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GOI launches E-platform to connect exporters, MSMEs with stakeholders
The trade connect e-platform will offer valuable information on global trade events, the benefits of India's free trade agreements (FTAs), and other international trade data.Read more
SC decrees banks must follow procedure before classifying MSME loans as NPAs
The ruling was based on the 2015 notification by the Ministry of MSME, which established a framework for the revival and rehabilitation of MSMEs.Read more
Indian economy estimated to grow 7-7.2% in FY25: Deloitte
The Indian economy grew at 8.2% in the 2023-24 fiscal year.Read more
MoD and NSE ink agreement to push MSMEs and developing firms in defence sector
The Memorandum of Understanding (MoU) is designed to facilitate capital market access for MSMEs in the defence sector. Read more
Manoj Mittal appointed as Chairman and Managing Director of Sidbi
Mittal brings over 33 years of experience in the financial services sector to this role. Read more
Budget 2024 to boost India’s manufacturing industry
The Budget has strategically prioritised the manufacturing sector along with the infrastructure, employment and skilling development. Read more
India's manufacturing jobs rose by 200% from 2022-2024
The services sector including IT and non-IT industries, still remains the largest job creator in India. Read more
SIDBI to create $1 billion green financing fund with $215 million aid from GCF
The GCF, an entity established by the United Nations Framework Convention on Climate Change (UNFCCC), approved a $200 million loan and a $15.6 million grant for capacity building to support SIDBI’s initiative.Read more
49,000 MSMEs shut down in 10 years rendering 300,000 people jobless
According to the Ministry of Labour and Employment, the estimated unemployment rate for people aged 15 years and above was 4.2% in 2020-21, 4.1% in 2021-22, and 3.2% in 2022-23.Read more
Government to develop parks and dormitories near manufacturing clusters
Twelve industrial parks under the National Industrial Corridor Development Programme will also be sanctioned, with significant progress already in Uttar Pradesh and Tamil Nadu. Read more