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Tuesday, March 19, 2024

MSME Policies

45-Day Payment Rule for MSMEs: Concerns Raised

The finance ministry is deliberating over potential adjustments to the new income tax rule mandating business enterprises to settle payments to micro, small, and medium enterprises (MSMEs) within 45 days. Concerns have been raised from various quarters, with some...

MSME Loan Originations Surge Amid Economic Growth

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...

Indian MSME Sector Witnesses Growth in Bank Credit Deployment

The Indian MSME (Micro, Small, and Medium Enterprises) sector has experienced significant expansion in bank credit deployment, reflecting the government's emphasis on prioritizing lending to sectors crucial for socio-economic development.  As per the latest data released by the Reserve Bank...

The Merits of an International MSME Alliance

In today's globalized world, Micro, Small, and Medium-sized Enterprises (MSMEs) play a pivotal role in driving economic growth, fostering innovation, and creating employment opportunities. Recognizing the importance of these enterprises, the international community celebrates International MSME Day every year...

G20 MSME Financing Plan: Empowering Small Businesses

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...

Indian Agriculture Initiatives: A New Dawn

Indian Agriculture Initiatives have taken a significant leap as Union Finance Minister Smt. Nirmala Sitharaman and Union Agriculture Minister Sh. Narendra Singh Tomar unveiled a series of transformative actions. These are aimed at revolutionizing agriculture, enhancing financial inclusion, optimizing...

SIDBI MSMEs Green Funding Initiative

Introduction In a significant move, the SIDBI MSMEs Green Funding Initiative is set to revolutionize sustainable business practices among Micro, Small, and Medium Enterprises. This comprehensive financial scheme supports the adoption of solar energy and the integration of energy-efficient machinery...

Technology Adoption by MSMEs: The Key to Sustainable Growth

Why is Technology Adoption by MSMEs is important? In the world of business, it's clear that technology adoption is the key to growth, and this holds especially true for Micro, Small, and Medium Enterprises (MSMEs). These smaller businesses are the...

G20 and Indian MSMEs: Navigating Global Success

G20 and Indian MSMEs: Molding a New Era of Global Enterprise The collaboration between the G20 and Indian MSMEs promises to be a game-changer. As powerhouse economies of the G20 redefine global economic paradigms, Indian Micro, Small, and Medium Enterprises...

MSME Tool Rooms Training Impact: Empowering India

Celebrating Achievements on 'National Small Industries Day' The MSME Tool Rooms Training Impact over the past 9 years has been instrumental in shaping the MSME sector in India, providing unparalleled training to the youth and significantly bolstering small and medium...

Latest News

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...