Prime Minister Narendra Modi on Tuesday emphasized the need for innovative credit delivery models to provide timely and low-cost financing to over six crore MSMEs across India. Speaking at a post-Budget webinar on MSMEs, he announced that five lakh...
Women in India are actively strengthening their financial participation, with credit monitoring among female borrowers rising by 42 percent in 2024, according to a new report by NITI Aayog, in collaboration with TransUnion CIBIL and MicroSave Consulting (MSC). The...
India is making major strides in electronics manufacturing, with the country now exporting high-end electronic components to global markets, Union Minister for Railways, Electronics, and IT Ashwini Vaishnaw said in a post on X (formerly Twitter).
Highlighting the government’s push...
The Indian Biogas Association (IBA) has welcomed the government’s latest amendment to promote the use of organic fertilizers, estimating that the initiative could generate $2.6 billion in revenue for the biogas sector. The move is expected to enhance soil...
The Noida Authority has launched an industrial plot allocation scheme through an e-auction system, aimed at strengthening the micro, small, and medium enterprises (MSME) sector. This initiative marks the first rollout under a new policy framework designed to streamline...
The Small Industries Development Bank of India (SIDBI) has entered into a strategic partnership with Tata Capital Limited (TCL) to enhance credit accessibility for Micro, Small, and Medium Enterprises (MSMEs). This collaboration aims to bridge funding gaps and provide...
The total loan amount disbursed under operative Kisan Credit Card (KCC) accounts has more than doubled in the last decade, rising from ₹4.26 lakh crore in March 2014 to ₹10.05 lakh crore in December 2024. This surge highlights improved...
The Reserve Bank of India (RBI) has proposed a significant policy shift that would eliminate foreclosure charges on floating-rate loans for individual borrowers and Micro, Small, and Medium Enterprises (MSMEs). This move aims to create a more borrower-friendly lending...
The Federation of Karnataka Chambers of Commerce and Industry (FKCCI) has submitted its pre-state budget memorandum for 2025-26, calling for investment revival, industrial infrastructure development, and a dedicated MSME policy. The recommendations emphasize the distinct challenges faced by micro...
India’s food processing sector is poised for unprecedented expansion, with its market size projected to grow from $307 billion in 2023 to $700 billion by 2030, according to a report by the PHD Chamber of Commerce and Industry (PHDCCI)....
