising and Accelerating MSME Performance' scheme in the 'Udyami Bharat' programme at Vigyan Bhawan in New Delhi. MSME sector accounts for almost one-third of India's economy," PM Modi said. PM also said that effort is to create a local supply chain for Make in India, which can reduce India's …

World MSME Day: 5 Govt-Backed Loan Schemes for SMEs, MSEMs in India
3 years, 8 months ago

World MSME Day: 5 Govt-Backed Loan Schemes for SMEs, MSEMs in India

News 18  

The small-scale business sector, also known as Small and Medium Enterprises sector, contributes around 40% to the total GDP of India. Here are the schemes offered by the government – MSME government business loan scheme – The Government of India launched this scheme as a working capital loan, and an MSME can get a loan sanctioned of Rs. MUDRA business …

Atmanirbhar Bharat: Govt approves ₹15,000 cr to pharma sector to boost local drug production
4 years, 4 months ago

Atmanirbhar Bharat: Govt approves ₹15,000 cr to pharma sector to boost local drug production

Live Mint  

The Cabinet on Wednesday announced production linked incentives for 10 sectors including auto, pharmaceuticals and textiles worth ₹2 lakh crore in a bid to boost manufacturing, make India self reliant and generate employment. Briefing reporters after a meeting of the Cabinet, Information and Broadcasting Minister Prakash Javadekar said production-linked incentives will be offered for sectors such as white goods manufacturing, …

Advocates, Doctors, CAs Now Covered Under MSME Loan Scheme
4 years, 7 months ago

Advocates, Doctors, CAs Now Covered Under MSME Loan Scheme

Live Law  

The Union Finance Ministry has expanded the scope of the MSME loan scheme announced in the wake of COVID-19 to include professionals like doctors, lawyers, chartered accountants and others, reported the Financial Express.The 3-lakh crore scheme was announced by Finance Minister, Nirmala Sitharaman, in May as part of Government's 'Athmanirbhar package' to help the Micro, Small and. The Union Finance …

Govt notifies changes in rules disallowing global tender for procurement up to Rs 200 cr; move to benefit MSMEs
4 years, 9 months ago

Govt notifies changes in rules disallowing global tender for procurement up to Rs 200 cr; move to benefit MSMEs

Firstpost  

The government has notified amendments to General Financial Rules to ensure that goods and services valued less than Rs 200 crore are being procured from domestic firms, a move which will benefit MSMEs New Delhi: The government has notified amendments to General Financial Rules to ensure that goods and services valued less than Rs 200 crore are being procured from …

Govt to further revise criteria for classifying 'medium' enterprises under MSME definition: Nitin Gadkari
4 years, 10 months ago

Govt to further revise criteria for classifying 'medium' enterprises under MSME definition: Nitin Gadkari

Firstpost  

Days after changing the definition of MSMEs, the government has decided to further revise the criteria for medium units by enhancing the investment and turnover limits to up to Rs 50 crore and Rs 200 crore respectively, Union Minister Nitin Gadkari said on Tuesday New Delhi: Days after changing the definition of MSMEs, the government has decided to further revise …

Industries divided over MSME package
4 years, 10 months ago

Industries divided over MSME package

India Today  

Center is patting its back for the Rs 3 lakh crore worth monetary stimulus in the form of collateral free loan backed by moratorium. An India Today TV ground report from Noida found that a slew of measures announced by the Government on Wednesday drew mixed responses from factory owners. It's media coordinator Saurabh Shrivastava told India Today TV, "Govt …

Govt's stimulus package 'heavy hitter' to propel MSME sector; delivery of credit will be key, say tech firms
4 years, 10 months ago

Govt's stimulus package 'heavy hitter' to propel MSME sector; delivery of credit will be key, say tech firms

Firstpost  

New Delhi: The technology sector on Wednesday lauded the stimulus measures announced by the government but raised concerns on issues like paying salaries and pending vendor dues which will not be cleared by the new loan facilities. #RestartingIndia | Finance Minister @nsitharaman says definition of MSMEs being changed in their favour so they don't outgrow benefit; reworked to enable them …

Special Covid package has 6 MSME reforms to power PM Modi’s reliant India mantra
4 years, 10 months ago

Special Covid package has 6 MSME reforms to power PM Modi’s reliant India mantra

Hindustan Times  

The central government on Wednesday announced six reforms to prop up the Micro, Small and Medium Enterprises -- considered the backbone of India’s economy—hit by the economic slump triggered by the coronavirus outbreak. The government will provide Rs 4,000 crore partial credit guarantee support to banks and promoters of the MSMEs will be given debt by banks in the form …

Government announces ₹3 lakh crore booster for MSMEs, tax concessions for middle class
4 years, 10 months ago

Government announces ₹3 lakh crore booster for MSMEs, tax concessions for middle class

India TV News  

Union Finance Minister Nirmala Sitharaman on Wednesday announced a series of relief measures spanning across the micro small and medium enterprise, power, real estate sectors, besides providing a slew of temporary changes to the direct tax collection rules. In capital infusions, the government announced a Rs 3 lakh crore collateral-free automatic loan facility for businesses, for which the government would …

Nirmala Sitharaman announces revised definition of MSME. Here is what it means
4 years, 10 months ago

Nirmala Sitharaman announces revised definition of MSME. Here is what it means

India TV News  

Finance Minister Nirmala Sitharaman on Wednesday announced an economic relief package amid nationwide coronavirus lockdown in which her prime focus was on to save jobs in the MSME sector and help it to get back on track. In the press briefing, Sitharaman prescribed a new definition for MSME companies, which was a long-pending demand, so that more number of companies …

FM announces Rs 3 lakh crore collateral free automatic loan for MSMEs
4 years, 10 months ago

FM announces Rs 3 lakh crore collateral free automatic loan for MSMEs

Hindustan Times  

Finance Minister Nirmala Sitharaman on Wednesday announced Rs 3 lakh crore collateral free automatic loan for businesses, including MSMEs. Also units with turnover up to Rs 5 crore to be called micro units, she said, adding a turnover based criteria is being introduced to define small businesses. This will benefit 45 lakh small businesses, she said detailing parts of the …

Covid-19 package: Rs 3 lakh crore collateral-free loans to MSMEs, says Nirmala Sitharaman
4 years, 10 months ago

Covid-19 package: Rs 3 lakh crore collateral-free loans to MSMEs, says Nirmala Sitharaman

India Today  

Union Finance Minister Nirmala Sitharaman on Wednesday said that the medium and small scale enterprises will be eligible for collateral-free automatic loans as part of the Rs 20 lakh crore Covid-19 special economic pacakge announced by Prime Minister Narendra Modi on Tuesday evening. Sitharaman said the government has earmarked Rs 3 lakh crore for these MSMEs. Similarly, an enterprise will …

Centre open to revising MSME investment limits
10 years, 4 months ago

Centre open to revising MSME investment limits

The Hindu  

The Narendra Modi Government is actively considering revising the investment caps for micro, small and medium enterprises, and can soon work out a system to implement government programs for the sector through accredited industry associations. MSME Secretary Madhav Lal said the government was looking to revise the caps on investment limits for the MSME sector. “We have received several representations …

Budget boost for MSME sector
10 years, 8 months ago

Budget boost for MSME sector

India TV News  

New Delhi: Finance Minister Arun Jaitley Thursday announced measures for the development of micro, small and medium enterprises, while allocating a sum of Rs.10,000 crore for start-up companies in his maiden budget presented to parliament. "In order to create a conducive eco-system for the venture capital in the MSME sector, it is proposed to establish a Rs.10,000 crore fund to …

Govt finally gives drug R&D new life with tax reforms
13 years, 7 months ago

Govt finally gives drug R&D new life with tax reforms

Firstpost  

On an average, Indian companies spend a mere 6% on research and development. In contrast, the figure for new drug development for global drug companies that innovate and make new drugs stands at over 13%. Last year, Malvinder Singh, the former owner of Ranbaxy Laboratories, voiced the general anguish when he said founding families of many of India’s drug companies …

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