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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

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

Section 43B(h): Boon turning into bane

India is home to the world’s biggest micro, small and medium enterprises (MSMEs) community (more than 60 million) who contribute around 29.7 per cent of the country’s GDP. Read more

Why MSMEs want a review of Section 43B(h)?

Section 43B(h) of Income Tax Act - mandating payment to micro and small enterprises (MSEs) within 45 days of supply - was welcomed when announced in Budget 2023-24. However, MSEs are now facing a peculiar problem of losing orders from large firms because of it. Rakesh Rao explores more on this issue and the road ahead.Read more

India to build small arms manufacturing unit in Sri Lanka; defence collaboration

Sri Lanka could benefit from studying the Indian model and expressed interest in exploring Sri Lanka's own manufacturing capabilities in the defense sector, echoing the sentiment of drawing lessons from India's experience.Read more

Revolutionising financing for small and medium enterprises

Exclusion of many MSMEs from formal lending ecosystems often inhibits their growth. Trade Receivables electronic Discounting System (TReDS) can be an useful tool for MSMEs to address cash flow challenges, opines Sundeep Mohindru.Read more

Decoding the attempt of a liquidity boost to MSEs

Recently, certain amendments were introduced through the Finance Act 2023 (FA 2023) to enhance financial liquidity for Micro and Small Enterprises (MSE) by indirectly compelling their customers to pay their dues on time. This amendment comes up like a double-edged sword, opine Aishwarya Jaju and Rushabh Bhandari.Read more

Taurus and Jindal Defence JV starts small Arms Pilot production

Under the guidance of Taurus’ expert team from Brazil, the Indian facility has commenced the production of pilot batches of firearms in March 2024Read more

Odisha approves procurement policy to boost small manufacturing enterprises

This new policy aims to enhance the business activities of 'Odisha Small Manufacturing Enterprises' by favoring the procurement of their manufactured goods by State Government establishments.Read more

ONDC and Meta forge alliance to digitally upskill 500,000 small businesses

The Meta Small Business Academy provides entrepreneurs and marketers with a certification in digital marketing skills, specifically tailored to enhance their presence on Meta's applications.Read more

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