MoMSME Launches TEAM Initiative to Boost Digital Presence of MSMEs in India

The Ministry of Micro, Small, and Medium Enterprises (MoMSME) has launched the MSME Trade Enablement and Marketing (TEAM) Initiative, a groundbreaking effort aimed at enhancing the digital presence of small businesses across India. With a budget of ₹277.35 crores allocated over three years, the initiative seeks to onboard 5 lakhs micro and small enterprises, with a special focus on women-led businesses. This initiative is […]

Continue Reading

INTERACTIVE MEETING WITH HON’BLE GOVERNOR OF MAHARASHTRA

Shri Chandrakant Salunkhe – Founder & President, SME Chamber of India and Maharashtra Industry Development Association has paid courtesy visit to Shri C. P. Radhakrishnan, Hon’ble Governor of Maharashtra along With Shri Maheshkumar, Director SME Chamber of India at Raj Bhavan, Mumbai, on 7th February 2025.

Continue Reading

RBI’s New CIBIL Score Rules 2025: Updates to Be Issued Every 15 Days

In 2025, the Reserve Bank of India (RBI) implemented a series of robust guidelines to enhance the transparency and efficiency of CIBIL score management. These reforms aim to empower individuals by ensuring quicker updates, prompt notifications and improved accessibility to their credit history. By understanding these changes, borrowers can make well-informed financial choices and exercise […]

Continue Reading

Budget 2025: Credit Boost for MSMEs, loans for Women, SC/ST First-Time Entrepreneurs

Budget 2025: Union Finance Minister, Nirmala Sitharaman announced a credit boost for MSMEs, loans for women & SC/ST first-time entrepreneurs. Union Finance Minister Nirmala Sitharaman on Saturday announced a credit boost for MSMEs or Micro, Small and Medium Enterprises to generate employment, especially for the young people. To help the enterprises achieve higher efficiency of […]

Continue Reading

Electronics Manufacturing Stock Hits 20% Upper Circuit After Surging Strong Q3FY25 Results

Syrma SGS Technology’s stock hits a 20% upper circuit after reporting a stellar 161% profit growth in Q3FY25. Electronics manufacturing stock has witnessed a remarkable 20% surge on the stock exchange following the release of its stellar Q3FY25 financial results. Syrma SGS Technology revenue for the quarter increased by 24% YoY, reaching ₹8,915 million, while its […]

Continue Reading

Economic Survey: Electronics market still 4% of global pie

India has made strides in boosting domestic electronics manufacturing, with programmes like Make in India and Digital India playing crucial roles. The domestic production of electronic goods grew significantly, with a remarkable reduction in smartphone imports. However, the industry has focused primarily on assembly, with limited advancements in design and component manufacturing, representing only 4% […]

Continue Reading

Budget 2025: TDS, TCS simplified; higher exemptions for rent, LRS and education loans

Budget 2025: For Liberalised Remittance Scheme (LRS) transactions, the TCS exemption limit has been increased from ₹7 lakhs to ₹10 lakhs. Finance Minister, Nirmala Sitharaman announced key changes to the Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) framework in the Budget 2025. The Government aims to simplify tax deduction and collection […]

Continue Reading

Budget 2025-26: Big push for micro, small and medium enterprises

Sector responsible for 36% of country’s manufacturing output to see enhanced access to capital & skill development. Calling them one of the four “powerful engines” driving the economy, Union Finance Minister, Nirmala Sitharaman announced a series of measures in the Union Budget 2025 aimed at strengthening India’s Micro, Small, and Medium Enterprises (MSME). These included increased investment […]

Continue Reading

The challenges facing SMEs

Faced with inflation, an economic slowdown and tightening regulations, small and medium-sized enterprises are operating in a difficult environment. To help them move forward, we need to focus on improving their competitiveness. Luxembourg’s economic fabric is essentially made up of small- and medium-sized enterprises, if we stick to the most commonly accepted definition. This is […]

Continue Reading

How to Overcome Common Challenges in Export Finance?

Export finance is important for businesses that sell products and services to other countries. It helps them manage money and grow worldwide. However, dealing with export finance can be tricky, with many challenges that can make things difficult. Problems like changing currency values and complicated rules need careful planning and smart solutions. In this blog, […]

Continue Reading