Category: MSME

Several Comprehensive measures taken by the Government to reduce NPAs. The total advances outstanding to MSME sector has consistently increased over the last five years. The gross NPAs and gross NPA ratio of MSME Sector have continuously decreased during the same period. Further, as per the provisional data of FY 2025 i.e. till 31.12.2024, furnished […]

Bharat Electronics Limited Chairman, Manoj Jain emphasized that MSMEs in defense and aerospace must meet strict quality standards to integrate into the global supply chain. He highlighted the need for flexibility and regulatory compliance, urging a shift in mindset across the ecosystem. Micro, Small and Medium Enterprises in the defense and aerospace sectors must adhere […]

The Department of Financial Services (DFS) has urged banks to review penal charges for not maintaining Minimum Average Balance (MAB). This directive, as stated by MoS for finance, Mr. Pankaj Chaudhary, prioritizes providing financial ease to customers, particularly those residing in semi-urban and rural regions. The aim is to alleviate the burden of these charges […]

India’s MSMEs face financial, skill and regulatory challenges in adopting AI. Affordable, customized and cloud-based solutions offer a hopeful path forward. India’s micro, small and medium enterprises are ready to adopt AI, but the road ahead is a mix of promise and challenges. The Government’s recent report on ‘Enhancing MSMEs Competitiveness in India’ sets the stage, pointing […]

The platform, now serving 60% MSMEs, simplifies non-ferrous metal procurement with real-time tracking, hedging tools, flexible ordering and embedded financing, recording a 240% user growth within six months of launch. Vedanta Limited, a major player in critical minerals, energy and technology, announced that its digital non-ferrous metals marketplace, Vedanta Metal Bazaar, has achieved a total […]

AP Chambers submitted a set of key recommendations to strengthen the MSME sector.   The Andhra Pradesh Chambers of Commerce and Industry Federation (AP Chambers) has expressed its gratitude to the Reserve Bank of India (RBI) and the Union Government for setting up an RBI Regional Office in Vijayawada. In a letter to RBI Governor, […]

Uttar Pradesh is rapidly emerging as a hub of enterprise and innovation, driven by the proactive industrial policies of the Yogi Adityanath-led Government. With a strong emphasis on MSME growth and investment-friendly reforms, the State has fostered a thriving industrial eco-system. As a result, 235 industrial estates, comprising 77 full-scale and 158 mini estates are […]

Through its initiative, Walmart is empowering the Indian MSMEs (Micro, Small and Medium Enterprises) with critical business skills and market access. US-based retail giant, Walmart will connect one lakh more MSMEs in the next three years to its supplier development program in India, a company official said here on Thursday. The program, Walmart Vriddhi, has […]

In total, 15 new MSME-centric industrial zones will be developed in 11 districts, including Aligarh, Firozabad, Kanpur Dehat, Prayagraj, Mirzapur, Lalitpur, Rae Bareli, among others. To boost its $1-trillion economy goal, Uttar Pradesh has planned to develop new micro, small and medium enterprises (MSMEs) estates across 765 acres. The proposed industrial zones are aligned with […]

The Indian Government is exploring extending its Mutual Credit Guarantee Scheme for MSMEs to specific services sectors that support local manufacturing, aiming to bridge the higher credit gap faced by services. With the services sector facing a higher credit gap, the Centre is considering extending the credit guarantee cover under the newly launched Mutual Credit […]