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60 pharma firms enrol under Centre’s scheme to upgrade manufacturing facilities
The scheme gives preference to micro, small and medium enterprises (MSMEs), supporting smaller players achieve high standards.Read more
Focus on incremental reforms
According to a recent report of DSP Mutual Fund, the manufacturing sector's contribution to India's GDP is anticipated to rise from 14 per cent in FY24 to 21 per cent by FY34, bolstered by lower logistics costs and improved infrastructure. Read more
DBS Bank India & RXIL announce partnership for pre-shipment financing solution
This offering will be particularly relevant for MSMEs and SMEs across India, enabling them to enhance cash flows to fulfil orders even before goods are delivered to buyers.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
43% Indian MSMEs to increase digitalisation budget
Vi has launched an enhanced Digital Assessment Tool, both in English and Hindi as an extension of its dedicated MSME program.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
SBI projects MSME loans as key growth driver for next 5 years
SBI aims to enhance credit accessibility for small businesses by expanding availability through partner customer service points and QR codes at outdoor touchpoints in the coming months.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
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
Nonconventional routes to MSME financing
Despite playing a vital role in the economy, micro, small and medium enterprises (MSMEs) often struggle to access affordable financing necessary for their growth. In this article, Rakesh Rao explores some non-traditional routes to ease funding pressure on MSMEs.Read more