In a landmark achievement for small businesses and entrepreneurship in India, Mudra Loans under the Pradhan Mantri Mudra Yojana (PMMY) have surpassed the Rs. 5 trillion mark in disbursals during the fiscal year 2023-24. This milestone underscores the government's...
The International Finance Corporation (IFC), a member of the World Bank Group, has launched an $8 billion MSME Finance Platform aimed at boosting financing for micro, small, and medium enterprises (MSMEs). This initiative, announced on Tuesday, is designed to...
The Knowledge Chamber of Commerce and Industry (KCCI) has signed a Memorandum of Understanding (MOU) with the Russian Centre for Conservative Policy (RCCP). This significant event occurred ahead of the MSME Convention 2024 and KCCI's 6th Annual Foundation Day....
The Central Government is actively considering implementing incentives to accelerate the adoption of electric heavy commercial vehicles (e-HCVs) across crucial sectors like mining, steel, and cement manufacturing. This move aims to reduce the heavy reliance on diesel-powered HCVs, which...
Agriculture is the backbone of India's economy, making the support system for farmers and agro-based industries essential. Recognizing this, Bank of Maharashtra has introduced the Maha Krishi Samrudhi Yojana (MKSY), a comprehensive financial assistance program for food and agro-based...
Digital fitness and wellness startup Portl has successfully raised $3 million in a funding round led by Bharat Innovation Fund. This latest investment also saw participation from T-Hub Foundation and existing investor Kalaari Capital. The fresh capital infusion is...
The Confederation of Indian Industry (CII), in collaboration with Mastercard’s Centre for Inclusive Growth, is spearheading a digital revolution for micro, small, and medium enterprises (MSMEs) in West Bengal through Project Digital Saksham. This initiative, targeting Kolkata, Hooghly, South...
Orb Energy, a leading solar power company in India, has achieved a significant milestone. The company commissioned its first 35 MW (DC) ground-mounted solar park in Arsikere, Hassan district, Karnataka. This solar facility spans 110 acres and is projected...
Amazon India has signed a Memorandum of Understanding (MoU) with the Visakhapatnam Forest Tribals. This partnership aims to help tribal artisans from Visakhapatnam sell their handcrafted products globally. By providing an e-commerce platform, Amazon offers these artisans a chance...
Fusion Micro Finance, a leading NBFC microfinance company, announced on Friday that it has entered into a $25 million loan agreement with the United States International Development Finance Corporation (DFC). This significant funding aims to enhance the company's business...
The Indian government’s public procurement portal, Government e-Marketplace (GeM), has recently signed a landmark agreement with the Sikkim government....
