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MSMEs

We are open to idea of alternate financing models for MSMEs: Piyush Goyal

We are open to idea of alternate financing models for MSMEs: Piyush Goyal

Thu, Dec 05, 2024

Commerce and Industry Minister Piyush Goyal on Thursday urged the industry to share specific issues they are facing in accessing bank credit and suggested that the government is open to exploring alternate financing models for MSMEs.

Indian MSMEs create about 10 crore jobs in 15 months

Indian MSMEs create about 10 crore jobs in 15 months

Thu, Nov 21, 2024

The total number of new jobs created by micro, small and medium enterprises (MSMEs) in the country has gone up by close to 10 crore in the last 15 months, official data recorded on the government's Udyam portal showed.

Budget 2024: Double PM Mudra loan threshold of Rs 20 lakh a reality now

Budget 2024: Double PM Mudra loan threshold of Rs 20 lakh a reality now

Fri, Oct 25, 2024

A limit applicable to loans for SMEs under the 'Tarun' category of the PM Mudra scheme has been doubled to Rs 20 lakh. The decision was announced by the finance minister in her Union Budget 2024 speech on July 23. Under Pradhan Mantri Mudra Yojana, the higher limit of Rs 20 lakh under the Tarun Plus category will be provided to entrepreneurs who have already serviced their loans under the Tarun category earlier, according to a Ministry of Finance notification. Here are 10 things to know about this big development.

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Budget 2024: 3 Cr new houses announced under PM Awas Yojana in the budget, loans up to ₹ 100 Cr will be available from MSME Guarantee Scheme.

Budget 2024: 3 Cr new houses announced under PM Awas Yojana in the budget, loans up to ₹ 100 Cr will be available from MSME Guarantee Scheme.

Tue, Jul 23, 2024

Budget speech of Finance Minister Nirmala Sitharaman. Announcement of 3 Cr new houses under PM Awas Yojana. Approval of ₹2.66 Lk Cr for rural development, infra. Announcement of financing, regulatory changes to help MSMEs. Announcement of credit guarantee scheme for MSMEs in manufacturing. Loans up to ₹100 Cr will be available under MSME Guarantee Scheme. SIDBI will increase branches to help MSMEs.

Indian MSMEs to create 2 lakh new jobs by 2025 industry expected to generate over two lakhs new jobs

Indian MSMEs to create 2 lakh new jobs by 2025 industry expected to generate over two lakhs new jobs

Thu, Jun 27, 2024

The new job opportunities will span across the services sectors and manufacturing sectors, both across urban and rural India, according to the report by LB Services, a global technology and digital talent solutions provider.

Maharashtra retains top spot for FDI inflows in India

Maharashtra retains top spot for FDI inflows in India

Thu, Jun 27, 2024

Maharashtra remains at the forefront for Foreign Direct Investment (FDI) inflows in India, securing its position despite competition from other states, as highlighted in the State Economic Survey 2023-24 presented by Deputy Chief Minister Ajit Pawar.

MSME lending platform Vistaar Finance raises $25 million from DFC

MSME lending platform Vistaar Finance raises $25 million from DFC

Wed, Jun 05, 2024

The recent loan from DFC comes in line with a primary equity infusion, which closed in mid-2023, amounting to about $36 million from Warburg Pincus, a leading global private equity firm focused on growth.

SME Express: How to increase the role of women in manufacturing?

SME Express: How to increase the role of women in manufacturing?

Wed, May 22, 2024

How to increase the role of women in manufacturing? How should entrepreneurs make strategies in the digital era? Increasing opportunities for women in e-commerce? How to capitalize on the e-commerce opportunity? See...'SME Express'

SIDBI to launch app-based 'invoice financing' loans platform 'GST Sahay' for MSMEs: CGM

SIDBI to launch app-based 'invoice financing' loans platform 'GST Sahay' for MSMEs: CGM

Thu, Sep 28, 2023

With an aim to enhance the economic and financial sustainability of micro, small and medium enterprises (MSME), the Small Industries Development Bank of India (SIDBI) is in the process of launching an app-based 'invoice financing' loans platform 'GST Sahay', an official said.

MSME National Summit Season 3: Foresight of the MSME industry

MSME National Summit Season 3: Foresight of the MSME industry

Wed, Aug 16, 2023

The third season of the MSME National Summit is dedicated to brainstorming a host of themes focused on emerging growth opportunities for the promising MSME space.

Planning to launch a startup? Expert cites reasons why feasibility study is a must

Planning to launch a startup? Expert cites reasons why feasibility study is a must

Thu, Oct 27, 2022

One of the steps that are critical in building truly successful businesses is to outline a detailed & comprehensive roadmap.

Engineering sector MSMEs seek production linked incentive scheme

Engineering sector MSMEs seek production linked incentive scheme

Mon, Sep 26, 2022

Exports of hand tools industry is about Rs 3,200 crore annually.

36% online MSME sellers plan to launch new products before festive season: Survey

36% online MSME sellers plan to launch new products before festive season: Survey

Tue, Sep 20, 2022

The survey found that small businesses have a set of robust parameters beyond sales and profits in order to gauge the success of their festive season sales.

Various IT rules and regulations MSMEs, Startups should know

Various IT rules and regulations MSMEs, Startups should know

Mon, Aug 01, 2022

Raj Das, global co-founder and CEO of Hirect India, said that if the developments seen in 2021 are an indicator of the future, Indian start-ups and MSMEs seem to be progressing on the right track.

Furniture startup PritiHome to launch its offline stores different cities - Expansion plan details

Furniture startup PritiHome to launch its offline stores different cities - Expansion plan details

Mon, Jul 18, 2022

"The company is all set to open its first store in Jodhpur in the coming month."

MSMEs credit demand exceeded pre-pandemic levels in these two cities, reveals NeoGrowth MSME Insight Report 2022

MSMEs credit demand exceeded pre-pandemic levels in these two cities, reveals NeoGrowth MSME Insight Report 2022

Mon, Jun 13, 2022

MSMEs have been able to bounce back stronger post-pandemic with timely support, reveals the MSME Insight Report 2022 –Rising In The Face of Adversity.

Fish and meat distribution startup FreshR raises $1.2 million in latest funding round

Fish and meat distribution startup FreshR raises $1.2 million in latest funding round

Thu, Jun 09, 2022

FreshR had earlier raised a pre-seed round from Villgro, Upaya Social Ventures, Beyond Capital Fund, and other early stage funders.

WoodenStreet raises USD 30 million, says largest funding raised by any vertical furniture player for 2022 in India

WoodenStreet raises USD 30 million, says largest funding raised by any vertical furniture player for 2022 in India

Wed, Apr 27, 2022

"So far, it is the largest funding raised by any vertical furniture player for the year 2022 in India," the Jaipur-based startup said.

India Post Payments Bank's 'Fincluvation': Explained - What it is and why it's a boost for fintech startup community

India Post Payments Bank's 'Fincluvation': Explained - What it is and why it's a boost for fintech startup community

Fri, Apr 22, 2022

“Fincluvation is a step in this direction, an Industry first initiative to create a powerful platform to mobilize the start-up community towards building meaningful financial products aimed at financial inclusion."

How textile MSMEs in India are creating jobs and employment opportunities, decodes expert

How textile MSMEs in India are creating jobs and employment opportunities, decodes expert

Wed, Apr 20, 2022

“Textile ministry along with the finance minister in the Union budget announced several schemes and programmes to support and strengthen the industry."

Wealth Guide: Is your MSME ready for private equity, venture capital? What it would take to attract private money - Expert decodes

Wealth Guide: Is your MSME ready for private equity, venture capital? What it would take to attract private money - Expert decodes

Fri, Apr 08, 2022

"Without any predetermined rate of interest, private investments are the most expensive form of capital for a business."

BSE, Federal Bank join hands to promote listing of SMEs, Startups

BSE, Federal Bank join hands to promote listing of SMEs, Startups

Wed, Mar 23, 2022

The Bank and BSE shall evaluate SMEs and Startups undergoing listing process, an official statement said.

Furniture brand WoodenStreet launches experience stores in Mumbai

Wed, Mar 16, 2022

The brand has invested $500,000 in these stores, covering the carpet area of 3000 sq. ft. combined, making its presence 5 stores strong in Mumbai, says company.

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