Global Alliance for Mass Entrepreneurship (GAME) and NITI Aayog have announced a strategic partnership focused on building vibrant entrepreneurship ecosystems across multiple states in India. The initiative will begin with pilot sites in Nagpur, Visakhapatnam, and Uttar Pradesh.
The collaboration...
Government think tank NITI Aayog has recommended relaxing eligibility criteria for state-level schemes that offer subsidies on capital and interest for loans, aiming to enhance the competitiveness of micro, small, and medium enterprises (MSMEs) across India. In its report...
India has once again proven the resilience and adaptability of its ecosystem. According to the latest estimates, the country’s total exports—including both merchandise and services—reached $820.93 billion in FY 2024–25, registering an impressive 5.5% growth over the previous year’s...
India’s micro and small enterprises (MSEs) are grappling with a persistent and growing challenge—delayed payments. Despite multiple government interventions and regulatory measures over the years, unpaid dues to MSEs have now crossed a staggering ₹50,000 crore, exposing significant cracks...
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...
