Category: MSME

India’s micro, small and medium enterprises have new definitions that promise to open doors wider for them this financial year as well as improve their chances of securing delayed payments faster. The Union Government, in a notification dated 21st March, amended the definitions of micro, small and medium enterprises, raising limits for investments in plant […]

The Government has urged public sector banks to extend loans up to Rs.10 crores through the new digital credit assessment model, increasing the limit from Rs.25 lakhs to Rs.5 crores to boost credit flow to MSMEs. The Government has urged public sector banks (PSBs) to extend loans up to Rs.10 crores through the newly launched […]

Coimbatore has consistently harnessed its manufacturing strength and entrepreneurial spirit to support small businesses across various industries. For Adarsh V Srinivasan, CEO of SKYX Aerospace, the decision to start his company in the southern city of Coimbatore was initially a personal one. It was the hometown of his mother and the place where he spent […]

The Union Budget 2025-26, announced by Finance Minister, Nirmala Sitharaman on February 1, 2025, introduced a host of measures aimed at supporting India Inc., with an emphasis on tax reforms, export promotion and ease of doing business being paramount. A revision in MSME classification, steps to boost India’s share in global trade and improving the […]

The Ministry of Micro, Small, and Medium Enterprises (MoMSME) has launched the MSME Trade Enablement and Marketing (TEAM) Initiative, a groundbreaking effort aimed at enhancing the digital presence of small businesses across India. With a budget of ₹277.35 crores allocated over three years, the initiative seeks to onboard 5 lakhs micro and small enterprises, with a special focus on women-led businesses. This initiative is […]

Budget 2025: Union Finance Minister, Nirmala Sitharaman announced a credit boost for MSMEs, loans for women & SC/ST first-time entrepreneurs. Union Finance Minister Nirmala Sitharaman on Saturday announced a credit boost for MSMEs or Micro, Small and Medium Enterprises to generate employment, especially for the young people. To help the enterprises achieve higher efficiency of […]

Sector responsible for 36% of country’s manufacturing output to see enhanced access to capital & skill development. Calling them one of the four “powerful engines” driving the economy, Union Finance Minister, Nirmala Sitharaman announced a series of measures in the Union Budget 2025 aimed at strengthening India’s Micro, Small, and Medium Enterprises (MSME). These included increased investment […]

The Government of India has introduced the Mutual Credit Guarantee Scheme for MSMEs (MCGS-MSME), aiming to ease credit constraints and propel growth in the manufacturing sector. About: The Micro, Small, and Medium Enterprise (MSME) sector forms the backbone of the Indian economy, contributing significantly to employment, innovation, and economic growth.  Within the MSME landscape, the manufacturing sector plays a crucial role, […]

The official further said that the RBI only partially restored this classification to the extent of Rs. 20 lakhs per borrower. Hence, NBFCs funding to MSEs is now restricted. The micro, small and medium enterprise (MSME) industry bodies have requested that the Reserve Bank of India (RBI) classify credit provided by banks to non-banking financial […]

Support to the millions of MSMEs, the backbone of the economy, is absolutely vital to inch closer to India’s green goals. India has its long-term goals of achieving net-zero by 2070 and meeting 50% of electricity needs from non-fossil sources by 2030. To be in sync with such targets, companies need to focus on sustainability […]