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Inter-ministerial group to develop credit guarantee scheme for MSMEs
The MSME ministry will present the scheme to the Expenditure Finance Committee for approval following a series of consultations with stakeholders.Read more
Kladana launches Shop FloorWeb app for productivity enhancement
Kladana recently expanded its footprint in India and established an office in Mumbai to serve hundreds of SMEs that are already using its capabilities. Read more
India & US sign MoU to promote cooperation on Small & Medium Enterprises
It provides for the joint conduct of programmes for women entrepreneurs to empower them and facilitate trade partnerships between women-owned small businesses of the two countries.Read more
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