Msme News - Latest Updates & Headlines
KVIC records Rs 1.7 lakh crore turnover in 2024-25, eyes Rs 2 lakh crore in 2025-26
New Delhi, April 21: In a milestone for India's rural economy, the Khadi and Village Industries Commission has achieved an unprecedented turnover of over Rs 1.7 lakh crore in the financial year 2024-25.
US 125% tariff on China could fuel India's exports by small firms made products: GTRI
New Delhi, April 16: The US crackdown, which has imposed 125 per cent import tariffs on China, has unexpectedly created a rare opportunity for India's small manufacturers, offering them a short-term export window, said the Global Trade Research Initiative (GTRI) on Wednesday.
NITI Aayog's $25 billion export plan to support domestic manufacturers in India: Suman Bery
New Delhi, April 15: The NITI Aayog’s $25 billion export roadmap to boost India's hand and power tools sector is not just about tapping global opportunities, but about creating the right conditions at home for Indian businesses to thrive, the government think tank's Vice Chairman Suman Bery said on Tuesday.
PM Modi's vision behind success of Mudra scheme for MSMEs: BJP's Syed Zafar Islam
New Delhi, April 12: On the occasion of the 10th anniversary of the Mudra scheme, BJP national spokesperson and former Rajya Sabha MP Syed Zafar Islam on Saturday hailed the economic vision of Prime Minister Narendra Modi that has transformed "job seekers" into "job givers".
After no to Centre's Vishwakarma Scheme, CM Stalin to launch KKT on April 18
Chennai, April 10: Tamil Nadu Chief Minister M.K. Stalin will launch the Kalaignar Kaivinai Thittam (KKT) -- Kalaignar Artisans Development Scheme -- on April 18 in Kancheepuram district's Kundrathur.
Bank of Baroda passes on RBI rate cut to retail and MSME customers
Mumbai, April 10: The government-owned Bank of Baroda on Thursday announced the immediate transmission of the Reserve Bank of India's (RBI) policy rate cut to its customers.
India and Slovakia plan deeper cooperation, new initiatives during President Murmu's landmark visit
Bratislava, April 9: President Droupadi Murmu on Wednesday held productive talks with Slovakia President Peter Pellegrini in Bratislava as both leaders reviewed various facets of India-Slovakia relations and agreed to work towards strengthening the bilateral partnership across diverse sectors.
Gujarat govt disburses Rs70,000 crore in loans in five years under PM Mudra Yojana
Gandhinagar, April 8: Between 2020-21 and 2024-25 financial years (up to November 2024), a total of Rs70,051 crore in loans has been disbursed under the Pradhan Mantri Mudra Yojana in Gujarat, said the State government in a press release.
37% of MSMEs plan capacity expansion, similar proportion eyeing further investments: SIDBI report
Mumbai, April 8: In a showcase to the improving conditions for Micro, Small, and Medium Enterprises (MSMEs), about 37 per cent of businesses are planning to expand their capacity during the current period, according to a SIDBI MSME Outlook Survey Edition-II.
You guided us like senior: Mudra scheme beneficiaries as PM Modi tells them 'small steps change lives'
New Delhi, April 8: In a special interaction to mark the 10th anniversary of the Mudra Yojana, Prime Minister Narendra Modi on Tuesday engaged with several beneficiaries from across India.
PMMY helping aspiring entrepreneurs in Varanasi in getting loans to start their businesses
Varanasi, April 7: The Pradhan Mantri Mudra Yojana (PMMY) is set to celebrate its tenth anniversary on April 8, having transformed the lives of countless individuals across the country, including many in Prime Minister Narendra Modi's parliamentary constituency, Varanasi. The scheme has been a beacon of hope for aspiring entrepreneurs, especially the youth, by providing easy access to credit for small businesses.
PM Mudra Yojana has empowered millions: DFS Secretary M. Nagaraju
New Delhi, April 7: As the Pradhan Mantri Mudra Yojana (PMMY) completes 10 years on April 8, M. Nagaraju, Secretary, Department of Financial Services (DFS) in the Union Finance Ministry, on Monday said that the scheme has touched a historic milestone of sanctioning over Rs 32.6 lakh crore through more than 52 crore loans.
PM Mudra Yojana crosses key milestone of 52 crore loans worth Rs 32.61 lakh crore to poor in 10 years
New Delhi, April 7: Over 52 crore loans worth Rs 32.61 lakh crore have been sanctioned under the PM Mudra Yojana as the scheme completes 10 years of its launch on April 8, 2015, according to official figures.
US tariffs: Piyush Goyal likely to meet exporters this week
New Delhi, April 6: Keeping the US reciprocal tariffs and its future impact on Indian businesses in mind, Union Commerce and Industry Minister, Piyush Goyal, is likely to meet exporters this week.
US tariffs a chance to boost 'Make in India', empower MSMEs: PHDCCI CEO
New Delhi, April 3: Amid concerns over the US reciprocal tariffs, Ranjit Mehta, CEO of the PHD Chamber of Commerce and Industry (PHDCCI), said on Thursday that this is an opportunity for India for high-quality production and global expansion under the 'Make in India' and 'Atmanirbhar Bharat' initiatives.
Madhya Pradesh is first state to clear all payments of industrial units: CM Mohan Yadav
Bhopal, April 1: Madhya Pradesh Chief Minister Mohan Yadav chaired a cabinet meeting at Mantralaya in the state capital Bhopal on Tuesday and informed the council of ministers about the priorities and activities of the state government.
India aims Rs 3 lakh cr in defence production by 2029 with Rs 50,000 cr in exports
New Delhi, March 29: The government on Saturday said it aims to achieve Rs 3 lakh crore in defence production by 2029, reinforcing the country’s position as a global defence manufacturing hub.
Food processing PLI: 171 firms approved, over 2.89 lakh jobs generated
New Delhi, March 29: A total of 171 food processing companies have been approved for assistance under the Production-Linked Incentive Scheme for Food Processing Industry (PLISFPI) and incentives worth Rs 1,155.296 crore has been disbursed, out of which Rs 13.266 crore has been disbursed to MSMEs in 20 eligible cases (as of February 28), the government has informed.
FLO calls for strengthening women entrepreneurs to boost India's economy
New Delhi March 28: FICCI Ladies Organisation (FLO), an apex body of businesswomen in the country, on Friday stressed the need to step up support and strengthen women entrepreneurs which will ultimately help boost the nation's economy.
Assam Minister Bimal Borah urges youth to take advantage of echo-system created by Advantage Assam 2.0
Guwahati, March 27: Assam Industry Minister Bimal Borah on Thursday urged the state's youth to take advantage of the echo system created by Advantage Assam 2.0.
MSMEs playing a key role towards 'Viksit Bharat' goal: Union Minister
New Delhi, March 27: The government is taking several steps to boost micro, small, and medium enterprises (MSMEs) and promote digitalisation at the grassroots level, Union Minister for MSMEs, Jitan Ram Manjhi, said on Thursday.
India, Uganda hold 3rd Joint Trade Committee meeting to boost ties
New Delhi, March 27: The Third Session of the India-Uganda Joint Trade Committee (JTC) took place in New Delhi on March 25-26, 2025, marking a renewed commitment to strengthening economic ties between the two nations after a 23-year gap, an official press release by the Ministry of Commerce and Industry stated.
IIM Jammu in collaboration with Niti Aayog organizes NITI States workshop
Jammu, March 26: The Indian Institute of Management (IIM) Jammu, in collaboration with NITI Aayog and the Government of Jammu and Kashmir, organized the NITI States Workshop on March 26 at its Jagti Campus.
MSMEs most affected by regulations; must address their challenges in clusters: NITI Aayog CEO
New Delhi, March 26: BVR Subrahmanyam, CEO, NITI Aayog on Wednesday noted that Micro, Small and Medium Enterprises (MSMEs) are most affected by regulations and MSMEs cannot exist in isolation and that their challenges must be tackled in clusters and groups.
MoD brainstorms with 50 MSMEs and start-ups to accelerate defence innovation
New Delhi, March 26: The Ministry of Defence (MoD) on Wednesday engaged with over 50 start-ups and Micro, Small, and Medium Enterprises (MSMEs) to understand key challenges, identify opportunities, and support innovation in the defence sector, said an official statement from the Ministry of Defence.
Govt aiming to formalise 9 crore MSMEs by 2029
New Delhi, March 26: With more than 6 crore MSMEs already registered under the Udyam and Udyam Assist (UA) portals, the government hopes to take the figure to 9 crore by 2029 as it is targeting to formalise all the MSMEs in the country, a senior official said on Wednesday.
Challenges faced by MSMEs must be addressed in clusters, not isolation: NITI Aayog CEO
New Delhi, March 26: BVR Subrahmanyam, CEO of NITI Aayog, on Wednesday said that MSMEs cannot exist in isolation and their challenges must be tackled in clusters and groups.
Revised RBI's priority sector lending norms to further boost economy: SBI report
New Delhi, March 26: The recent amendments in priority sector lending (PSL) guidelines by the Reserve Bank of India (RBI) should further help the economy grow faster and fine tune the building blocks of the factors of productions, mainly the MSMEs, agri and allied sectors, housing and exports, etc, a report by SBI Research said on Wednesday.
Lok Sabha takes up bill to ensure safety of boilers
New Delhi, March 25: Lok Sabha on Tuesday took up for consideration and passing the Boilers Bill, 2024 which emphasises Ease of Doing Business (EoDB) and seeks to benefit boiler users, including those in the MSME sector.
ONDC surpasses 200 mn transactions, last 100 mn in just 6 months
New Delhi, March 24: The Open Network for Digital Commerce (ONDC) on Monday said it has officially crossed the 200 million transaction mark, reaffirming its role as a game-changer in India's digital commerce landscape.
PLI schemes clock Rs 1.61 lakh crore in investment, generate 11.5 lakh jobs
New Delhi, March 22: The production-linked incentive (PLI) schemes have clocked Rs 1.61 lakh crore in investment, Rs 14 lakh crore in production and Rs 5.31 lakh crore in exports while creating 11.5 lakh jobs, the government said on Saturday.
PLI scheme for textiles being implemented nationwide: Ministry of Textiles
New Delhi, March 21: The government is implementing the Production Linked Incentive (PLI) Scheme for Textiles on a Pan India basis, including Odisha, said the Ministry of Textiles.
MSMEs to drive IT sector towards $450 billion services export target: Piyush Goyal
New Delhi, March 21: Led by MSMEs, the IT sector can achieve an ambitious $450 billion services export target in the next financial year, Union Minister of Commerce and Industry, Piyush Goyal, has emphasised.
MSMEs to get 60 pc credit guarantee on loans up to Rs 100 crore
New Delhi, March 18: : The Mutual Credit Guarantee Scheme for MSMEs has been launched for providing 60 per cent guarantee coverage by the National Credit Guarantee Trustee Company Limited (NCGTC) to Member Lending Institutions for credit facility up to Rs.100 crore sanctioned to eligible MSMEs for purchase of equipment and machinery, the Parliament was informed on Tuesday.
Government e-Marketplace surpasses Rs 5 lakh crore GMV in FY25
New Delhi, March 17: The Government e-Marketplace (GeM) has achieved a significant milestone by surpassing Rs 5 lakh crore in Gross Merchandise Value (GMV) on its portal more than 18 days before the close of the financial year 2024-25, the commerce ministry said in a statement Monday.
CCI doing great job in curbing abusive conduct of dominant enterprises: Minister
New Delhi, March 16: There is a need for real-time market monitoring and a collaborative approach to regulation while it is essential to enforce law beyond strict intervention by promoting self-regulation and compliance, Harsh Malhotra, Minister of State in the Ministry of Corporate Affairs (MCA), said on Sunday.
List on NSE to become billionaire, says CEO Ashishkumar Chauhan
Mumbai, March 15: Aspire to become a billionaire? List on the National Stock Exchange (NSE), says CEO Ashishkumar Chauhan.
Goa CM Sawant introduces new programs to develop state into entrepreneur hub
Panaji, March 13: Chief Minister Pramod Sawant on Thursday emphasised Goa's vision of becoming a leading entrepreneurship hub in the country through a series of innovative programs, said an official release.
Aim to equip young talents with skills for dynamic financial landscape: NSE CEO
Mumbai, March 12: We aim to nurture a knowledgeable ecosystem for corporates and investors and equip young talents with the skills needed in today’s dynamic financial landscape, National Stock Exchange (NSE) MD and CEO, Ashishkumar Chauhan, has said.
Bank credit to priority sectors jumped 85 pc to Rs 42.7 lakh crore in last 6 years: FM Sitharaman
New Delhi, March 11: The overall credit disbursement by banks to priority sectors including agriculture, MSME and social infrastructure in 2019 was Rs 23,01,567 crore, which rose to Rs 42,73,161 crore in 2024, recording an increase of 85 per cent over the six-year period, Finance Minister Nirmala Sitharaman informed the Lok Sabha on Tuesday.