Utilising MSMEs as engines for growth
9 years, 6 months ago

Utilising MSMEs as engines for growth

The Hindu  

Recent growth data for India reveals that there has been a significant slowdown in the industrial growth rate, especially manufacturing, in the first quarter, April-June, 2015. As money lenders continue to play an important role in India, it is worth considering whether money lenders could be brought under regulation now, given technological progress, as achieved in the case of Japan, and an interest cap be imposed for lending to MSMEs. Illustratively, weighted average lending rate of commercial banks, as reported in the RBI’s latest AR, is the highest for MSMEs when compared with loans extended to agriculture, large industry and infrastructure. Therefore, the role of financial education is very important for MSMEs in assessing appropriate start-up finance and in empowering them to use financial products and services to manage risks and other business needs. These skills would include standardising simple format for accounting purposes for MSMEs, competent development of human resources, cultivating business ethics and standards, and also imparting training to MSMEs which are being served by the bankers.

Finance India Japan Sector Need Rbi Msme Needs Msmes Commercial Banks Bank Finance  sector  resources  utilising  need  engines  msmes  india  different  needs  finance  young  growth  msme

History of this topic

MSMEs can help reduce gap between rich and poor, says A.P. Minister Kondapalli Srinivas
1 week, 6 days ago

MSMEs can help reduce gap between rich and poor, says A.P. Minister Kondapalli Srinivas

The Hindu  

Minister for MSME, SERP and NRI Empowerment & Relations Kondapalli Srinivas has said that the Andhra Pradesh government is committed to promoting the MSMEs, adding that the sector creates employment opportunities and contributes to reducing the gaps between the rich and the poor. He said Chief Minister N. Chandrababu Naidu’s vision document aimed to promote industries from the mandal to …

How MSMEs in Tier 2 & Tier 3 Cities Are Fuelling India’s Growth
3 weeks, 1 day ago

How MSMEs in Tier 2 & Tier 3 Cities Are Fuelling India’s Growth

Live Mint  

India's Micro, Small, and Medium Enterprises are the backbone of the economy, with over 51% of India’s 63 million registered small businesses based in Tier 2 and 3 cities, indicating their growing economic significance. This article explores how MSMEs in smaller cities are reshaping India's growth and how access to business loans can fuel their expansion. Why MSMEs Are Thriving …

Govt. committed to growth of MSMEs: Sridhar Babu
3 weeks, 4 days ago

Govt. committed to growth of MSMEs: Sridhar Babu

The Hindu  

Facilitating growth of micro, small and medium enterprises is a top priority of the Congress government in Telangana, Industries and IT Minister D. Sridhar Babu said on Friday, even while accusing the previous BRS regime of neglecting MSMEs. Despite repeated appeals, no concrete steps were taken, the Minister told the ‘MSME Spark 2.0’ conference, organised by the Federation of Telangana …

India Must Push Forward to Stay Competitive: Suman Bery
3 weeks, 5 days ago

India Must Push Forward to Stay Competitive: Suman Bery

Deccan Chronicle  

New Delhi: Sensing a fierce competition with its peers like China, Niti Aayog vice chairman Suman Bery on Thursday said that India’s challenge is to keep pushing forward and the country’s corporate sector must step up to achieve the growth target. Addressing the CII National Conference on Responsive Supply Chain for Indian Manufacturing, Bery said that as the world moves …

Yaduveer highlights role of MSMEs in India’s economic growth
1 month ago

Yaduveer highlights role of MSMEs in India’s economic growth

The Hindu  

MP for Mysuru Yaduveer Krishnadatta Chamaraja Wadiyar underscored the pivotal role of Micro, Small, and Medium Enterprises in India’s economic transformation and to achieve the vision for a “Viksit Bharat” by 2047. Mr. Yaduveer touched upon Prime Minister Narendra Modi’s long-term vision for a developed India and said that for the first time in India’s democratic history, the leadership has …

MSMEs seeks state’s support to realise One Family-One Entrepreneur goal
1 month, 1 week ago

MSMEs seeks state’s support to realise One Family-One Entrepreneur goal

Deccan Chronicle  

Vijayawada: As the Chief Minister N. Chandrababu Naidu intends to promote the state-level motto of ‘One Family One Entrepreneur’ by 2030, the small and medium enterprises facing difficulties to run the existing units have come up with a wish list to realize the goal, There exists a norm that an investment of Rs.1crore in micro and small sectors will help …

Growth of industries, IT is key to development A.P., says CM Naidu
1 month, 3 weeks ago

Growth of industries, IT is key to development A.P., says CM Naidu

The Hindu  

Pointing out that the growth of industrial and IT sectors is necessary to ensure the overall progress of Andhra Pradesh, Chief Minister N. Chandrababu Naidu has said that the industrial sector growth needs to be increased from 6.57% to 16%. Addressing the Secretaries and Ministers during a meeting on Tuesday, Mr. Naidu said industrial development in the State took a …

Budget will bolster manufacturing sector: Industrialist Arjun Ranga
2 months ago

Budget will bolster manufacturing sector: Industrialist Arjun Ranga

The Hindu  

The Union Budget 2025-26 would bolster India’s manufacturing sector and foster self-reliance, Industrialist Arjun Ranga, Managing Director, Cycle Pure Agarbathi, and CEO of N. Ranga Rao and Sons Pvt. “By offering policy support and executing roadmaps for small, medium, and large industries, the government is paving the way for a more robust manufacturing ecosystem,” said Mr. Arjun Ranga. 16,092 crore …

The budget gives MSMEs a big boost to help make India self-reliant
2 months ago

The budget gives MSMEs a big boost to help make India self-reliant

Live Mint  

Micro, small and medium enterprises are the backbone of India’s economic structure, contributing nearly 30% to gross domestic product, 45% to exports and generating employment for over 75 million people. Enhancing credit availability and financing mechanisms: In line with the government’s recognition of MSMEs as the ‘second engine’ of economic expansion, the 2025-26 budget introduces key reforms to enhance financial …

Union Budget 2025: Kerala industry players welcome tax concessions, eye growth in MSMEs, start-ups and agriculture
2 months ago

Union Budget 2025: Kerala industry players welcome tax concessions, eye growth in MSMEs, start-ups and agriculture

The Hindu  

Along with the all-round cheer about the concessions announced on individual income-tax in the Union Budget 2025-26, industry players in Kerala have pointed to areas such as food processing, start-ups, agriculture development and MSMEs, which can be leveraged by the State. Kerala State Small Industries Association president A. Nizarudeen welcomed the move to provide more credit accessibility under the credit …

MSMEs continue to face challenges in regulatory framework: Economic Survey
2 months ago

MSMEs continue to face challenges in regulatory framework: Economic Survey

The Hindu  

Micro, Small and Medium-scale Enterprises that employ 23.24 crore people in the country continue to face challenges in the regulatory environment, noted the Economic Survey tabled on Friday. “Regulatory compliance burden holds back formalisation and labour productivity, limits employment growth, chokes innovation and depresses growth,” it said. The efforts of the government in the last 10 years focused on improving …

Road map to Viksit Bharat
2 months ago

Road map to Viksit Bharat

Hindustan Times  

The Economic Survey, a voluminous document released a day before the Union Budget, is expected to play an important role. However, the survey also reminds us, and rightly so, that India’s economic fundamentals, while relatively better in today’s world, leave no room for complacency, especially if the country needs to realise its goal of becoming a developed economy by 2047. …

Economic Survey calls for reduced regulatory burden on MSMEs to unlock growth, reduce costs
2 months ago

Economic Survey calls for reduced regulatory burden on MSMEs to unlock growth, reduce costs

Live Mint  

New Delhi: Reducing the regulatory burden for micro, small and medium enterprises will help small businesses become more efficient, reduce costs and unlock new growth opportunities, according to the Economic Survey 2024-25. “The faster economic growth that India needs is only possible if the union and state governments continue to implement reforms that allow small and medium enterprises to operate …

Budget 2025 Expectations: MSMEs And Manufacturing Players Hope For Easier Taxes, Job Generation, And More
2 months, 1 week ago

Budget 2025 Expectations: MSMEs And Manufacturing Players Hope For Easier Taxes, Job Generation, And More

ABP News  

By Prerna Singla India's manufacturing sector has traditionally been seen as a key driver of economic growth, contributing significantly to GDP, job creation, and exports. However, the MSME sector, which accounts for approximately 45 per cent of India's manufacturing production and 40 per cent of exports, continues to face challenges such as restricted access to capital, outdated technology, and infrastructure …

Budget blueprint: Making MSMEs a growth engine
2 months, 2 weeks ago

Budget blueprint: Making MSMEs a growth engine

New Indian Express  

The transformation of India’s micro, small and medium enterprises or MSMEs represents perhaps the most significant opportunity for achieving inclusive growth in this decade. With 63.4 million enterprises contributing 30 percent to the national GDP and employing over 100 million people, this Indian sector’s economic footprint is larger than the entire economies of, say, Thailand or Sweden. Germany’s KfW model …

Kerala govt invested over Rs 21.8k crore in firms opened under Year of Enterprises programme: Minister Rajeeve
2 months, 3 weeks ago

Kerala govt invested over Rs 21.8k crore in firms opened under Year of Enterprises programme: Minister Rajeeve

New Indian Express  

KOCHI: The state government has invested Rs 21,838 crore in establishments opened under the Year of Enterprises programme, Industries Minister P Rajeeve said at the Mission 1,000 conference held by the department on Tuesday. Mission 1,000 seeks to launch 1,000 MSMEs in the state with each of them generating an average annual turnover of over Rs 100 crore in the …

Trade and service sector leaders meet FM, urge tax cuts, export support
3 months ago

Trade and service sector leaders meet FM, urge tax cuts, export support

Live Mint  

New Delhi: Trade and service sector representatives met finance minister Nirmala Sitharaman on Thursday for pre-budget consultations, seeking tax cuts for MSMEs, incentives for smaller companies to reduce their carbon footprint and energy costs, increased financial support for exporters, and the continuation of the Interest Equalisation Scheme to maintain export competitiveness. "Allocating specific funds for capacity-building programmes targeting prospective exporters …

U.T. gets ₹31 crore under Central scheme for development of MSME sector
3 months, 1 week 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 …

IIM Raipur announces free advanced programmes for aspiring entrepreneurs, MSMEs
3 months, 2 weeks ago

IIM Raipur announces free advanced programmes for aspiring entrepreneurs, MSMEs

India Today  

The Indian Institute of Management Raipur, a leading institution recognised for #BuildingBusinessOwners, in collaboration with the Entrepreneurship and Skill Development Program Division, MSME, is excited to announce two targeted and comprehensive development programs. Aspiring candidates can apply for either "Advanced E-SDP for New Venture Creation", or "6-Day Advanced MDP for Business Scale-Up for MSMEs". The Advanced E-SDP for New Venture …

MSMEs call for increased budgetary provision for sector
3 months, 2 weeks ago

MSMEs call for increased budgetary provision for sector

The Hindu  

The Micro, Small and Medium-scale Enterprises have appraised the State Finance department about the need to make a substantial increase in support to the industries in the upcoming Budget for 2025-26 to meet government commitments to MSMEs that have and will come up under the Year of Enterprises Campaign, for supporting private industrial parks and the mission to convert 1,000 …

Govt open to exploring alternative financing models for MSMEs: Piyush Goyal
3 months, 3 weeks ago

Govt open to exploring alternative financing models for MSMEs: Piyush Goyal

Live Mint  

Commerce and industry minister Piyush Goyal on Thursday said the government is open to offering concessional rates for micro, small, and medium enterprises setting up businesses in industrial townships across the country. Speaking at an event organized by industry body Assocham, Goyal emphasized the government's efforts to simplify business processes, reduce compliance burdens, decriminalize laws, and create a supportive environment …

India: Govt Plans New Financing for MSMEs
3 months, 3 weeks ago

India: Govt Plans New Financing for MSMEs

Deccan Chronicle  

New Delhi: The Modi-led NDA government is open to exploring some alternate financing models for micro, small, and medium enterprises where the concerned ministry can earmark particular areas in the proposed industrial townships for the MSMEs. The statement of the government comes at a time when small business houses in the country are reportedly facing specific issues in accessing bank …

Establishment of New MSMEs to Offer Jobs to Youth in AP: Minister Srinivas
4 months, 3 weeks ago

Establishment of New MSMEs to Offer Jobs to Youth in AP: Minister Srinivas

Deccan Chronicle  

Vijayawada: Kondapalli Srinivas, the minister of micro, small and medium scale industries, rural poverty alleviation, NRI empowerment, said prompt steps should be taken to increase the establishment of MSMEs in the state and increase field level monitoring of the same. Speaking at a review meeting on the performance of the MSME department at the Secretariat in Velagapudi in Amaravati on …

'MSMEs key to achieve USD Five trillion economy': MP Suresh Prabhu
5 months, 2 weeks ago

'MSMEs key to achieve USD Five trillion economy': MP Suresh Prabhu

New Indian Express  

VIJAYAWADA: The Andhra Pradesh Chambers of Commerce and Industry Federation hosted an interactive session in Vijayawada with former Union Minister and Rajya Sabha MP Suresh Prabhu, Indian Chamber of Commerce President Ameya Prabhu, and ICC Director General Rajeev Singh AP Chambers President Potluri Bhaskara Rao stressed that the MSME sector, the backbone of the economy, faces challenges due to the …

CM Revanth to launch TG's first MSME policy today
6 months, 2 weeks ago

CM Revanth to launch TG's first MSME policy today

Deccan Chronicle  

Hyderabad: Chief Minister A Revanth Reddy will release the state's first micro, small, and medium enterprises policy on Wednesday. A key highlight of the new policy is a Rs 100-crore technology upgrade fund, targeting sectors such as aerospace and defence, which are expected to benefit 60-70 per cent of the fund's recipients. In addition to financial support, the policy emphasises …

Big Focus Is On MSME Sector As It Generates Crores Of Jobs: PM Modi
8 months ago

Big Focus Is On MSME Sector As It Generates Crores Of Jobs: PM Modi

News 18  

Prime Minister Narendra Modi on Tuesday said that the government has a big focus on the MSME sector as it generates crores of jobs. “The manufacturing ecosystem has transformed in the last 10 years, our big focus is on the MSME sector as it generates crores of jobs,” PM Modi said. “Today India has 1.40 lakh startups and 8 crore …

Budget 2024: A blueprint for sustainable growth and employment
8 months, 1 week ago

Budget 2024: A blueprint for sustainable growth and employment

The Hindu  

I would like to congratulate the Finance Minister for laying a well-defined road map for Viksit Bharat 2047 while continuing the focus on the immediate requirement. The support for the manufacturing sector, a package for employment generation, and the skilling and upskilling for 4.1 crore youth across sectors, are some of the key highlights of this budget. This, coupled with …

Economic Survey 2023-24: States should reduce compliance burden of MSMEs
8 months, 1 week ago

Economic Survey 2023-24: States should reduce compliance burden of MSMEs

The Hindu  

India's micro, small and medium enterprises continue to face "extensive regulation" and compliance requirements, apart from major bottlenecks in access to affordable and timely funding being one of the "core concerns", the Economic Survey said on July 22. Asserting that further reduction in the compliance burden for MSMEs will considerably improve their growth prospects, the Survey for 2023-24 tabled in …

Finance Ministry’s Latest Report Highlights 8% Industrial Growth Trajectory Fuelled by Make in India, PLI & MSMEs
1 year, 2 months 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, …

Budget 2024: MSME expects special package, implementation of the ONDC to boost growth
1 year, 2 months ago

Budget 2024: MSME expects special package, implementation of the ONDC to boost growth

India TV News  

The MSME sector wants Finance Minister Nirmala Sitharaman to come out with a special package for small and medium enterprises to ensure greater availability of institutional credit at competitive rates to enable it to play a bigger role as India moves closer to becoming a USD 5 trillion economy. Expectations include addressing the uneven power dynamic between banks and MSMEs, …

Capital allocation that reaches deserving MSMEs will result in inclusive growth
1 year, 2 months ago

Capital allocation that reaches deserving MSMEs will result in inclusive growth

Live Mint  

The numbers represent both an opportunity and a challenge: India has 63 million micro, small and medium enterprises, contributing almost a third of the country’s GDP and half of its exports, with an equal spread between rural and urban areas, that are mostly short of credit. “I got 99 problems and money ain’t the only one"—these adapted lyrics from rapper …

Technology will boost the role of MSMEs in India’s export success
1 year, 8 months ago

Technology will boost the role of MSMEs in India’s export success

Live Mint  

During Prime Minister Narendra Modi’s recent visit to the US, technology was centre-stage at several discussions. For example, in alignment with India’s G20 objective of linking micro, small and medium enterprises to global value chains through e-commerce platforms, Amazon announced a goal of $20 billion in cumulative e-commerce exports from India by 2025 and $125 billion by 2030. If India …

Making MSMEs efficient, innovative and inclusive for growth and job creation
1 year, 9 months ago

Making MSMEs efficient, innovative and inclusive for growth and job creation

Hindustan Times  

India’s economy has shown strong post pandemic recovery and growth. The critical role of MSMEs is recognised in the recently signed Government of India-United Nations Sustainable Development Cooperation Framework -- the UN Country Team’s collective partnership with India. ILO supports government, workers’ and employers’ organisations with formalisation and development of the care economy, through policy, standards and capacity building, creating …

Tamil Nadu Government will support MSMEs to cater to emerging sectors, says Industries Minister T.R.B. Rajaa
1 year, 9 months ago

Tamil Nadu Government will support MSMEs to cater to emerging sectors, says Industries Minister T.R.B. Rajaa

The Hindu  

The State government will do a study of the Micro, Small and Medium-scale Enterprises in the State and take measures to enable these units cater to the emerging sectors, said Minister for Industries, Investment and Commerce T.R.B. On industrial development in the western districts of the State, Mr. Rajaa said availability of land was a major challenge. Regarding development of …

MSMEs not static, but growing in size, asserts Finance Ministry
2 years 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, …

Govt Working Relentlessly To Ensure Conducive Environment For Small Businesses: MSME Secretary B B Swain
2 years ago

Govt Working Relentlessly To Ensure Conducive Environment For Small Businesses: MSME Secretary B B Swain

News 18  

The government is relentlessly working towards ensuring a conducive environment for micro, small and medium enterprises, and the number of registered MSMEs has now reached 1.64 crore generating 10.73 crore jobs, said MSME Secretary B B Swain on Wednesday. The figure of 10.73 crore employment generated is based on self-declaration by MSMEs and the sector is surely on its way …

MSMEs to get free cost accounting consultancy, says Industries Minister
2 years ago

MSMEs to get free cost accounting consultancy, says Industries Minister

The Hindu  

The government will extend support to micro, small and medium enterprises by providing them free consultancy on cost and management accounting, Industries Minister P. Rajeeve said here on Tuesday. The Directorate of Industries and Commerce will rope in the services of the Institute of Cost Accountants of India from 2023-24 financial year, he said after inaugurating the State’s first Enterprise …

MSMEs banking high on AP’s New Industrial Policy
2 years, 1 month 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 …

How do MSMEs hold the key to defining India into becoming a $5 trillion economy?
2 years, 3 months ago

How do MSMEs hold the key to defining India into becoming a $5 trillion economy?

Live Mint  

Now that the world has emerged from the shadow of the Covid-19 pandemic, it is interesting to note how efficiently the economy at large is recovering from the various setbacks it presented. Extending government support In order to help MSMEs tide over the immediate setback they suffered in the wake of the pandemic, the government extended various relief measures to …

Indian manufacturing sector and the great transformation under Narendra Modi
2 years, 3 months ago

Indian manufacturing sector and the great transformation under Narendra Modi

Firstpost  

With the vision of transforming India into a manufacturing hub, our government under the leadership of Prime Minister Narendra Modi took concrete steps towards improving various business parameters In 2014, when Prime Minister Narendra Modi took the reins of our nation, India had been tagged as one of the so-called “Fragile Five” nations alongside Indonesia, Brazil, Turkey, and South Africa, …

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 …

Kerala’s new draft industrial policy promises huge incentives for MSMEs and non-MSMEs
2 years, 6 months ago

Kerala’s new draft industrial policy promises huge incentives for MSMEs and non-MSMEs

The Hindu  

Kerala's new draft industrial policy, set to be officially unveiled by Industries Minister P. Rajeeve on Thursday, promises a host of incentives aimed at attracting investments, promoting employment generation, and fostering entrepreneurship. Major incentives The major incentives proposed include 10% investment subsidy on fixed capital for non-MSMEs, subject to a maximum of ₹10 crore and 100% State GST reimbursement for …

MSMEs’ headcount jumps 45% in 2 yrs
2 years, 6 months ago

MSMEs’ headcount jumps 45% in 2 yrs

Deccan Chronicle  

Chennai: MSMEs have increased their headcount by 45 per cent in the past two years and by 15 per cent in the last one year. The MSME sector has witnessed a steep growth of 45.5 per cent in employee numbers over the past two years. Compared to the low employment levels in August 2020, MSMEs have witnessed a 45 per …

Biggest challenge to the MSMEs is unavailability of timely capital: MSME Export Promotion Council
2 years, 7 months ago

Biggest challenge to the MSMEs is unavailability of timely capital: MSME Export Promotion Council

Firstpost  

MSME units in rural areas, notably art and craft and agro-based units, are suffering for survival more than MSMEs in metro and urban centres. There is an urgent need for developing alternative sources of funding to solve availability of timely, competitive credit Lucknow: The Micro, Small, and Medium Enterprises Export Promotion Council has advised banks to be more aggressive in …

PM Modi Launches Rs 6,000-Cr Scheme for MSMEs, New Initiative for First-Time Exporters
2 years, 9 months ago

PM Modi Launches Rs 6,000-Cr Scheme for MSMEs, New Initiative for First-Time Exporters

News 18  

Prime Minister Narendra Modi on June 30, Thursday, launched a number of initiatives to accelerate the rise of Micro, Small and Medium Enterprises in India. The PM kickstarted a number of key initiatives including the ‘Raising and Accelerating MSME Performance’, and the ‘Capacity Building of First-Time MSME Exporters’ scheme. He also flagged off new features of the ‘Prime Minister’s Employment …

PM Modi launches schemes to strengthen MSME sector; check details here
2 years, 9 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 …

PM Modi inaugurates 'Raising & Accelerating MSME Performance' scheme
2 years, 9 months ago

PM Modi inaugurates 'Raising & Accelerating MSME Performance' scheme

India TV News  

PM Modi inaugurates 'Raising & Accelerating MSME Performance' scheme The government has launched several initiatives from time to time like MUDRA Yojana, Emergency Credit Line Guarantee Scheme, Scheme of Fund for Regeneration of Traditional Industries to provide necessary and timely support to the MSME sector. Highlights 'Udyami Bharat' is reflective of the continuous commitment of the government, official release said …

Innovations can plug the growth capital gap of MSMEs
2 years, 9 months ago

Innovations can plug the growth capital gap of MSMEs

Live Mint  

India has over 7.9 million micro, small and medium enterprises, as of 27 March 2022, as reported by the MSME Ministry. The credit gap translates into a ‘growth capital gap’, especially for innovative and high-growth MSMEs seeking a radical pivot in their business models or overseas expansion. While RBI will need to make it mandatory for all MSMEs and large …

World MSME Day 2022: Small enterprises strong pillars of India's economy & sustainable growth
2 years, 9 months ago

World MSME Day 2022: Small enterprises strong pillars of India's economy & sustainable growth

India TV News  

World MSME Day: The World MSME Day is observed annually on June 27. MSME Can Address Unemployment Lakshmi V Venkatesan, founding and managing trustee, Bharatiya Yuva Shakti Trust, said that the sector, which boosts exports and GDP, can serve the needs of India’s youth very well – to help the ‘population dividend’ of 2 crore fresh job seekers entering the …

Bringing MSMEs into inclusive and sustainable global value chains
2 years, 9 months ago

Bringing MSMEs into inclusive and sustainable global value chains

The Hindu  

Though the growth and achievements of large businesses in India have received much attention, micro, small and medium enterprises actually account for over 99% of businesses. Agencies such as the United Nations Industrial Development Organization, International Labour Organization, United Nations Development Programme, UN Women, IFAD and others are working with MSMEs as they navigate a rapidly changing post-pandemic economic landscape …

Discover Related