In its pre-Budget memorandum to the Ministry of Micro, Small and Medium Enterprises, EEPC India also sugg ...More

In its pre-Budget memorandum to the Ministry of Micro, Small and Medium Enterprises, EEPC India also suggested increasing the benefits limit available under the Interest Equalization Scheme (IES) to Rs 10 crores from Rs 50 lakh now. ...Less

Ahmedabad is ready to host this year’s last session of ET Make in India SME Regional Summit. ...More

Ahmedabad is ready to host this year’s last session of ET Make in India SME Regional Summit. ...Less

Amazon India credits government support for digital infrastructure and e-commerce export initiatives for ...More

Amazon India credits government support for digital infrastructure and e-commerce export initiatives for this success. ...Less

Central to this launch is the IRIS Biz by YES BANK (IRIS Biz), a digital interface that provides a wide r ...More

Central to this launch is the IRIS Biz by YES BANK (IRIS Biz), a digital interface that provides a wide range of integrated solutions to both simplify and strengthen business operations. ...Less

Oliver Prill, CEO of Tide, emphasises the importance of leveraging the MSME sector, which is crucial for ...More

Oliver Prill, CEO of Tide, emphasises the importance of leveraging the MSME sector, which is crucial for driving India's economic growth. ...Less

Muthoot FinCorp ONE will offer loans with daily repayment options to Micro, Small and Medium Enterprises ...More

Muthoot FinCorp ONE will offer loans with daily repayment options to Micro, Small and Medium Enterprises (MSME) that use QR-code based apps for daily collections, the NBFC said in a statement. ...Less

The Federation of Indian Export Organisations emphasizes the risk to value-added steel product exports. D ...More

The Federation of Indian Export Organisations emphasizes the risk to value-added steel product exports. Delays in customs clearance are also disrupting production and harming India's global reputation. ...Less

A joint ASSOCHAM-EGROW study highlighted the challenges faced by Indian MSMEs and proposed solutions for ...More

A joint ASSOCHAM-EGROW study highlighted the challenges faced by Indian MSMEs and proposed solutions for their growth, including reduced corporate tax, simplified GST, and MSME-focused financial solutions. ...Less

Amazon India pledged $120 million to support startups focused on domestic manufacturing and brand exports ...More

Amazon India pledged $120 million to support startups focused on domestic manufacturing and brand exports at its Amazon SMBhav 2024 event. ...Less

The summits are a series of on-ground events held across India to bring together local MSMEs, policymaker ...More

The summits are a series of on-ground events held across India to bring together local MSMEs, policymakers, enablers and industry stakeholders. ...Less

Both existing and new Bank of Baroda customers can apply for the Baroda Mahila Swavalamban scheme through ...More

Both existing and new Bank of Baroda customers can apply for the Baroda Mahila Swavalamban scheme through all Bank of Baroda branches across the country. ...Less

A study by ASSOCHAM and Egrow Foundation highlights challenges faced by MSMEs in complying with regulatio ...More

A study by ASSOCHAM and Egrow Foundation highlights challenges faced by MSMEs in complying with regulations, obtaining finance, and accessing markets. Recommendations include creating MSME-specific bonds, expanding Small Finance Banks, and simplifying taxes to improve credit access and formalise micro-enterprises, aiding India's development goals by 2047. ...Less

More small businesses are becoming aware of TReDS and its benefits and this is bringing down the cost of ...More

More small businesses are becoming aware of TReDS and its benefits and this is bringing down the cost of doing business, says Sundeep Mohindru. ...Less

The Primo initiative introduces consumer loyalty programme and operator-centric digital marketing feature ...More

The Primo initiative introduces consumer loyalty programme and operator-centric digital marketing features to make it a seamless journey for small and medium enterprises. ...Less

These summits aim to unravel opportunities, tackle challenges and foster knowledge-sharing and networking ...More

These summits aim to unravel opportunities, tackle challenges and foster knowledge-sharing and networking to propel the next phase of growth for Indian MSMEs. ...Less

There is an urgent need for the MSMEs to invest and train their employees in these areas to survive a maj ...More

There is an urgent need for the MSMEs to invest and train their employees in these areas to survive a major disruption. ...Less

Founder of embedded B2B finance platform says they can help founders raise money easily without diluting ...More

Founder of embedded B2B finance platform says they can help founders raise money easily without diluting equity or presenting collateral. ...Less

With the aim to gather, connect and engage with the thriving small businesses community of Jaipur, the ET ...More

With the aim to gather, connect and engage with the thriving small businesses community of Jaipur, the ET Make in India SME Regional Summit is ready for its next destination. ...Less

The ET MSME Awards is back, and its fifth edition celebrates the achievements of India’s exceptional MSME ...More

The ET MSME Awards is back, and its fifth edition celebrates the achievements of India’s exceptional MSMEs. ...Less

The company claims to have empowered banks to do business more intelligently while reducing both credit r ...More

The company claims to have empowered banks to do business more intelligently while reducing both credit risk and turnaround time. ...Less

The search is on to reward India’s exemplary Micro, Small, and Medium Enterprises at the fifth edition of ...More

The search is on to reward India’s exemplary Micro, Small, and Medium Enterprises at the fifth edition of India’s largest MSME awards. ...Less

The Mumbai-based vendor digitalisation platform has recently expanded into three verticals to cater to th ...More

The Mumbai-based vendor digitalisation platform has recently expanded into three verticals to cater to the evolving needs of the SME B2B market. ...Less

The solution targets GST-compliant invoicing and unpaid invoice automation. Over 400,000 SMEs have joined ...More

The solution targets GST-compliant invoicing and unpaid invoice automation. Over 400,000 SMEs have joined Tide, addressing key challenges in bookkeeping and invoicing for small businesses to promote efficient financial operations. ...Less

GoDaddy says it offers AI-powered tools in a variety of its products to small businesses who can benefit ...More

GoDaddy says it offers AI-powered tools in a variety of its products to small businesses who can benefit from the use of such advanced technologies. ...Less

The MSME Development Act is set for amendments to better protect small businesses and resolve disputes th ...More

The MSME Development Act is set for amendments to better protect small businesses and resolve disputes through an online system, according to MSME secretary SCL Das. He emphasized the need for banks to consider cash flow and digital footprints when lending, beyond just balance sheets and collaterals. ...Less

The programme in the city, which offers immense opportunities for manufacturing and services sectors, wil ...More

The programme in the city, which offers immense opportunities for manufacturing and services sectors, will connect small business, industry leaders and stakeholders to further the growth prospects of MSMEs. ...Less

Pune is the next destination of the ET Make in India SME Regional Summit, which kicks off today (October ...More

Pune is the next destination of the ET Make in India SME Regional Summit, which kicks off today (October 18). ...Less

Making the best of both worlds, Pune is the upcoming destination for the programme which aims to connect ...More

Making the best of both worlds, Pune is the upcoming destination for the programme which aims to connect small business, industry leaders and stakeholders. ...Less

Director General of Foreign Trade Santosh Kumar Sarangi said that the department of commerce has been "st ...More

Director General of Foreign Trade Santosh Kumar Sarangi said that the department of commerce has been "struggling" to convince the finance ministry regarding the relevance of the Interest Equalisation Scheme (IES) and the extent to which it is maintaining manufacturing competitiveness. ...Less

Small businesses face a host of challenges such as supply chain disruptions and cyber security risks. Thi ...More

Small businesses face a host of challenges such as supply chain disruptions and cyber security risks. This makes it necessary for them to have tailored insurance solutions to safeguard themselves. ...Less

The policy said the government is aiming to see that over 25,000 new MSMEs are established in the state i ...More

The policy said the government is aiming to see that over 25,000 new MSMEs are established in the state in the next five years. ...Less

The MSME ministry, under Jitan Ram Manjhi, has focused on women empowerment, technology, employment, and ...More

The MSME ministry, under Jitan Ram Manjhi, has focused on women empowerment, technology, employment, and regional development in the first 100 days of Modi 3.0. Key initiatives include increased credit guarantee for women entrepreneurs, the Yashasvini campaign, PMEGP support for new enterprises, and new technology centers in Bokaro and Leh. ...Less

The four-day event organised by EEPC India will witness the participation of over 25 speakers across 8 de ...More

The four-day event organised by EEPC India will witness the participation of over 25 speakers across 8 dedicated sessions. ...Less

During the AGM, the bank highlighted its continued focus on growth and transformation, laying out a compr ...More

During the AGM, the bank highlighted its continued focus on growth and transformation, laying out a comprehensive plan for expansion and digitalisation to drive future growth. ...Less

YES BANK and FICCI FLO launched YES PowherUp, a program designed to empower women entrepreneurs in India. ...More

YES BANK and FICCI FLO launched YES PowherUp, a program designed to empower women entrepreneurs in India. The initiative aims to address the challenges faced by women-led businesses and support their growth and success by providing tools and resources. ...Less

CGTMSE celebrated approving 1 crore loan guarantees. The event honored small businesses and lenders. Chai ...More

CGTMSE celebrated approving 1 crore loan guarantees. The event honored small businesses and lenders. Chairman Manoj Mittal highlighted the impact of credit guarantees. These guarantees help businesses access funding without collateral. ...Less

India's second-quarter GDP figures came as a surprise to many. However, this confirms the concerns of man ...More

India's second-quarter GDP figures came as a surprise to many. However, this confirms the concerns of many small businesses who have been reporting slowing growth and increasing difficulties for months. ...Less

India's startup ecosystem is witnessing a shift in exit strategies. Public market sales, including block ...More

India's startup ecosystem is witnessing a shift in exit strategies. Public market sales, including block trades and IPOs, are gaining prominence, offering liquidity to startups and early investors. This trend is driven by increased retail investor participation, a mature market, and the rise of new exit models like direct listings and SPACs. ...Less

The PM Vishwakarma Scheme, a program initiated by the Government of India, seeks to empower traditional a ...More

The PM Vishwakarma Scheme, a program initiated by the Government of India, seeks to empower traditional artisans across the country by providing them with financial support, skill development, and marketing assistance. ...Less

Gurgaon-based digital lender says its ecosystem-based approach has led to a 77% jump in borrowers and imp ...More

Gurgaon-based digital lender says its ecosystem-based approach has led to a 77% jump in borrowers and improved access to more customers in tier 2 and 3 cities. ...Less

The ET Make in India SME Regional Summits are a comprehensive nationwide initiative, bringing together MS ...More

The ET Make in India SME Regional Summits are a comprehensive nationwide initiative, bringing together MSMEs, policymakers, industry thought leaders, and key stakeholders to foster collaboration, knowledge-sharing, and growth. ...Less

Finance Minister Nirmala Sitharaman held a pre-Budget meeting with Micro, Small, and Medium Enterprises ( ...More

Finance Minister Nirmala Sitharaman held a pre-Budget meeting with Micro, Small, and Medium Enterprises (MSME) representatives to gather inputs for the 2025-26 Budget. The meeting included various industry associations and government officials. This is Sitharaman's third pre-Budget consultation, following meetings with economists and agricultural stakeholders. The budget is expected to be presented on February 1. ...Less

Punjab has requested Rs 1,000 crore from the Centre to bolster border security and police infrastructure. ...More

Punjab has requested Rs 1,000 crore from the Centre to bolster border security and police infrastructure. The state also sought industrial incentives, restoration of NABARD's ST-SAO limit, and funds for road connectivity, a new Vande Bharat train, crop residue management, and paddy diversification. Additional requests included increased funding for rural housing, the National Health Mission, and urban transportation. ...Less

TReDS is an initiative introduced by the RBI and backed by the MSME Ministry. It serves as an electronic ...More

TReDS is an initiative introduced by the RBI and backed by the MSME Ministry. It serves as an electronic platform facilitating the financing and discounting of trade receivables of MSMEs through multiple financiers in order to solve their working capital-related challenges. ...Less

India's Product-Linked Incentive (PLI) schemes, launched in 2020, are boosting domestic manufacturing and ...More

India's Product-Linked Incentive (PLI) schemes, launched in 2020, are boosting domestic manufacturing and exports. With over US$26 billion invested across 14 sectors, the program has driven significant job creation and investment, exceeding targets in some areas like white goods. The initiative is strengthening the MSME ecosystem and significantly increasing domestic value addition. ...Less

Small businesses must focus on offering the right healthcare benefits to their employees to ensure they a ...More

Small businesses must focus on offering the right healthcare benefits to their employees to ensure they are healthy and motivated, says insurance industry stakeholders. ...Less

The Federation of Industry and Commerce of Northeast Region (FINER) advocated for retrospective inclusion ...More

The Federation of Industry and Commerce of Northeast Region (FINER) advocated for retrospective inclusion of MSMEs under the UNNATI 2024 scheme during the NER Dialogue in New Delhi. They highlighted the plight of units affected by the policy gap between NEIDS 2017 and UNNATI 2024, urging an extension of the registration window. ...Less

In FY24, public procurement from MSMEs almost doubled, reaching Rs 75,742 crore, up from Rs 38,432 crore ...More

In FY24, public procurement from MSMEs almost doubled, reaching Rs 75,742 crore, up from Rs 38,432 crore in FY23. This increase involved 133 CPSEs and one department. Total procurement by CPSEs and departments totaled Rs 2,13,685 crore, and the Ministry conducted 85% of its transactions digitally, according to its latest annual report. ...Less

The Confederation of Indian Industry (CII) suggests that by strengthening MSMEs, enhancing digital trade, ...More

The Confederation of Indian Industry (CII) suggests that by strengthening MSMEs, enhancing digital trade, and integrating deeply into global value chains, India could more than double its 2% share in global trade. ...Less

Commerce and Industry Minister Piyush Goyal announced that the government is open to exploring alternativ ...More

Commerce and Industry Minister Piyush Goyal announced that the government is open to exploring alternative financing models to support micro, small, and medium enterprises (MSMEs) and may allocate specific areas for them in industrial townships. He urged the industry to provide detailed feedback on challenges they face in accessing bank credit, especially regarding collateral and interest rates. ...Less

Akshay Ghulati, CEO - International Shipping, Shiprocket highlighted why efficient cross-border payments ...More

Akshay Ghulati, CEO - International Shipping, Shiprocket highlighted why efficient cross-border payments for MSMEs are the need of the hour if India’s ambitious targets in exports are to be realised. ...Less

NBFCs face challenges from high inflation and interest rates. Incomes remain stagnant in rural and semi-u ...More

NBFCs face challenges from high inflation and interest rates. Incomes remain stagnant in rural and semi-urban areas. This impacts loan repayments. NBFC growth is expected to slow down. Companies are revising their strategies. Asset quality, especially in microfinance, is a concern. Diversification and strong capital positions are key for NBFCs to navigate these issues. ...Less

Facing tighter regulations on unsecured lending, digital lenders in India are shifting towards secured op ...More

Facing tighter regulations on unsecured lending, digital lenders in India are shifting towards secured options like property and business loans. This transition involves increased physical verification and collateral checks, prompting some lenders to adopt 'feet-on-the-street' approaches and explore physical branches. ...Less

One of the cleanest cities of India, Indore has been building a conducive environment for many SMEs and i ...More

One of the cleanest cities of India, Indore has been building a conducive environment for many SMEs and is ready to host the next session of ET Make in India Regional Summit. ...Less

Shriram Finance, India's 2nd-largest NBFC, secures a record $1.27 billion multi-tranche loan from global ...More

Shriram Finance, India's 2nd-largest NBFC, secures a record $1.27 billion multi-tranche loan from global lenders including HSBC, MUFG, and SMBC. The loan, with maturities of three to five years, diversifies Shriram's funding sources amidst tighter RBI regulations and will support its lending business, including expansion into MSME financing. ...Less

The IPO, with a face value of Rs 2 per equity share, combines a fresh issue of up to Rs 885 crore and an ...More

The IPO, with a face value of Rs 2 per equity share, combines a fresh issue of up to Rs 885 crore and an offer of sale of up to Rs 565 crore by Corporate and Individual Selling Shareholders. ...Less

State-run banks in India are planning to launch a new credit assessment model for micro and small enterpr ...More

State-run banks in India are planning to launch a new credit assessment model for micro and small enterprises by December, which will base lending decisions on digital transactions and cash flow metrics like electricity bills and employee provident fund contributions, rather than traditional parameters such as tax returns. ...Less

The Indian government is investigating a possible increase in steel imports. The Directorate General of T ...More

The Indian government is investigating a possible increase in steel imports. The Directorate General of Trade Remedies (DGTR) will consult with small and medium-sized businesses. Domestic steel producers want higher import taxes. However, user industries and exporters oppose the taxes. They say higher steel prices will hurt their competitiveness. A final decision on import taxes will come later. ...Less

Ben Zogby, a Boston entrepreneur, sold his online trading platform, Highstrike, for $1.8 million on Flipp ...More

Ben Zogby, a Boston entrepreneur, sold his online trading platform, Highstrike, for $1.8 million on Flippa. Flippa's AI-powered platform connected Ben with buyers, provided a valuation tool, and facilitated a bidding war, maximizing his exit. Flippa's innovative tools and resources empower online business owners to achieve successful exits. ...Less

Addressing the challenges of nano entrepreneurs through tailored initiatives aimed at formalisation of th ...More

Addressing the challenges of nano entrepreneurs through tailored initiatives aimed at formalisation of the sector and improving resource accessibility are crucial for their upliftment. ...Less

Cashfree Payments’ Secure ID is also tailored for startups and MSMEs, helping them manage their verificat ...More

Cashfree Payments’ Secure ID is also tailored for startups and MSMEs, helping them manage their verification processes and mitigate fraud without the need for extensive infrastructure or high operational costs. ...Less

Indian public sector banks' gross non-performing assets fell to a 10-year low of 3.12% by September 2024, ...More

Indian public sector banks' gross non-performing assets fell to a 10-year low of 3.12% by September 2024, aided by government reforms. Profitability soared, with record net profits and increased dividend payouts. Financial inclusion deepened with a surge in Jan Dhan accounts and collateral-free loans. Bank branches expanded, and MSME lending grew significantly. ...Less

Making use of GST data, a Hyderabad-based financial technology firm claims it can show how small business ...More

Making use of GST data, a Hyderabad-based financial technology firm claims it can show how small businesses are doing and will do at a granular level. ...Less

PHDCCI President Hemant Jain urged the Indian government to regulate cryptocurrency, citing US President- ...More

PHDCCI President Hemant Jain urged the Indian government to regulate cryptocurrency, citing US President-elect Donald Trump's support as a positive development. He also advocated for expanding Production Linked Incentive schemes, focusing on AI, and lowering personal income tax rates in the upcoming budget. Jain highlighted concerns about global uncertainties and their potential impact on India's economy. ...Less

BESCOM's MD, Mahantesh Bilagi, announced that out of 5.15 lakh Bengaluru registrations for the 'PM-Surya ...More

BESCOM's MD, Mahantesh Bilagi, announced that out of 5.15 lakh Bengaluru registrations for the 'PM-Surya Ghar' scheme, 1.17 lakh were accepted. A workshop addressed implementation hurdles, including loan access for applicants over 65 and apartment complexes. The scheme aims to provide free electricity to 10 million households, achieving 6.3 lakh installations within nine months of its February 2024 launch. ...Less

To enhance credit flow to MSMEs, the government is urging banks to offer collateral-free term loans and a ...More

To enhance credit flow to MSMEs, the government is urging banks to offer collateral-free term loans and additional support during financial stress. The FY25 budget includes a new credit guarantee scheme to help MSMEs in manufacturing secure loans for machinery and equipment without needing collateral or a third-party guarantee. ...Less

As per the report, Mumbai demonstrated a much better payment behaviour with 29% of payments overdue for m ...More

As per the report, Mumbai demonstrated a much better payment behaviour with 29% of payments overdue for more than 90 days. ...Less

Shiprocket’s 1.5 lakh merchants will be able to make better decisions by using data-driven models. ...More

Shiprocket’s 1.5 lakh merchants will be able to make better decisions by using data-driven models. ...Less

Artificial intelligence (AI) is poised to transform credit decisioning, by enabling lenders to start lend ...More

Artificial intelligence (AI) is poised to transform credit decisioning, by enabling lenders to start lending to broader segments of MSMEs while suitably protecting them from a credit risk perspective. ...Less

The budgetary allocation in 2024-25 for something remains identical to the budget estimates of 2023-24 at ...More

The budgetary allocation in 2024-25 for something remains identical to the budget estimates of 2023-24 at Rs 22,137.95 crore. ...Less

The Mumbai-based lender is providing MSMEs financial support to run their businesses and also improve the ...More

The Mumbai-based lender is providing MSMEs financial support to run their businesses and also improve their energy efficiency. ...Less

Public sector banks will take a lead in developing a new credit assessment model on the basis of digital ...More

Public sector banks will take a lead in developing a new credit assessment model on the basis of digital footprints of MSMEs, the FM had said in the budget. ...Less

Utilising digital platforms for streamlined loan applications, automated credit scoring and fast disburse ...More

Utilising digital platforms for streamlined loan applications, automated credit scoring and fast disbursement can help MSMEs bridge their credit gap, according to Manish Shah, MD & CEO of Godrej Capital. ...Less

The survey notes that easing compliance, deregulation and robust export policy is crucial for growing the ...More

The survey notes that easing compliance, deregulation and robust export policy is crucial for growing the country’s ‘Mittelstand’. ...Less

While focussing on connecting with Surat’s vibrant MSME industries — ranging from diamonds to textiles — ...More

While focussing on connecting with Surat’s vibrant MSME industries — ranging from diamonds to textiles — the ET SME Summit will also aim to foster networking and innovation among the small businesses in the city. ...Less

A Paisabazaar study reveals 70% of 80 lakh Indian MSME business loan applications in the last 10 months s ...More

A Paisabazaar study reveals 70% of 80 lakh Indian MSME business loan applications in the last 10 months sought funds for immediate needs like working capital and raw materials. Less than 30% focused on growth initiatives. Demand concentrated in metros, but non-metro applications are rising. ...Less

The Rajya Sabha passed the Boilers Bill, 2024, repealing the 1923 Act. The new bill regulates boiler usag ...More

The Rajya Sabha passed the Boilers Bill, 2024, repealing the 1923 Act. The new bill regulates boiler usage, prioritizing safety and uniformity in registration. It decriminalizes minor offences, promoting ease of business while retaining penalties for major safety violations. The bill streamlines the act for clarity and was approved by the Union Cabinet in August. ...Less

The Rajya Sabha debated The Boilers Bill, 2024, aiming to replace the century-old Boilers Act, 1923. The ...More

The Rajya Sabha debated The Boilers Bill, 2024, aiming to replace the century-old Boilers Act, 1923. The bill seeks to improve boiler safety regulations, standardize registration, and modernize outdated provisions. It's part of a larger government initiative to repeal outdated colonial laws, promoting ease of doing business while retaining penalties for serious safety violations. ...Less

It is very difficult to get credit from banks, is the oft-repeated grouse of MSMEs. After years of lettin ...More

It is very difficult to get credit from banks, is the oft-repeated grouse of MSMEs. After years of letting scheduled commercial banks create a viable funding model for small businesses, the credit gap has only increased. Experts say now is the time to try something different. ...Less

Finance Minister Nirmala Sitharaman will begin pre-Budget consultations with various stakeholders startin ...More

Finance Minister Nirmala Sitharaman will begin pre-Budget consultations with various stakeholders starting on Friday. She will meet economists and other groups across sectors until December 30. These consultations are for the Union Budget 2025-26, which will be tabled on February 1. This Budget aims to provide policy direction for achieving the goal of a developed India by 2047. ...Less

Nominations are open for the ET MSME Awards 2024, which will recognise outstanding Indian MSMEs in manufa ...More

Nominations are open for the ET MSME Awards 2024, which will recognise outstanding Indian MSMEs in manufacturing, services, trade, and special focus areas. The awards celebrate achievements in business, innovation, exports, and contributions to socio-economic development. The deadline is November 30, 2024. ...Less

Though Finance Minister Nirmala Sitharaman made multiple announcements regarding custom duties, experts s ...More

Though Finance Minister Nirmala Sitharaman made multiple announcements regarding custom duties, experts say it could have made a comprehensive rationalisation of custom duties and given clarity on foreign trade strategy. ...Less

In its report submitted with the Ministry of Corporate Affairs (MCA), the committee has suggested raising ...More

In its report submitted with the Ministry of Corporate Affairs (MCA), the committee has suggested raising the turnover limit to Rs 75 crore in any of the past three years to maintain and audit cost records. ...Less

India’s largest, most credible MSME awards is back for a fifth edition. Here’s introducing the jury membe ...More

India’s largest, most credible MSME awards is back for a fifth edition. Here’s introducing the jury members who will evaluate and shortlist the very best micro, small, and medium enterprises in the country from among thousands of applicants. Don’t miss this opportunity to put yourself up for consideration! ...Less

Drone Destination and NSIC signs pact to provide comprehensive training in various segments of drone usag ...More

Drone Destination and NSIC signs pact to provide comprehensive training in various segments of drone usage and maintenance. ...Less

Synopsis: Developing Indigenous technology besides collaborating with global partners is crucial for MSME ...More

Synopsis: Developing Indigenous technology besides collaborating with global partners is crucial for MSME, says Rajneesh, AS & DC, MSME Ministry. ...Less

Finance Minister Nirmala Sitharaman revealed that the government is establishing a new fund to help MSMEs ...More

Finance Minister Nirmala Sitharaman revealed that the government is establishing a new fund to help MSMEs facing financial issues due to delayed payments. Traders must now clear MSME bills within 45 days according to Section 43B(h) of the Income Tax Act. The new rule, active from April 1, has made MSMEs apprehensive. The budget has also offered collateral-free loans for MSMEs and proposed a Rs 1000 crore venture capital fund for the space sector. Additionally, the Rs 1 lakh crore Anusandhan National Research Fund will support research and innovation, particularly in Bengaluru. ...Less

The EPFO Amnesty Scheme 2024 has been approved, encouraging employers to resolve past compliance issues w ...More

The EPFO Amnesty Scheme 2024 has been approved, encouraging employers to resolve past compliance issues without penalties and promoting job creation. It will be rolled out with the ELI schemes. The central board of trustees also approved several proposals, including simplifying bank empanelment criteria and extending interest payment benefits for EPFO subscribers. ...Less

The budget emphasises technology, with increased funding for research and development, also prioritising ...More

The budget emphasises technology, with increased funding for research and development, also prioritising digital infrastructure, and women's development with a strong support to MSMEs and entrepreneurship. ...Less

The government's commitment to bolstering India's technology sector and fostering innovation has been met ...More

The government's commitment to bolstering India's technology sector and fostering innovation has been met with praise, though some areas have sparked debate. ...Less

Now in its fifth edition, the ET MSME Awards seeks to find India’s best Micro, Small, and Medium Enterpri ...More

Now in its fifth edition, the ET MSME Awards seeks to find India’s best Micro, Small, and Medium Enterprises. Here's why businesses should submit their nominations by November 30, 2024. ...Less

The Economic Survey 2023-24, presented in Parliament, proposes several bottom-up reforms to ensure sustai ...More

The Economic Survey 2023-24, presented in Parliament, proposes several bottom-up reforms to ensure sustained growth through 2047. Among these, it highlights the potential of medium, small, and micro enterprises (MSMEs) as a key pillar for India's manufacturing sector. The Survey likens MSMEs to Germany's 'Mittelstand,' which is vital to Germany's economy, driving significant output, employment, and tax revenue. ...Less

The needs to rationalise building regulations to allow manufacturers use their land more constructively, ...More

The needs to rationalise building regulations to allow manufacturers use their land more constructively, says the Economic Survey 2024. ...Less

CEO Nidhi Bhasin leads a collaborative effort to equip marginalized youth with skills for the job market, ...More

CEO Nidhi Bhasin leads a collaborative effort to equip marginalized youth with skills for the job market, uniting SMEs to amplify social impact and address the demand for skilled professionals, making a significant collective impact on CSR efforts. ...Less

The government aims to support MSMEs through sector wide integration and a composite criterion. The eco s ...More

The government aims to support MSMEs through sector wide integration and a composite criterion. The eco survey stated that TReDS platform boosted liquidity by discounting Rs 2.9 lakh crore of MSME invoices. ...Less

MSME Day 2024: While the role of women has increased significantly in India’s MSME set-up, certain challe ...More

MSME Day 2024: While the role of women has increased significantly in India’s MSME set-up, certain challenges remain which need to be soon addressed. Notably, the women-led MSMEs play a critical role in this set up. They contribute significantly to employment and investment. ...Less

Finance Minister Nirmala Sitharaman launched a national program to boost financial access for Micro, Smal ...More

Finance Minister Nirmala Sitharaman launched a national program to boost financial access for Micro, Small, and Medium Enterprises (MSMEs). The initiative includes new bank branches, increased credit targets, and a partnership with Peenya Industries Association. Sitharaman also highlighted the government's commitment to supporting MSME growth through various schemes and initiatives. ...Less

The new tool leverages generative AI to give data-driven insights to ecommerce queries, optimising decisi ...More

The new tool leverages generative AI to give data-driven insights to ecommerce queries, optimising decision-making and improving customer experience for MSMEs. ...Less

Financial Services Secretary M Nagaraju announced public sector banks will launch new products in the com ...More

Financial Services Secretary M Nagaraju announced public sector banks will launch new products in the coming months to boost credit growth, particularly for MSMEs. He acknowledged the risk of rising digital fraud while emphasizing the government's commitment to financial inclusion through collaboration with the fintech industry. Nabard Chairman Shaji KV highlighted the need for equitable technological transformation in rural banking. ...Less