The Small Industries Development Bank of India (SIDBI) has signed a $100 million credit facility agreement with the French Development Agency (AFD) to enhance green financing for India's micro, small, and medium enterprises (MSMEs). The initiative aims to support...
The Export Promotion Mission (EPM) announced in the Union Budget will prioritize schemes to support micro, small, and medium enterprises (MSMEs) by addressing export credit needs and promoting alternative financing options such as factoring. According to Santosh Kumar Sarangi,...
Around 30-40% of Micro, Small, and Medium Enterprises (MSMEs) across manufacturing, services, and trading sectors plan to increase their workforce in the next quarter. This insight comes from the Small Industries Development Bank of India (SIDBI), which released its...
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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The government is poised to launch the 'Agri Fund for Startups and Rural Enterprises' (AgriSURE) to support agripreneurs. According to an official statement released on Friday, the fund would make sector-neutral investments, provide debt alternative Investment Funds (AIFs), and...
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 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...
India’s micro and small enterprises (MSEs) are grappling with a persistent and growing challenge—delayed payments. Despite multiple government interventions...
