The Uttarakhand government should establish Enterprise Development Centres (EDCs) to support and sustain entrepreneurs in the Micro, Small, and Medium Enterprises (MSME) sector, according to a study conducted by the MSME Export Promotion Council (MSME EPC). The report highlights...
The Small Industries Development Bank of India (SIDBI) has signed a $100 million credit facility agreement with the French Development Agency (AFD) to enhance green financing for India's micro, small, and medium enterprises (MSMEs). The initiative aims to support...
Madhya Pradesh is gearing up for the Global Investor Summit (GIS), scheduled to take place on February 24-25 in Bhopal. The event aims to position the state as a key StartUp and innovation hub. Preparations are underway to attract...
The Indian Biogas Association (IBA) has welcomed the enhanced financing provisions for Micro, Small, and Medium Enterprises (MSMEs) announced in the General Budget 2025. The association believes these measures will drive the biogas sector's growth and improve access to...
The Export Promotion Mission (EPM) announced in the Union Budget will prioritize schemes to support micro, small, and medium enterprises (MSMEs) by addressing export credit needs and promoting alternative financing options such as factoring. According to Santosh Kumar Sarangi,...
Around 30-40% of Micro, Small, and Medium Enterprises (MSMEs) across manufacturing, services, and trading sectors plan to increase their workforce in the next quarter. This insight comes from the Small Industries Development Bank of India (SIDBI), which released its...
The Indian government’s public procurement portal, Government e-Marketplace (GeM), has recently signed a landmark agreement with the Sikkim government. This Memorandum of Understanding (MoU) aims to encourage broader use of the GeM platform among state departments for purchasing goods...
On Tuesday, Union Finance Minister Nirmala Sitharaman presented the Union Budget 2024-25, outlining a comprehensive plan to boost growth and development across India. The total expenditure is estimated at Rs 48,20,512 crore, with a strong focus on nine priorities:
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The government is poised to launch the 'Agri Fund for Startups and Rural Enterprises' (AgriSURE) to support agripreneurs. According to an official statement released on Friday, the fund would make sector-neutral investments, provide debt alternative Investment Funds (AIFs), and...
The Federation of Indian Micro and Small & Medium Enterprises (FISME) has called on the government to introduce a sector-agnostic production linked incentive (PLI) scheme tailored specifically for MSMEs. This recommendation, part of a detailed 10-point submission to Finance...
