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Budget 2025: Credit Boost for MSMEs, loans for Women, SC/ST First-Time Entrepreneurs

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 […]

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Economic Survey: Electronics market still 4% of global pie

India has made strides in boosting domestic electronics manufacturing, with programmes like Make in India and Digital India playing crucial roles. The domestic production of electronic goods grew significantly, with a remarkable reduction in smartphone imports. However, the industry has focused primarily on assembly, with limited advancements in design and component manufacturing, representing only 4% […]

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Budget 2025: TDS, TCS simplified; higher exemptions for rent, LRS and education loans

Budget 2025: For Liberalised Remittance Scheme (LRS) transactions, the TCS exemption limit has been increased from ₹7 lakhs to ₹10 lakhs. Finance Minister, Nirmala Sitharaman announced key changes to the Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) framework in the Budget 2025. The Government aims to simplify tax deduction and collection […]

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The challenges facing SMEs

Faced with inflation, an economic slowdown and tightening regulations, small and medium-sized enterprises are operating in a difficult environment. To help them move forward, we need to focus on improving their competitiveness. Luxembourg’s economic fabric is essentially made up of small- and medium-sized enterprises, if we stick to the most commonly accepted definition. This is […]

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How to Overcome Common Challenges in Export Finance?

Export finance is important for businesses that sell products and services to other countries. It helps them manage money and grow worldwide. However, dealing with export finance can be tricky, with many challenges that can make things difficult. Problems like changing currency values and complicated rules need careful planning and smart solutions. In this blog, […]

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CONFERENCE ON CYBER SECURITY FOR ENTERPRISES

Mr. Chandrakant Salunkhe – Founder and President, SME Chamber of India & Maharashtra Industry Development Association (MIDA) addressing the delegates on Exploring emerging business, exports and investment opportunities for better business growth of SMEs and manufacturing industries Mr. Chandrakant Salunkhe – Founder and President, SME Chamber of India & Maharashtra Industry Development Association (MIDA) addressing […]

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INTERACTIVE MEETING WITH Chairman & Managing Director Larsen & Toubro Limited

Shri Chandrakant Salunkhe, Founder & President, SME Chamber of India and Maharashtra Industry Development Association paid a courtesy visit to Shri S. N. Subrahmanyan, Chairman & Managing Director of M/s. Larsen & Toubro Limited to discuss on the various potential opportunities for SMEs and manufacturing industries for supply chain and other business opportunities with the […]

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India’s exports grow by 6% as both merchandise and services exports overcome global headwinds, global competition and rising protectionism: Economic Survey 2024-25

India’s share in global services exports doubles from 1.9% in 2005 to 4.3% in 2023. Gross FDI increases from USD 47.2 billion to USD 55.6 billion in the first eight months of FY25 over the same period of FY24. India’s foreign exchange reserves stood at USD 640.3 billion at the end of December 2024. India’s […]

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Credit Guarantee Scheme for MSMEs

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, […]

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