Page 5 of MSME Policy

MSME experts voice gaps left in budget 2024

MSME experts highlight gaps left in Budget 2024

The MSME ecosystem collectively hailed the measures announced in the budget including a Rs 100 crore Credit Guarantee Scheme for manufacturing…

July 24, 2024 18:32 IST

Budget 2024 for MSMEs: New credit scheme, reduced TReDS turnover threshold, enhanced Mudra loan limit, more

The minister enhanced the limit for loans under the government’s Mudra scheme to Rs 20 lakh from Rs 10 lakh…

July 23, 2024 12:34 IST

Export share of MSME-related products recovers in FY24 after three years of decline: Govt data

For the uninitiated, the former MSME Minister Nitin Gadkari in 2020 had set a target of increasing MSMEs’ share in exports…

July 23, 2024 12:05 IST

Economic Survey 2024 calls for deregulating MSME sector; suggests measures for credit access, growth

“Licensing, inspection, and compliance requirements that MSMEs have to deal with, imposed particularly by sub-national governments, hold them back from…

July 22, 2024 16:08 IST

How Union Budget 2024 can boost India’s fintech superpower

Access to financial services stimulates investments, reduces economic vulnerabilities, and supports employment. However, many MSMEs and households in emerging metros…

July 21, 2024 12:44 IST

‘Viksit Bharat vision hinges on economic growth with inclusive development, digital penetration, social welfare’

The recent trends on India’s fiscal health remain favourable offering a promising outlook for the country’s economic stability and growth…

July 21, 2024 11:22 IST

Govt revises delayed payment form for buyers to furnish additional information on pending MSME dues; check details

The buyers are required to file the MSME form 1 by October 31 for the April to September period and…

July 17, 2024 12:23 IST

Budget 2024: What MSME experts want from first full budget of Modi 3.0 govt

Experts are optimistic that the Budget 2024 will have measures around logistic infrastructure, streamlined GST processes, workforce upskilling, and more.

July 16, 2024 15:18 IST

nirmala sitharman, budget 2024, union budget 2024, finance minister, narendra modi, modi 3.0, delayed payments, section 43b, income tax act, funding, credit, wtc mumbai, clix capital, aavishkaar capital hdfc bank

Budget 2024: Credit, skilling, 45-day payment rule, NPA norms among key asks from MSME sector

The budget, to be presented on July 23 by Finance Minister Nirmala Sitharaman, is expected to address the issue of…

July 12, 2024 18:15 IST

MSME 45-day payment rule, delayed payment to MSMEs, MSME buyers, MSME suppliers, Nirmala Sitharaman, Section 43B, Income tax act, budget 2024, finance act, gross domestic product, GDP, exports, Udyam registration, goods and services

Govt may ease requirement for large buyers to pay MSMEs within 45 days in Budget: Report

MSMEs fear that due to this provision, large buyers could cold-shoulder MSME suppliers and start buying either from those MSMEs…

July 10, 2024 11:35 IST

Budget 2024: What govt can do more to address structural dwarfism of Indian MSMEs

A possible long-lasting and far-reaching policy could be to provide a zero-interest rate environment for MSMEs in India.

July 9, 2024 17:31 IST

Budget 2024: Bring job-centric PLI scheme for MSMEs, review SMA framework, says FISME

Other key recommendations from FISME included streamlining packing credit for export-oriented MSMEs, implementing insurance surety in place of bank guarantees,…

July 8, 2024 14:55 IST

Budget 2024: ‘Create new NBFC category serving priority sector, more specifically to MSMEs’

Given the changing business dynamics, monitoring the incipient risk of the MSMEs becomes imperative. The low risk and falling delinquency…

July 7, 2024 11:20 IST

MSME Day 2024: Govt launches Rs 277 cr scheme to help MSMEs get on ONDC; Yashasvini campaign for women-led units

The ministry said it expects 5 lakh MSEs to benefit from the scheme in three years, 50 per cent of…

June 27, 2024 16:02 IST

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Did you know? Indian MSMEs only 26% as productive as large companies: McKinsey report

The size of MSMEs matters in understanding their level of productivity relative to large enterprises in emerging economies including India.…

May 29, 2024 18:22 IST

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Public procurement: Purchase of MSME goods by govt hits new high in FY24

According to the procurement policy, CPSEs need to procure at least 25 per cent of their total procurement value from…

May 27, 2024 16:18 IST

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Red Sea crisis: Government must come to the rescue of MSME exporters

Since the security situation in the Red Sea has started getting worse, it has resulted in higher insurance rates and…

May 26, 2024 11:18 IST

$5 trillion economy, msmes, manufacturing, public private partnership, nbfc, credit, employment, jobs, grassroot level, china plus one, export, imf, godrej capital

How MSMEs are driving India’s $5 Trillion ascent in a shifting economic landscape

India’s thriving ecosystem of SMEs is a monumental force in the global economic landscape, contributing nearly a trillion dollars to…

May 19, 2024 12:25 IST

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Policy8 min ago

India’s forex reserves rose to $692.576 billion in November, with gold reserves increasing by $5.327 billion. This led to a jump of $5.543 billion from the previous week. Foreign currency assets also saw a slight increase, while the SDRs and reserve position with the IMF also grew. PMI data showed a decline in manufacturing and private sector growth in November.

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