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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
Decarbonising seven key MSME sectors could save Rs 370 million yearly
The study was conducted by the Centre for Study of Science, Technology and Policy (CSTEP).Read more
Interest subsidy scheme for exporters extended 2 months for MSME sector
The two-month continuation of the scheme for the MSME sector comes with an outlay cap of Rs 7.5 billion, while all other terms and conditions remain the same.Read more
Niti Aayog introduce plan to enhance MSME sector exports
The Indian government recently initiated the development of two defence industrial corridors, located in Uttar Pradesh and Tamil NaduRead more
G20 commits to boost MSME Sector: Eased regulations, access to capital
The New Delhi Declaration, adopted recently, recognises startups and Micro, Small, and Medium Enterprises (MSMEs) as natural drivers of growth, essential for driving innovation and employment.Read more
MSME’s vital role under spotlight at inaugural of Shipping & Logistics Conference
Mercy Epao, the Joint Secretary (SME) of MSME emphasised the significance of MSMEs, with over 6.35 crore enterprises in India, primarily constituting micro enterprises, which account for over 95% of the sector.Read more
Ramkrishna Forgings is one stop destination for all CV OEMs
Established in 1981, Ramkrishna Forgings Ltd is a manufacturer of supplier of open and closed die forgings of carbon and alloy steel, micro alloy steel and stainless-steel forgings.Read more
Business Environment Set for Growth
The share of manufacturing in India's GVA (Gross Value Added) has seen a gradual fall in the last one decade despite a surge in private consumption demandRead more
Razorpay acquires Bengaluru based TERA Finlabs to support MSME sector
Razorpay disclosed that the acquisition of TERA Finlabs is aligned with its strategy of financially supporting MSMEs by building competencies in capital solutions, credit underwriting and data-driven risk management.Read more
World Bank approves $500 million RAMP Program for MSME sector in India
The $500 million Raising and Accelerating Micro, Small and Medium Enterprise (MSME) Performance (RAMP) Program is the World Bank’s second intervention in this sector, the first being the $750 million MSME Emergency Response Program, approved in July 2020 Read more