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Vedanta unveils ‘Saathi’ programme to fuel the MSME ecosystem
With this programme, the leading producer of metals and oil & gas is seeking partnerships with MSMEs to set up downstream and ancillary manufacturing units near its plants. Read more
Sivasubramanian Ramann takes charge as the new SIDBI CMD
His appointment will be effective for a period of three years.Read more
Government notifies Pre-packaged insolvency Amendment PPIRP for MSMEs
The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021 was promulgated on April 4, 2021 by the President Ram Nath Kovind.Read more
Vedanta’s ‘waste to wealth’ projects boost local MSMEs in Odisha & Chhattisgarh
The company supports over a hundred brick manufacturing MSMEs situated around and beyond its areas of operations with fly ash free of cost to their doorsteps, amounting to nearly 5 lakh metric tonnes per annum.Read more
MUDRA Yojana helps generate 1.12 cr additional employment between 2015 to 2018
The loans are given for income generating activities in manufacturing, trading and services sectors and for activities allied to agriculture.Read more
Raghunandan Saraf: E-commerce is a gamechanger for Indian MSMEs
The e-commerce market in India is anticipated to reach $84 billion in 2021 owing to unprecedented and ever-growing internet users in India. Raghunandan Saraf, Founder & CEO, Saraf Furniture, believes that e-commerce is a catalyst for MSME sector growth.Read more
Government extends Credit Guarantee Scheme for Subordinate Debt till Sept 30
This move is aimed at keeping avenues of assistance open to the stressed MSME units. Read more
PMFME Scheme aims to build two lakh micro food processing enterprises
This scheme aims to provide financial, technical and business assistance for upgradation of existing micro food processing enterprises.Read more
HDFC Bank grows by 30 per cent on MSME lending
A major part of this success can be attributed to the MSME books and has been supporting this vital part of the economy during the pandemic.Read more
APEDA and NSIC MoU to harness MSME export potential
The MoU also envisages ensuring sustainability and growth of MSMEs by addressing issues such as technology, skill, quality products and market access. Read more