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 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 Confederation of Indian Industry (CII) Pune chapter has announced a series of workshops across western Maharashtra to support micro and small enterprises (MSMEs) in overcoming key business challenges. The initiative aims to help entrepreneurs scale their operations, improve...
Micro, Small, and Medium Enterprises (MSME) are the backbone of India's economy, contributing significantly to employment and industrial output. The government has prioritized financial inclusion for these enterprises, with schemes aimed at formalizing operations and easing access to credit....
In a first-of-its-kind initiative, Ludhiana is set to open a dedicated outlet for the promotion, display, and sale of products made by micro, small, and medium enterprises (MSMEs) and self-help groups (SHGs). This outlet will be established within the...
In a significant boost to India’s Micro, Small, and Medium Enterprises (MSME) sector, Finance Minister Nirmala Sitharaman launched the Mutual Credit Guarantee Scheme for MSMEs (MCGS-MSME), offering collateral-free loans of up to ₹100 crore. The initiative aims to provide...
In a significant move to address workforce shortages and hiring challenges for MSMEs in Vidarbha, Apna.co has partnered with the Association for Industrial Development (AID) Nagpur. The collaboration, valued at ₹60 crore, aims to support over 3,000 business associations...
The Indian Biogas Association (IBA) has welcomed the enhanced financing provisions for Micro, Small, and Medium Enterprises (MSMEs) announced in the General Budget 2025. The association believes these measures will drive the biogas sector's growth and improve access to...
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...
