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...
A recent report from TransUnion CIBIL and Small Industries Development Bank of India has unveiled a significant uptick in MSME loan origination volumes to Micro, Small, and Medium-sized Enterprises, registering a notable 20% year-on-year growth in the July-September period...
The emergence of digital lenders has significantly reshaped the way Micro, Small, and Medium Enterprises (MSMEs) secure business loans for their operations. The transition from traditional banking to online platforms has not only accelerated the loan application process but...
Micro, Small, and Medium-sized Enterprises (MSMEs) are the lifeblood of economies around the world. As of 2023, there are over 633.9 lakh MSMEs in India. These businesses contribute significantly to employment, economic growth, and innovation. However, they often face...
NBFC the Non-Banking financial companies have grown considerably in the India financial system alongside with mainstream Banks and leading organizations. This has happened over time with efficiency and diversity in terms of products, services, asset quality and strong regulatory...
Retail and wholesale traders and Wholesalers tops the list in MSME sector
based on the number of registrations on the Udyam portal.
The data as of February 2, 2023, out of around 1.38 crore Udyam-registered
MSMEs in the top 10 categories contributed...
Small and medium enterprises (MSMEs) are the backbone of the Indian
economy, contributing significantly to employment generation and GDP
growth. However, MSMEs face numerous challenges, such as lack of
access to finance, technology, and skilled labor, which hinder their
growth and sustainability. They...
As per recent reports of NSS the number of Employment Opportunities generated by MSME and SME’s amounted to (number of persons) in micro enterprises during the year 2016-17, 2017-18, 2018-19, 2019-20, 2020-21 and 2021-22 (as on 15.11.2021) are 4.08...
To address the queries of global investors, Institute of Chartered Accountants of India ICAI has set up an instant expert advice pavilion from experts in the area of taxation, MSME, compliances at “Pravasi Bhartiya Diwas (PBD)” which is underway...
MSME businesses are at the forefront of economic growth in a
country like India. It is very important for the small businesses to
get themselves registered under the domain of the MSME sector.
This proves to be a major turning point for...
