Ahead of the full budget for the financial year 2024-25, the Federation of Indian Chambers of Commerce and Industry (FICCI) held a pre-budget consultation meeting with Finance Minister Nirmala Sitharaman. During the meeting, FICCI called for revising the qualifying...
The Andhra Chamber of Commerce has signed a memorandum of understanding (MoU) with the Atal Incubation Centre (AIC) at Anna University Incubation Foundation to strengthen the startup ecosystem and support aspiring entrepreneurs. This strategic tie-up aims to leverage the...
The Indian government is revamping the Production Linked Incentives (PLI) scheme to provide robust support to Micro, Small, and Medium Enterprises (MSMEs). This comprehensive overhaul includes relaxing fund release norms, adding new sectors to the scheme, and extending benefits...
The Micro, Small, and Medium Enterprises (MSME) department in Madhya Pradesh has allocated plots to more than 40 small-scale industries in the Morkha industrial area of Neemuch district. This initiative aims to foster industrial growth in the region, attracting...
The Government e-Marketplace (GeM), India's premier public procurement portal, witnessed a remarkable 205% year-on-year increase in the value of services procured from Micro, Small, and Medium Enterprises (MSMEs) in the financial year 2023-24. Recent data shared by GeM underscores...
Newly appointed MSME Minister Jatin Ram Manjhi has called on aspiring entrepreneurs in India to register with the government’s MSME registration portal, Udyam, to launch their new ventures. This move aims to support and encourage the growth of micro,...
India's $220 billion chemical industry is struggling under an immense compliance burden. With over 635 compliance requirements each month, growth is severely hampered, especially for MSMEs. Industry sources and analysts express concern over these challenges.
MSMEs Struggle with Compliance
Rishi Agrawal,...
State Bank of India (SBI), the nation’s largest bank, has launched ‘SME Digital Business Loans’. This move is aimed at revolutionizing MSME lending by offering a digital loan journey with a sanction turnaround time of up to 45 minutes....
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),...
