Ahead of the upcoming Union Budget, representatives of farmer associations and agricultural experts met with Union Finance Minister Nirmala Sitharaman on Friday in New Delhi. The primary focus of the discussion was the removal of export restrictions on various...
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...
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....
