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Amazon pledges enabling USD 80 billion exports from India by 2030; partners DPIIT

Amazon pledges enabling USD 80 billion exports from India by 2030; partners DPIIT

Tue, Dec 10, 2024

E-commerce giant Amazon on Tuesday announced its commitment to enable USD 80 billion in cumulative exports from India by 2030 and said it has partnered with DPIIT to establish India as a global manufacturing hub.

DFC of US comits $40 million loans to UGRO Capital for MSME funding

DFC of US comits $40 million loans to UGRO Capital for MSME funding

Wed, Oct 16, 2024

This investment marks a critical step in UGRO Capital's journey to empower small businesses at the grassroots level and deepen financial inclusion across the country, the NBFC focused on MSME lending said in a statement on Wednesday.

5 crore MSMEs registered, aim to ramp up credit guarantees by another Rs 5 lakh crore: Centre

5 crore MSMEs registered, aim to ramp up credit guarantees by another Rs 5 lakh crore: Centre

Tue, Sep 10, 2024

According to Dr Rajneesh, additional secretary and development commissioner, Ministry of MSME, several MSMEs needed to register with the government, and it was estimated that there were around 6.5-7 crore MSMEs in the economy and only 1.65 crore MSMEs were registered till last year with the government.

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SME Express: Post-Budget Trends in the MSME Sector: Impact on Tirupur and Ludhiana?

SME Express: Post-Budget Trends in the MSME Sector: Impact on Tirupur and Ludhiana?

Wed, Aug 07, 2024

Changing trends in MSME sector after the budget? What will be the impact of the budget in Tirupur-Ludhiana? How much support from Credit Guarantee Scheme? Will expansion of SIDBI be helpful? Will there be changes from skilling ecosystem? What are the possibilities for entrepreneurs from e-commerce? Discussion with industry on MSME sector. See...'SME Express'

SME Express: MSME Sector Gains from Budget: Expert Discussion on Credit Guarantee Scheme

SME Express: MSME Sector Gains from Budget: Expert Discussion on Credit Guarantee Scheme

Wed, Jul 31, 2024

Is MSME sector happy with the budget? How much support from Credit Guarantee Scheme? Will there be an impact of change in turnover on TReDS? Will expansion of SIDBI open up possibilities? Expert discussion on budget announcement.. watch...'SME Express'

Bank of Maharashtra's net profit surges to Rs 1,293 crore in Q1 FY 25

Bank of Maharashtra's net profit surges to Rs 1,293 crore in Q1 FY 25

Mon, Jul 15, 2024

This expansion was largely driven by a 9.43 per cent rise in total deposits, which amounted to Rs 2,67,416 crore, and an 18.99 per cent boost in gross advances, reaching Rs 2,09,031 crore.

SME Express :How should MSMEs prepare for the new era? How can SMEs connect with equity culture?

SME Express :How should MSMEs prepare for the new era? How can SMEs connect with equity culture?

Wed, Jul 03, 2024

How should MSMEs prepare for the new era? What kind of confusion on section 43B(h)? How can SMEs connect with equity culture? What are the benefits of Udyam registration? Changing business with TReDS? What is the view of experts on ESG? See...'SME Express'

Indian MSMEs to create 2 lakh new jobs by 2025: Report

Indian MSMEs to create 2 lakh new jobs by 2025: Report

Thu, Jun 27, 2024

The Indian micro, small and medium enterprises (MSME) sector employs about 1.2 crore people, and by 2025, the industry is expected to generate over two lakhs new jobs, a report showed.

SME Express: What Does Digital Lending Mean for MSMEs? Why is Green Growth Essential for MSMEs?

SME Express: What Does Digital Lending Mean for MSMEs? Why is Green Growth Essential for MSMEs?

Wed, Jun 26, 2024

How should MSMEs prepare for the new era? What is the meaning of digital lending? How to get support on working capital? Why is green growth important for MSMEs? What should be the strategy on future ready workforce? Know the mantras of growth amidst challenges! See...'SME Express'

SME एक्सप्रेस: Expectations of the MSME Industry from Modi 3.0

SME एक्सप्रेस: Expectations of the MSME Industry from Modi 3.0

Wed, Jun 19, 2024

MSME industry's expectations from Modi 3.0. What should be the roadmap for the development of MSME sector? How to encourage green growth? How much stronger are MSMEs than ONDC? Expert discussion on SMEs sector..watch...'SME Express'

Centre plans overhaul of PLI schemes to boost MSME sector

Centre plans overhaul of PLI schemes to boost MSME sector

Wed, Jun 19, 2024

New sectors such as toys, furniture, and apparel will soon be included under the PLI scheme due to their significant job creation potential. Additionally, the government may broaden the PLI scheme for man-made fiber (MMF) and technical textiles to incorporate certain cotton-based apparel, with announcements expected in the forthcoming budget.

SME एक्सप्रेस: Exploring Trends in Handicraft Industry, How Prepared MSMEs in Evolving Landscape?

SME एक्सप्रेस: Exploring Trends in Handicraft Industry, How Prepared MSMEs in Evolving Landscape?

Wed, May 08, 2024

How prepared are MSMEs in the changing times? How are the trends of handicraft industry? How easy has local to global become? Where are the new opportunities in the export market? How to increase participation in the global value chain? What should be the coordination between art-skill-technology? Change in business due to e-commerce? What is the industry's view on ODOP? See...'SME Express'

Rule on timely payment to MSMEs comes into force from Monday

Rule on timely payment to MSMEs comes into force from Monday

Sun, Mar 31, 2024

According to Section 43B(h) of the Income Tax Act, introduced through Finance Act 2023, if a larger company does not pay an MSME on time -- within 45 days in case of written agreements -- it cannot deduct that expense from its taxable income, leading to potentially higher taxes.

DGFT inks pact with DHL to train MSMEs on e-commerce exports

DGFT inks pact with DHL to train MSMEs on e-commerce exports

Thu, Mar 14, 2024

The DGFT has been actively engaging to boost e-commerce exports from the country, leveraging its 'District as Export Hubs' initiative.

Centre issues quality control order for rubber gaskets used in pressure cookers

Centre issues quality control order for rubber gaskets used in pressure cookers

Wed, Dec 20, 2023

The Department for Promotion of Industry and Internal Trade (DPIIT) said the Rubber Gaskets for Pressure Cookers (Quality Control) Order, 2023 will come into force in six months for businesses other than Micro, Small and Medium Enterprises (MSMEs).

Udyog Aadhaar: What is Udyog Aadhaar? Why is it useful for MSMEs?

Udyog Aadhaar: What is Udyog Aadhaar? Why is it useful for MSMEs?

Tue, Oct 03, 2023

Udyog Aadhaar registration was launched in September 2015 for MSMEs. Later, the Central government updated the Udyog Aadhaar to Udyam Registration. So far, the total registration stands at 2.81 crore, which also includes the migration of MSMEs registered under Udyog Aadhaar Memorandum (EAM).

RBI reviews flow of credit to MSME sector

RBI reviews flow of credit to MSME sector

Sat, Sep 30, 2023

The RBI's Standing Advisory Committee (SAC) reviewed the flow of credit to Micro, Small and Medium Enterprises on Friday at its meeting held in Lucknow, a central bank said in a release.

G20 declaration should spur government to give big push to MSMEs: Experts

G20 declaration should spur government to give big push to MSMEs: Experts

Sun, Sep 24, 2023

The New Delhi Declaration adopted early this month said the G20 recognise that startups and Micro, Small and Medium Enterprises (MSMEs) are natural engines of growth.

MSME Loan: Eligibility, documents required, loan amount, interest rate and other key details

MSME Loan: Eligibility, documents required, loan amount, interest rate and other key details

Sat, Sep 16, 2023

An MSME loan can be beneficial for a business in case it's facing liquidity issues and needs funds for day-to-day operations or expansion plans.

Aditya Birla Finance launches Udyog Plus for MSMEs, offers paperless loans of up to Rs 10 lakh loan

Aditya Birla Finance launches Udyog Plus for MSMEs, offers paperless loans of up to Rs 10 lakh loan

Thu, Aug 24, 2023

The MSME sector played a pivotal role in driving Delhi NCR’s economy by achieving economic growth of 9.8 per cent in the fiscal year 2023 and employing more than two million people.

National e-commerce policy in final stages; to be presented before top-level: official

National e-commerce policy in final stages; to be presented before top-level: official

Sun, Aug 20, 2023

On data localisation, the official said that the e-commerce companies would have to follow the law of the land.

What is RBI's Public Tech Credit Platform? How is it useful in MSME, Kisan Credit Card loans?

What is RBI's Public Tech Credit Platform? How is it useful in MSME, Kisan Credit Card loans?

Fri, Aug 18, 2023

The newly launched Public Tech Credit platform will help in seamless disbursal of non-collateral based loans for Micro, Small and Medium Enterprises (MSMEs), Kisan Credit Card loans up to Rs 1.6 lakh, dairy loans, personal loans, and home loans.

NBFCs' role in Tier-2 and Tier-3 cities for women entrepreneurs

NBFCs' role in Tier-2 and Tier-3 cities for women entrepreneurs

Wed, Aug 16, 2023

With Tier 2 and Tier 3 cities making up around a big component of the MSME sector, it is crucial that women entrepreneurs in these cities receive a boost so that the sector itself can flourish. The main aim of an NBFC is to generate funds while mitigating risks. NBFCs can bridge the gap in providing funds to small businesses where bank loans are not available.

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