Category: MSME

The Indian Government is exploring extending its Mutual Credit Guarantee Scheme for MSMEs to specific services sectors that support local manufacturing, aiming to bridge the higher credit gap faced by services. With the services sector facing a higher credit gap, the Centre is considering extending the credit guarantee cover under the newly launched Mutual Credit […]

Bank loans sanctioned to MSMEs increased in FY 22 in the wake of the covid-19 pandemic and continued to increase till FY 24. The decline is significant since MSMEs contribute around 29% to India’s GDP. Bank loans sanctioned to India’s micro, small and medium enterprises (MSMEs) under the Prime Minister’s Employment Generation Program (PMEGP) dipped […]

TVS Capital, Lok Capital and others back newly licensed NBFC to expand credit access for underserved MSMEs in semi-urban and rural India, valuing firm at ₹900 crores. Saarathi Finance, a newly licensed non-banking financial company (NBFC) focused on India’s micro, small and medium enterprises (MSMEs), has raised ₹475 crores in its inaugural funding round. The […]

India’s MSME ecosystem has unique features that call for a customized approach. There is a growing consensus that India must develop its own basic AI model to address local challenges and opportunities. By Ateesh Singh: Adoption of digital tools and processes has created a significant impact on the MSME sector, transforming how businesses operate and thrive. This […]

Vaishnaw said that while some of the big players have applied, there has been huge interest in the scheme from small and medium players. The Government has received 70 applications for Rs 23,000-crore electronics component manufacturing scheme and majority of applicants are small and medium enterprises, Union Minister, Ashwini Vaishnaw said. These applications have come […]

APIIC, VC & MD, Abhishikt Kishore and other senior officials participated in the meeting held at the APIIC headquarters in Mangalagiri. Andhra Pradesh Minister for MSME, SERP and NRI Empowerment and Relations, Kondapalli Srinivas on Thursday reviewed the status of the proposed 175 MSME Parks across the State with focus on accelerating land allotment and […]

The Allahabad High Court had held that entities acting on behalf of foreign companies were expressly excluded from receiving MSME benefits. The Supreme Court recently upheld an Allahabad High Court decision quashing the award of a ₹37.92 crores cloud services contract to CloudThat Technologies, a registered Micro and Small Enterprise (MSE), on the ground that […]

Small businesses are calling for relaxations in proposed regulations for exports and imports under the Foreign Exchange Management Act (FEMA), saying a one-size-fits-all solution would disadvantage them. MSMEs or micro, small and medium enterprises, say the draft regulations, which were open for public consultations till 30 April, don’t have enough provisions for their exports of […]

NCLAT in the matter of SNJ Synthetics Limited vs. PepsiCo India Holdings Private Limited, rejected the Section 9 application filed by an MSME operational creditor on the ground that the amount of default (excluding interest accrued as per Sections 15 and 16 of MSMED Act) was less than the limit stipulated under section 4 that […]

The latest survey on the progress of Indian MSMEs and challenges faced — noted that timely and adequate credit access is one of the key challenges for the MSME sector, which has an addressable credit gap of around Rs. 30 lakh crores despite increasing credit supply. Even as the Government has taken multiple policy measures, […]