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  • MSME competitive scheme part of efforts to strengthen sector: PM Modi March 13, 2023 12:36 PM IST

    MSME competitive scheme part of efforts to strengthen sector: PM Modi

    The government on Friday launched the revamped MSME Competitive (LEAN) scheme to make it more beneficial for enterprises and stakeholders.

  • Take advantage of Budget initiatives and invest, PM asks India Inc March 07, 2023 12:10 PM IST

    Take advantage of Budget initiatives and invest, PM asks India Inc

    Addressing the 10th webinar on Budget, Modi said the government has increased outlay on capex to a historic high of Rs 10 lakh crore.

  • Steps by Centre to increase exports by MSME sector: Official March 02, 2023 01:54 PM IST

    Steps by Centre to increase exports by MSME sector: Official

    According to the MSME ministry, the market is getting bigger with the advancement of digital technologies and opening up of more export markets.

  • Government offers 5G test bed for free to recognised start-ups, MSMEs till Jan 2024 February 27, 2023 08:22 PM IST

    Government offers 5G test bed for free to recognised start-ups, MSMEs till Jan 2024

    The release further said that all 5G stakeholders including industry, academia, service providers, research and development institutions, government bodies and equipment manufacturers can utilise this facility at a very nominal rate.

  • MSME Trade Receivables offer alternative investment avenue for HNIs and institutional investors February 14, 2023 10:42 AM IST

    MSME Trade Receivables offer alternative investment avenue for HNIs and institutional investors

    The digital supply chain finance (SCF) ecosystem links HNIs and institutional investors, searching for returns with trusted providers, while MSMEs pool their unpaid invoices to obtain working capital

  • Amit Shah says development of UP necessary to make India a 5 trillion dollar economy February 10, 2023 10:37 PM IST

    Amit Shah says development of UP necessary to make India a 5 trillion dollar economy

    Shah was speaking at a session, titled "Enhancing and Empowering MSME and Cooperatives", at the Uttar Pradesh Global Investors Summit. The prime minister inaugurated the summit on Friday.

  • Expanded scope of TReDS will improve flow of working capital credit to small businesses February 10, 2023 07:28 PM IST

    Expanded scope of TReDS will improve flow of working capital credit to small businesses

    The RBI has allowed insurance companies as the fourth participant on TReDS, in addition to MSMEs, buyers and financiers.

  • Budget 2023-24 will give boost to fund-starved sectors: MSME secretary February 08, 2023 09:06 PM IST

    Budget 2023-24 will give boost to fund-starved sectors: MSME secretary

    Availability, accessibility and affordability of credit/funds are the main challenges of the sector, said B B Swain, Secretary to the Union Ministry for Micro, Small and Medium Enterprises (MSMEs).

  • Cut in customs duty, support to MSMEs in Budget to help boost manufacturing, exports: Exporters February 02, 2023 01:15 PM IST

    Cut in customs duty, support to MSMEs in Budget to help boost manufacturing, exports: Exporters

    Federation of Indian Export Organisations (FIEO) President A Sakthivel said that many of the changes in the customs duties will help to provide competitiveness to manufacturing and exports, besides attempting imports substitution.

  • Economic Survey 2023: PLI scheme to attract Rs 3 lakh crore in five years January 31, 2023 05:30 PM IST

    Economic Survey 2023: PLI scheme to attract Rs 3 lakh crore in five years

    Has the potential to generate employment for over 60 lakh people.

  • Budget 2023: MSMEs seek easing of tax structure, easy access to credit January 30, 2023 08:28 PM IST

    Budget 2023: MSMEs seek easing of tax structure, easy access to credit

    MSME Budget 2023 Expectations: MSME sector experts seek better access to credit for expanding their business, a more simplified tax system, and incentivising structure.

  • Check your financial bias: How your lending business may be less accessible to women & how to fix that January 29, 2023 08:08 AM IST

    Check your financial bias: How your lending business may be less accessible to women & how to fix that

    One of the issues is that women are more likely to be “thin file” customers, lacking a formal credit score. There are new ways of using alternative data to create a proxy score.

  • Budget 2023: What women want from FM Nirmala Sitharaman January 19, 2023 01:00 PM IST

    Budget 2023: What women want from FM Nirmala Sitharaman

    From lower taxes on hygiene products to easier access to credit and lower import tariffs to greater incentives for businesses owned by women, Indian women have their wish list from the first woman finance minister.

  • How Budget 2023 can boost MSME sector and target job creation January 18, 2023 01:57 PM IST

    How Budget 2023 can boost MSME sector and target job creation

    Union Budget should take into account the slowdown in developed economies which could hit exports by MSMEs. Some of the challenges on the funding front need to be addressed.

  • SIDBI partners with VFS to extend MSME loans January 16, 2023 01:09 PM IST

    SIDBI partners with VFS to extend MSME loans

    VFS Capital will extend MSME loans upto Rs 5 lakh at 13 per cent interest rate per annum, a top company official said.

  • PM Modi launches Aspirational Block Programme, asks chief secretaries to end 'mindless compliances' January 07, 2023 10:37 PM IST

    PM Modi launches Aspirational Block Programme, asks chief secretaries to end 'mindless compliances'

    At a time when India is initiating unparalleled reforms, there is no scope for overregulation and mindless restrictions, PM Modi tweeted

  • State-run lenders plan cloud-based platform for fintech connect January 04, 2023 11:07 AM IST

    State-run lenders plan cloud-based platform for fintech connect

    The framework will enable state-run banks to access the broad network of fintech companies' resources, lowering their own costs associated with obtaining loans and making ad hoc investments in expensive platforms or technology.

  • Low demand, rise in raw material prices key problems of MSMEs: Survey December 21, 2022 12:34 PM IST

    Low demand, rise in raw material prices key problems of MSMEs: Survey

    The report by Bhartiya Yuva Shakti Trust (BYST) also said that though markets have stabilised, about 57 per cent of the units that participated in the survey are struggling to get new orders for their merchandise.

  • Budget 2023 | Most MSMEs doing well but financing still an issue, says FISME secretary general December 20, 2022 05:20 PM IST

    Budget 2023 | Most MSMEs doing well but financing still an issue, says FISME secretary general

    Reforms, instead of a fiscal push, will help keep financing costs low, helping micro, small and medium enterprises expand, says Anil Bhardwaj.

  • Alternative funding, tech-friendly and personalised services to boost digital lending, say experts December 06, 2022 07:58 PM IST

    Alternative funding, tech-friendly and personalised services to boost digital lending, say experts

    The main advantage of digital lending is easy access via mobile devices, and less paperwork and eligibility checks than in a traditional bank

  • Walmart, Flipkart join hands with NSIC to help MSMEs grow, unlock export potential December 06, 2022 04:20 PM IST

    Walmart, Flipkart join hands with NSIC to help MSMEs grow, unlock export potential

    The agreement was signed at a summit here to mark the milestone of 20,000 MSMEs completing their training under the Walmart Vriddhi Supplier Development Programme, of which Swasti is a programme partner.

  • Govt taking steps to make Indian MSMEs stronger, globally competitive: Bhanu Pratap Singh Verma December 05, 2022 04:22 PM IST

    Govt taking steps to make Indian MSMEs stronger, globally competitive: Bhanu Pratap Singh Verma

    Addressing FICCI's Annual MSME Summit, Verma urged the industry and other stakeholders to work with the government to make India a USD 5 trillion economy along with becoming self-reliant.

  • 43% of MSMEs to close this fiscal with pre-pandemic margins November 16, 2022 07:38 PM IST

    43% of MSMEs to close this fiscal with pre-pandemic margins

    The report is based on 69 sectors and 147 clusters or two-thirds of the MSME universe, which logged an aggregate revenue of Rs 56 lakh crore, representing 20-25 per cent of the GDP.

  • We allow customers to mix and match storage plans: Google Workspace October 27, 2022 01:06 PM IST

    We allow customers to mix and match storage plans: Google Workspace

    Kelly Waldher, vice president for marketing at Google Workspace, addresses concerns of small businesses in India about costly storage plans and adds that companies can soon pool storage among their teams.

  • MSMEs can continue to avail non-tax benefits post re-classification: Govt October 19, 2022 01:39 PM IST

    MSMEs can continue to avail non-tax benefits post re-classification: Govt

    The Ministry of MSME has notified that in case of re-classification in terms of investment in plant and machinery or equipment or turnover or both, and consequent re-classification, an enterprise shall continue to avail of all non-tax benefits of the category it was in before the re-classification for three years from the date of the such upward change.