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MSME News

10 Nov 2024

No MSME Will Be Left Behind In PM Modi’s Government: FM Nirmala Sitharaman

The MSME sector has continued to play a pivotal role in driving economic growth, employment, and entrepreneurship across the nation.

10 Sep 2024

MSME Registrations Surge From 1.65 Crore To 5 Crore In A Year

He further stated that MSMEs contribute around 30 per cent to national GDP, 36 per cent to Indian manufacturing and around 44 per cent to Indian exports, along with providing 21 crore employment opportunities.

01 Jul 2024

SBI Unveils MSME Sahaj Financing: Avail Loan Up To Rs 1 Lakh Within 15 Mins

Under MSME Sahaj Digital Financing, the closure of the loan on due date is also automated and is carried out by the system itself.

27 Jun 2024

World MSME Day: 5 Flagship Schemes Introduced By Indian Govt For MSME Sector

Check out 5 flagship schemes introduced by the Indian government for MSME sector in the country.

11 Jun 2024

SBI Unveils SME Loans; No Financial Statements Required For Loan Upto Rs 50L

SBI SME Digital Business Loans: For loans up to Rs 50 lakhs, SBI has waived the requirement for financial statements, relying instead on transaction history and GST returns for appraisal.

15 Apr 2024

Banks Must Provide Simple Key Facts Statement To Borrowers: RBI

The RBI has decided to harmonise all instructions on KFS and disclosure of the Annual Percentage Rate (APR).

Small cap index

19 Feb 2024

Small And Mid Cap Index Continue To Outperform Large Cap Index

For the year ending January 2024, Realty (108%) and PSU Bank (57%) made the highest gains while Bank (13%) was the lowest performer, the report said.

05 Feb 2024

Ikea Looks At Next Round Of Investment In India After Fulfilling Rs 10,500-Cr

Currently, Ikea is operating stores in Hyderabad, Mumbai and Bengaluru and is investing around Rs 7,000 crore to enter the National Capital Region with two stores in Gurugram and Noida.

Finance Minister

29 Jan 2024

FinMin Says Future Reforms Include Reducing Compliance Burden For MSMEs

The rapidly expanding digital infrastructure is continuously improving institutional efficiency.

Interim Budget 2024

24 Jan 2024

Remove Cap On CGTMSE Scheme For Last-mile MSME Financial Inclusion

CGTMSE cap was revised to allow for MSME loans to have interest rates not exceeding 21% per annum in 2023.

31 Mar 2023

Revised Loan Guarantee Scheme For MSME To Be Implemented From April 1

In Budget 2023-24, finance minister Nirmala Sitharaman announced the revamping of credit guarantee scheme for micro and small enterprises with effect from April 1, 2023, with an infusion of Rs 9,000 crore to the corpus to enable additional collateral-free guaranteed credit of Rs 2 lakh crore.

Emergency Credit Line Guarantee Scheme

20 Feb 2023

ECLGS for MSMEs: Finmin to Meet Heads of Banks on February 22

The meeting, to be chaired by Financial Services Secretary Vivek Joshi, would also see participation from top private sector lenders HDFC Bank, ICICI Bank, Axis Bank and Kotak Mahindra Bank.

Raising and Accelerating MSME Performance

30 Jun 2022

MSMEs form one-third of India's economy, Budget raised 650% in 8 years: PM

The Prime Minister made the remarks while inaugurating the Rs 6,062.45-crore `Raising and Accelerating MSME Performance` (RAMP) scheme for MSMEs at the `Udyami Bharat` programme held at Vigyan Bhawan in the national capital.

Raising and Accelerating MSME Performance

30 Jun 2022

PM Modi launches 'Raising and Accelerating MSME Performance' scheme

The scheme will complement the Aatmanirbhar Bharat Abhiyan. PM Narendra Modi also inaugurated the `Capacity Building of First-Time MSME Exporters` scheme.

27 Jun 2022

World MSME Day today, 27 June 2022: Check out THESE loan schemes by govt

The Government of India (GoI) offers many loan packages to help small enterprises fund their operations, purchase new equipment, expand their operations, and more.

29 Apr 2022

Zero Defect Zero Effect scheme for MSME launched, additional subsidy for women

Union Minister for Micro, Small and Medium Enterprises Shri Narayan Rane has said that ZED has the potential to become a national movement and that it aims to provide a roadmap to global competitiveness for the MSMEs of India.

08 Mar 2022

RBI issues guidelines for interest equalisation scheme for export credit

As per the modifications made by the government to the scheme, the telecom instrument sector having six HS (Harmonised System) lines shall be out of the purview of the plan, except for MSME manufacturer exporters. The RBI notification further said the extended scheme will not be available to those beneficiaries, who are availing the benefit under any production linked incentive (PLI) scheme of the government. With effect from April 1, 2022, banks shall reduce the interest rate charged to the eligible exporters.

03 Mar 2022

Piyush Goyal asks industry to explore ways to hike manufacturing contribution

Currently, manufacturing accounts for about 15 per cent of the country's GDP. The minister added that Indian companies should support goods manufactured locally.

13 Jan 2022

Piyush Goyal appeals to industry to prepay MSMEs for their services

The meeting was called to seek their suggestions and inputs to ensure the continuation of fast rebound of economic activities and high growth rates being achieved.

04 Jan 2022

MSMEs need benefits of registration? Here’s what it looks like

According to the MSME Ministry's 2020-21 annual report, a total of 21,96,902 businesses registered for Entrepreneurs Memorandum (EM-II) between 2007 and 2015. As of December 31, 2021, the total number of registered users on the Udyam site was roughly 64.10 lakh. India's laundry market is predicted to expand to $15 billion by 2025, up from $11.3 billion in 2019.

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