India’s micro, small and medium enterprises (MSMEs) in the IT and services sector are poised to play a central role in achieving the country’s ambitious $450 billion services export target, according to Union Minister Piyush Goyal. Addressing industry leaders...
The State Bank of India (SBI) has introduced ‘SBI Asmita’, a collateral-free digital SME loan designed to support women entrepreneurs in expanding their businesses. The bank also unveiled the ‘Nari Shakti’ platinum debit card, catering to the diverse financial...
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 Federation of Karnataka Chambers of Commerce and Industry (FKCCI) has submitted its pre-state budget memorandum for 2025-26, calling for investment revival, industrial infrastructure development, and a dedicated MSME policy. The recommendations emphasize the distinct challenges faced by micro...
India’s food processing sector is poised for unprecedented expansion, with its market size projected to grow from $307 billion in 2023 to $700 billion by 2030, according to a report by the PHD Chamber of Commerce and Industry (PHDCCI)....
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...
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...
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 (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....
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...
