Category: MSME

The government is accelerating India’s transformation into a defence technology hub by actively involving MSMEs, startups, and academia in projects worth Rs 1,264 crore. Minister of State for Defence Sanjay Seth highlighted these initiatives in a Lok Sabha reply, with additional details shared through an official Ministry of Defence (MoD) release. One of the key […]

“Shri M. Nagaraju, Secretary of Department of Financial Services, Leads Review Meeting with Public Sector Banks”On November 5, 2024, Shri M. Nagaraju, Secretary of the Department of Financial Services (DFS), chaired a review meeting with the Managing Directors and CEOs of Public Sector Banks (PSBs) to assess their performance across critical areas, including financial stability, […]

When it comes to booking travel for employees, many businesses rank one factor above all others. Business travel can be costly and account for a significant portion of small and medium-sized enterprises’ (SMEs) annual expenses. Yet a survey conducted by Corporate Traveler and Global Business Travel Association (GBTA) found business travel managers aren’t as focused on the bottom […]

Growth comes on the back of renewed focus on MSMEs, digitalization of economy, and schemes offering collateral-free loans, among others. Indicating a positive trend, loans to the Micro, Small and Medium Enterprises (MSMEs) have showed an uptick on a year-on-year basis so far in the current fiscal, compared to the corresponding period last fiscal. According […]

This is exorbitant profit making. So, I think the regulator has to first put curbs on the merchant bankers. As you are saying, diligence of them and if they have found fault, there should be severe and strict punishment on the institutional piece of the business, that is one. Second is what this is also […]

The Samadhaan portal was launched seven years ago to help MSMEs get payments faster. Despite some relief, loopholes in the system tilt it in favour of the buyers. How can micro and small enterprises equip themselves better to deal with payment disputes? Vijay Khanna had to shut down his bill printing and logistics company in […]

The various initiatives launched over the past 100 days are aimed at promoting growth, boosting entrepreneurship, creating employment opportunities. The achievements are reflective of the Government of India’s commitment to ensuring the sustainable growth of the MSME sector, fostering innovation, and enhancing job creation. Union Minister for Micro Small and Medium Enterprises, Shri Jitan Ram […]

The FY25 target is over 10% more than the previous year’s lending. The Secretary noted that the Government was looking to extend more support to MSMEs in line with the Budget announcements. The Union Government has set a higher target for MSMEs lending for FY25 at Rs 27.5 lakh crores, over 10% higher than the […]

In a trade notice on September 17, the Directorate General of Foreign Trade (DGFT) announced the amendment under the Interest Equalization Scheme (IES) with immediate effect “for rationalization of the scheme.” The Commerce Ministry has imposed an interest subvention cap of Rs 5 crores per IEC (import-export code) for MSME manufactures till September 30, 2024 for the current […]

The scheme was extended to women-owned MSEs in December 2022 to provide credit guarantee of 85% for loans up to Rs 2 crores which was later increased to Rs 5 crores. In a move to support women entrepreneurship, the MSME Ministry on Tuesday said women-owned micro and small enterprises (MSEs) will get higher credit guarantee coverage under the […]