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Friday, June 5, 2026

SMEDesk

FISME Chief Stresses Lean, Green & Quality Practices

Adopting lean, green, and quality-driven practices is no longer optional for India’s MSMEs — it is vital for their survival and long-term growth, said Sandeep Kishore Jain, President of the Federation of Indian Micro, Small and Medium Enterprises (FISME). Speaking...

India Poised to Lead Global Chemical Sector

Union Minister for Commerce and Industry Piyush Goyal has emphasized that India’s chemical and petrochemical industry holds immense potential to become a global leader in innovation, sustainability, and advanced manufacturing. Speaking at the 7th Indian Chemicals and Petrochemicals Conference organized...

Centre Plans Credit Cover for MSME Exporters

The Government of India is preparing to launch a new credit guarantee scheme designed to support MSME exporters affected by recent US tariff hikes and to encourage diversification into new global markets. The move aims to ease financing constraints...

CM Yadav Unveils ₹200 Cr Boost for MP Enterprises

At the Madhya Pradesh Startup & Industry Summit 2025 in Bhopal, Chief Minister Dr. Mohan Yadav announced a major ₹200 crore funding initiative to empower MSMEs and startups across the state. The event, held under the theme of Swadeshi...

India Launches $120M Circular Electronics Plan

India has launched a $120 million initiative to promote a circular economy in the electronics sector, aiming to transform how the country manages e-waste and electronic resources. The five-year program, led by the Ministry of Electronics and IT (MeitY)...

UPI Crosses 500M Users, 65M Merchants in India

India’s Unified Payments Interface (UPI) has achieved a new milestone, crossing 500 million consumers and 65 million merchants nationwide, according to a joint report by the National Payments Corporation of India (NPCI) and the Boston Consulting Group (BCG). The...

Finance Ministry to Review MSME Credit Flow

The Ministry of Finance will soon convene a high-level meeting with public sector bank (PSB) chiefs to review the flow of credit to India’s micro, small, and medium enterprises (MSMEs). The session, chaired by Department of Financial Services (DFS)...

MSME-SPICE Now Open to Greenfield Units

In a strategic move to accelerate industrial sustainability and drive higher participation, the Government of India is expanding the scope of the MSME-SPICE Scheme (Scheme for Promotion and Investment in Circular Economy) to include greenfield projects. The decision follows...

NSIC and BoB Partner to Strengthen MSME Credit Access

In a move aimed at improving access to affordable finance for micro, small and medium enterprises (MSMEs), the National Small Industries Corporation (NSIC) has signed a Memorandum of Understanding (MoU) with Bank of Baroda under its MSME Credit Facilitation...

Govt Revamps PLI Scheme for Textile Growth

The Ministry of Textiles has introduced key revisions to the Production Linked Incentive (PLI) Scheme for Man-Made Fibre (MMF) apparel, fabrics, and technical textiles to encourage greater participation and accelerate investments. The changes simplify eligibility requirements, expand product categories,...

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