The Indian government’s public procurement portal, Government e-Marketplace (GeM), has recently signed a landmark agreement with the Sikkim government. This Memorandum of Understanding (MoU) aims to encourage broader use of the GeM platform among state departments for purchasing goods...
Newly appointed MSME Minister Jatin Ram Manjhi has called on aspiring entrepreneurs in India to register with the government’s MSME registration portal, Udyam, to launch their new ventures. This move aims to support and encourage the growth of micro,...
The gross bank credit by scheduled commercial banks to MSMEs under priority sector lending norms grew by 18.1% in April 2024. This growth is notable compared to the previous year, according to the latest data from the Reserve Bank...
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 Udyam Registration, commonly known as MSME registration, is now accessible for traders. According to the government, individuals involved in retail or wholesale trading can now register and enjoy the benefits available to other registered entities under the MSME scheme....
For micro, small, and medium enterprises (MSMEs) in India, delayed payments can significantly hinder business operations. To combat this issue, the MSME Ministry has established a robust mechanism to address payment delays through the MSME Samadhaan portal. Here's a...
Micro, Small, and Medium Enterprises (MSMEs) are the backbone of India's economy, contributing significantly to GDP, employment generation, and fostering innovation. However, access to adequate funding remains a major challenge for these enterprises, hindering their growth and sustainability.
Recognizing...
India stands on the brink of an agrarian revolution, not of the kind that reshapes landscapes with plows and oxen, but one that harnesses the power of technology to usher in a new era of agricultural prosperity. As the...
As the manufacturing sector continues to evolve, the MSME Competitive (LEAN) Scheme stands out as a beacon for Micro, Small, and Medium Enterprises (MSMEs) aiming for efficiency and competitiveness in the future. Initiated by Narayan Rane, the Union Minister...
In a significant endorsement of the critical role played by MSMEs in bolstering employment, the National Institute of Technology (NIT) Srinagar recently spearheaded an extensive awareness campaign. The week-long programme aimed at sensitizing MSMEs in Kashmir concluded successfully. It...
The Indian government’s public procurement portal, Government e-Marketplace (GeM), has recently signed a landmark agreement with the Sikkim government....
