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MSMEs News

26 Aug 2024

Indian Small Finance Banks To Grow Their Advances 25-27 Per Cent This fiscal

Amid challenges in mobilising deposits and their higher cost, SFBs (small finance banks) are likely to explore alternative, non-deposit avenues to fund credit growth.

Econoimc Survey 2024

22 Jul 2024

Economic Survey 2024: Financial Outlook Bright, But Vulnerabilities Remain

As India embarks on the vision to become a developed country by 2047, financial intermediation costs must decline globally; the Survey prepared by Chief Economic Adviser V Anantha Nageswaran and his team said.

11 Jan 2024

Safeguarding India's Digital Frontier: Unveiling Ransomware Challenges And Cyb

With each passing day, hackers are advancing their techniques in tandem with technology. It raises the question of whether there's a standard module or if hackers employ diverse techniques to target businesses.

15 Nov 2023

Centre Launches Funding Scheme For Startups, MSMEs

The decision can enable them to graduate to a level where they will be able to raise investments or they will reach a position to seek loans from commercial banks/financial institutions.

10 Aug 2023

Amazon India Enables Exports Worth Over Rs 66,000 Cr, Digitises 62 Lakh MSMEs

In the last year, the company said it has helped create about 1.4 lakh direct and indirect jobs across industries.

12 Apr 2023

Amid Massive Global Layoffs, Indian MSMEs Key Employment Generator In Country

India's MSMEs are the second largest after China's. This industry produces more than 6,000 products. There have been more than half a million job cuts around the globe since October 2022.

05 Feb 2023

'Never, ever bet against India': Anand Mahindra Gives Reply to Global Media

Anand Mahindra says India will come out of current economic challenges and be a global economic force. He says in a tweet, "Never, ever bet against India". Mahindra starts EnterpRISEBharat Initiative to support Small businesses across country.

28 Nov 2022

A ration shop for raw materials: MSME Association Budget 2023 wish

AIE also wants payment of salaries to the interns. The association wants to bring SIDBI under MSME. The AIE demands the abolition of capital gains tax on properties sold by micro-entrepreneurs.

02 Oct 2022

5G Launch: PM Modi's gamechanging idea from India Mobile Congress 2022

PM Modi launched 5G services in India on October 1 The prime minister urged telecom players to involve MSMEs in spare parts production The idea can prove to be a gamechanger for the sector as well as for the economy

28 Jun 2022

Solv wants to raise its BNPL loan offerings, snaps $40 million

Solv also intends to expand its anchor-led retailer loans to 50,000 or more stores. Solv, which was founded in 2019, is an emarketplace for suppliers and buyers in India's MSMEs.

Indian Railways

22 Apr 2022

Railways will now invest in startups to promote innovations

The eligible beneficiaries will include any Indian company incorporated under the Companies Act 1956/2013. The focus will be micro, small and medium enterprises (MSME) as defined in the MSME Act, 2006, and individual innovators.

Khadi & Village Industries Commission

19 Apr 2022

KVIC creates a new record under PMEGP; enables more than 1 lakh micro units

KVIC makes a new record in creating jobs. The new units were established with a total capital of about Rs 12,000 crore. The number of companies established during the year surpassed 1 lakh.

07 Apr 2022

UP becomes first state to provide maximum investment, employment under PMEGP

Uttar Pradesh has become the first state to provide maximum investment and employment under the Prime Minister's Employment Generation Program (PMEGP) in the country.

28 Mar 2022

eBay signs MoU with Madhya Pradesh development body to digitise MSMEs

eBay will assist small businesses in Madhya Pradesh with the sign-up process as well as other onboarding requirements as part of this campaign. In addition, the ecommerce brand will host training, webinars, and seminars to help MSMEs grow their businesses and expand their scalability. The MoU was signed in the presence of Rajvardhan Singh Dattigaon, Madhya Pradesh's Minister of Industry Policy and Investment Promotion.

Non-food credit growth

31 Jan 2022

Non-food credit grows 9.3% in December: RBI data

Growth in loans to industry improved noticeably to 7.6 per cent in December 2021 from 0.4 per cent. Growth in credit to micro and small industries accelerated to 20.5 per cent in December 2021 from 1.3 per cent a year ago. The growth in loans to the services sector accelerated to 10.8 per cent in December 2021 from eight per cent a year ago.

11 Nov 2021

BSE, All India MSME Association join hand to promote listing of MSMEs, startup

AIMA MSME will assist BSE in evaluating MSMEs and startups for listing. The two entities will host joint roadshows and events across the country. BSE became the first stock exchange to get approval from markets regulator Sebi.

Ubharte Sitaare Fund

21 Aug 2021

Nirmala Sitharaman launches Ubharte Sitaare Fund

Sitharaman further said MSME businessmen will not have to undertake an audit for submission of their accounts. Uttar Pradesh has the highest number of MSMEs and has effectively implemented the One District One Product programme. The fund will go a long way in making India a major exporting hub, she said.

Pradhan Mantri MUDRA Yojana

08 Jun 2021

Start THIS business at just Rs 15,000 and earn upto Rs 1 lakh

Potential for MSME business. Get Mudra Loan. Earn sustainable profit.

04 Jun 2021

RBI introduces Rs 15,000 crore liquidity window for contact-intensive sectors

The facility will have tenors of up to three years at repo rate (4 percent), said RBI Governor Shaktikanta Das. Banks will be permitted to park their surplus liquidity up to the size of the loan book created under this scheme with the RBI under reverse repo window at a rate that is 25 basis points lower than the repo rate. RBI has now expanded coverage of borrowers by enhancing the maximum aggregate exposure threshold from Rs 25 crore to Rs 50 crore for MSMEs, non-MSME small businesses and loans to individuals for business purposes.

11 Jan 2021

Mudra loan: Have any grievance? Know where and how to register your complaints

Mudra loan provided for a variety of purposes. These loans result in income generation and employment creation. PMMY loans are extended by Member Lending Institutions.

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