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MSMEs urged to leverage opportunities to grow into larger enterprises; IT Secretary

Benefiting from the AI revolution and improving productivity may also involve retrofitting existing manufacturing facilities.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

MSME bodies ask RBI to extend threshold period for SMA-2 stressed loan accounts

MSME borrowers cannot utilise existing credit lines to pay dues when their accounts are classified under the SMA category, hindering their recovery efforts.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

India’s MSME employment surpasses 200 million, spikes 66% in 1 year

Out of the total reported jobs, approximately 45.4 million were held by women employees.Read more

TDF schemes to encourage 'Aatmanirbharta' in public & private defence industries

So far, 77 projects have been sanctioned to various industries, with a commitment of over Rs 3 billion.Read more

MSMEs ask for Rs 50 billion export boost in Union Budget

The goal is to increase the number of active exporters and enable at least 300,000 to 400,000 first-time MSMEs to promote Indian products globally.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

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

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