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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TransUnion CIBIL, in collaboration with NITI Aayog’s Women Entrepreneurship Platform (WEP), has launched Seher, a transformative initiative aimed at enhancing the financial literacy and business skills of women entrepreneurs. The initiative, a crucial part of WEP’s Financing Women Collaborative...
B2B healthtech platform Watch Your Health has announced raising $5 million in funding from early-growth stage venture capital firm Cornerstone Ventures and Singapore-based investment firm Conquest Global. This fresh capital will be instrumental in expanding the company’s operations and...
Artificial intelligence (AI) is transforming businesses globally, and India’s Micro, Small, and Medium Enterprises (MSMEs) are no exception. A recent white paper by Nasscom, supported by Meta, sheds light on the immense potential AI holds for tech-enabled MSMEs in...
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 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 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...
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...
The Indian government’s public procurement portal, Government e-Marketplace (GeM), has recently signed a landmark agreement with the Sikkim government....
