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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
FAME -II to focus on consumer aid than direct incentives to EV manufacturers
Launched in 2019 with an initial budget of Rs 100 billion, and later supplemented with an additional Rs 15 billion, the FAME II scheme aims to accelerate electric vehicle adoption in India. Read more
MSMEs' contribution to the GDP
As on 16.07.2024, the total employment reported by the MSMEs on the Udyam Registration Portal (since 01.07.2020 to 16.07.2024) is 203.9 million(including informal micro enterprises registered on Udyam Assist Platform).Read more
India to boost funding for energy efficient technologies for MSMEs
Some of these technologies could include automation and control systems for optimal resource utilisation and loss reduction, combustion control systems for boilers, pocket ventilation systems, air-dyeing technology, and methane capture technology, among others. Read more
The MoRD and MoMSME join hands to empower Lakhpati Didis through several schemes
The SoI will strengthen the partnership between the two ministries to support and elevate SHG Didis in entrepreneurship, leveraging MoMSME's flagship initiatives such as Yeshaswini- Apna Udyam, Apni Pehchaan, Udyam Assist, etc.Read more
MoD signs 4 bn pact for 3 testing facilities in TN Defence Industrial Corridor
The DTIS provides up to 75% government funding as ‘Grant-in-Aid’, with the remaining 25% funded by the Special Purpose Vehicle (SPVs), comprising Indian private entities and State/Central Governments.Read more
MSMEs are poised to play major role in India’s economic growth: Milind Barapatre
In this interaction with Rakesh Rao, Milind Barapatre, IEDS, Joint Director & Head of Office, MSME- Development & Facilitation Office (DFO), Mumbai, explains various pain-points of the industry and the role played by his organisation to facilitate the growth of MSMEsRead more
HAL receives light combat helicopter order; boosting ‘Make in India’
The revenue from operations increased 18.36% YoY to Rs 147.88 billion during the quarter. Read more
Assessing critical risks in workplaces
A critical risks safety audit identifies and evaluates situations posing significant risks of injury or harm to individuals and assets.Read more
DGFT asks export bodies for inputs on efficacy of interest equalisation scheme
The study is to help the department assess the key gaps and make necessary recommendations to ensure seamless facilitation of trade finance in India.Read more