Kerala-based Sabine Hospital and Research Centre has successfully raised $50 million. These fundings come from private equity fund CX Partners and a consortium of investors, including Singapore-based Tanas Capital. This significant funding boost marks a pivotal moment for the...
Former Chief Minister of Bihar, Jitan Ram Manjhi, has been appointed as the new MSME Minister under the NDA government led by Prime Minister Narendra Modi. Manjhi, 79, who is also the leader of the Hindustani Awam Morcha (HAM),...
The Federation of All India Vyapar Mandal (FAIVM) is set to urge the new NDA government to extend the time period for payments to MSMEs from their buyers to up to 180 days from the current 45 days. This...
The gross bank credit by scheduled commercial banks to MSMEs under priority sector lending norms grew by 18.1% in April 2024. This growth is notable compared to the previous year, according to the latest data from the Reserve Bank...
The Telecom Centre of Excellence India (TCoE), under the Department of Telecom, has called for proposals. They seek to survey MSMEs to understand their challenges in adopting advanced technologies. The goal is to find out what support MSMEs need...
In a landmark achievement for small businesses and entrepreneurship in India, Mudra Loans under the Pradhan Mantri Mudra Yojana (PMMY) have surpassed the Rs. 5 trillion mark in disbursals during the fiscal year 2023-24. This milestone underscores the government's...
The International Finance Corporation (IFC), a member of the World Bank Group, has launched an $8 billion MSME Finance Platform aimed at boosting financing for micro, small, and medium enterprises (MSMEs). This initiative, announced on Tuesday, is designed to...
The annual survey of entrepreneurs and small businesses in India conducted by GoDaddy reveals significant insights into their outlook on artificial intelligence (AI) and its impact on business growth. The survey highlights the strong belief among small business owners...
The Knowledge Chamber of Commerce and Industry (KCCI) has signed a Memorandum of Understanding (MOU) with the Russian Centre for Conservative Policy (RCCP). This significant event occurred ahead of the MSME Convention 2024 and KCCI's 6th Annual Foundation Day....
The Central Government is actively considering implementing incentives to accelerate the adoption of electric heavy commercial vehicles (e-HCVs) across crucial sectors like mining, steel, and cement manufacturing. This move aims to reduce the heavy reliance on diesel-powered HCVs, which...
The Indian government’s public procurement portal, Government e-Marketplace (GeM), has recently signed a landmark agreement with the Sikkim government....
