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Thursday, November 21, 2024

MSMEs

Nasscom Report: AI Fuels MSME Growth

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...

MSMEs Powering India’s E-commerce Revolution

India's e-commerce sector is experiencing a phenomenal surge, projected to reach $300 billion by 2030. This rapid growth is fueled by Micro, Small, and Medium Enterprises (MSMEs), the backbone of the Indian economy. The integration of MSMEs into the...

State Bank of India Launches SME Digital Business Loans

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....

MSME Competitive (LEAN) Scheme: Is this the Future of Manufacturing?

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...

45-Day Payment Rule: MSMEs Prepare for Impending Deadline

With the clock ticking towards the April 1 deadline, MSMEs are hustling to revise their agreements with traders and buyers in anticipation of the new 45-day payment rule. The lack of deliberation has led to apprehensions among MSMEs regarding...

Invoicemart Facilitates INR 1 Lakh Crores in MSME Invoice Financing

Invoicemart, India’s largest Trade Receivables Discounting System (TReDS) platform, proudly announces a monumental achievement in the fintech landscape. The platform has successfully enabled MSME Invoice Financing totaling an impressive INR 1 lakh crores. This has solidified its position as...

MSMEs in Kashmir: NIT Srinagar Leads Awareness Programme

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...

Kerala’s MSME Sector: A Growing Force

Kerala’s MSME sector has made a big leap by adding over one lakh ventures for the second consecutive year in 2023-24. This takes the total number of newly set up units to 2,40,396 since the launch of the Year...

CM Yogi Adityanath Spurs Local MSMEs, Ousts Chinese Products

In a notable stride towards supporting micro, small, and medium enterprises (MSMEs), the Uttar Pradesh government, led by CM Yogi Adityanath, has announced the rollback of land conversion charges imposed on industrial activity over agricultural land. Efforts to Boost Local...

MSME Exports: Charting a Path to International Success

Micro, small, and medium enterprises (MSMEs) constitute a vital component of India's economic framework, contributing significantly to employment and GDP. However, despite their importance, only a fraction of enterprises are actively engaged in MSME exports, presenting a considerable untapped...
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GeM Partnership with Sikkim: Boosting Digital Procurement Across India

The Indian government’s public procurement portal, Government e-Marketplace (GeM), has recently signed a landmark agreement with the Sikkim government....
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