Category: MSME

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 […]

Bank loans sanctioned to MSMEs increased in FY 22 in the wake of the covid-19 pandemic and continued to increase till FY 24. The decline is significant since MSMEs contribute around 29% to India’s GDP. Bank loans sanctioned to India’s micro, small and medium enterprises (MSMEs) under the Prime Minister’s Employment Generation Program (PMEGP) dipped […]

TVS Capital, Lok Capital and others back newly licensed NBFC to expand credit access for underserved MSMEs in semi-urban and rural India, valuing firm at ₹900 crores. Saarathi Finance, a newly licensed non-banking financial company (NBFC) focused on India’s micro, small and medium enterprises (MSMEs), has raised ₹475 crores in its inaugural funding round. The […]

India’s MSME ecosystem has unique features that call for a customized approach. There is a growing consensus that India must develop its own basic AI model to address local challenges and opportunities. By Ateesh Singh: Adoption of digital tools and processes has created a significant impact on the MSME sector, transforming how businesses operate and thrive. This […]

Overall MSME commercial credit exposure increased to ₹ 35 lakh crore as of end-March 2025, against ₹ 31 lakh crore as of end-March 2024 Overall balance-level serious delinquencies fell to 1.8%, the lowest in five years Share of New-to-Credit MSMEs to total new loan originations was strong at 47% Mumbai, India, 22 May 2025: The […]

Vaishnaw said that while some of the big players have applied, there has been huge interest in the scheme from small and medium players. The Government has received 70 applications for Rs 23,000-crore electronics component manufacturing scheme and majority of applicants are small and medium enterprises, Union Minister, Ashwini Vaishnaw said. These applications have come […]