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MSME Desk

ram mandir, ram temple, cait, traders body, pm modi, narendra modi, yogi adityanath, ayodhya airport, ayodhya railway station, consecration of ram lalla idol, ayodhya trade
Ram Temple consecration likely to generate Rs 50,000 crore trade in January: CAIT

According to CAIT, large quantities of special cloth garlands, lockets, key chains, pictures of Ram Darbar, models of Ram temple,…

By MSME Desk
December 28, 2023 14:02 IST
lighthouse canton, world bank, msme credit gap, developing economies, low income countries, g20 india, msme loans, digital public infrastructure, dpi, data exchange, digital payments
50% of MSME credit gap in low, middle-income nations can be closed by digital public infra: Report

The report, showcasing the outcomes and prospects following the 2023 G20 summit under India’s presidency, noted that the use of…

By MSME Desk
December 28, 2023 13:19 IST
Entitled solutions, HDFC Capital, LetsVenture, Sotheby’s, Apollo Global Management, sis security, startup funding
Entitled Solutions, startup for blue-collar workers, raises $1.3 million from security firm SIS

Founded in 2020, Entitled had earlier raised capital from HDFC Capital, LetsVenture, Sotheby’s and angels including Nipun Sahni (Partner, Apollo…

By MSME Desk
December 27, 2023 15:35 IST
gst, goods and services tax, deloitte, e-invoice, business cost, invoice financing, itc, e-invoice, economic survey, ecommerce
Recap 2023: GST-related key developments that mattered for MSMEs

Here’s a quick recap of the year that was for small businesses that have been resilient and persistent to survive…

By MSME Desk
December 27, 2023 12:43 IST
incred, lending, msme, consumer loans, student loans, zepto, grocery, Ranjan Pai, Ravi Pillai, RP Group of Companies, Ram Nayak, Deutsche Bank, digital lending, unicorn, startups
InCred Finance valued at $1.04 billion following $60M funding; becomes 2nd unicorn of 2023

The non-banking financial company (NBFC) is the second company (after 10-min grocery delivery startup Zepto) to gain unicorn status this…

By MSME Desk
December 25, 2023 16:21 IST
zed scheme, zero defect zero effect, sustainable manufacturing, green manufacturing, waste management, msme ministry, bhanu pratap singh verma, gold certification, zed certified msmes
ZED scheme: Financial support extended to MSMEs crosses Rs 100 crore

Any number of units registered under one Udyam registration can apply for subsidy under the scheme and each unit can…

By MSME Desk
December 25, 2023 15:19 IST
msme form I, msme return form, msme suppliers, delayed payments, msme ministry, small businesses, section 8, companies act, samadhaan portal
What is MSME-1 form to tackle delayed payments challenge? All you need to know

In order to track dues outstanding by companies and address the late payment issue faced by MSMEs, the government in…

By MSME Desk
December 22, 2023 18:38 IST
public procurement, gem, purchases from msmes, reserved items for procurement from MSMEs, nirmala sitharaman, women msmes, sct-st msmes, gem, msme sambandh
CPSEs made 34.63% procurement from MSMEs in FY24 against mandated 25%: FM Nirmala Sitharaman

Under the public procurement norms, CPSEs are mandated to procure 25 per cent of their annual purchases from micro and…

By MSME Desk
December 22, 2023 11:34 IST
vishwakarma scheme, artisans, craftspeople, narendra modi, bhanu pratap singh verma, fishing net maker, tailor (darzi), washerman (dhobi), garland maker (malakaar), barber (nai), doll and toy maker (traditional), basket/ mat/ broom maker/ coir weaver, mason (rajmistri), cobbler (charmkar/shoesmith/footwear artisan), sculptor (moortikar/stone carver), stone breaker, potter (kumhaar), goldsmith (sonar), locksmith, hammer and tool kit maker, blacksmith (lohar), armourer, boat maker, carpenter (suthar)
PM Vishwakarma scheme: Nearly 58,000 applications from artisans registered for benefits so far

At the time of filing this report, 37.68 lakh applications were received, of which 77,630 applicants have been registered for…

By MSME Desk
December 21, 2023 18:22 IST
narayan rane, msme ministry, ramp scheme, world bank, zed scheme, MSE GIFT Scheme, MSE SPICE Scheme, delayed payments, dispute resolution, green technology, women msmes, IPR
MSME Ministry launches 3 sub-schemes under RAMP programme; makes ZED scheme free for women

The ministry has also made its ZED scheme, which aims to promote manufacturing without any negative impact on the environment,…

By MSME Desk
December 20, 2023 19:14 IST
EnKash, fintech startups, Cashfree Payments, OPEN, Razorpay, payment aggregator, Reserve Bank of India, rbi, merchants
Fintech startup EnKash gets payment aggregator license from RBI

EnKash along with other fintech startups such as Cashfree Payments, OPEN, Razorpay and more were granted payment aggregator licenses on…

By MSME Desk
December 20, 2023 14:12 IST
money, loan
MSME lender U GRO Capital raises $30 million through NCDs from Dutch development bank FMO

Over the past five years, U GRO Capital said it has provided credit to more than 80,000 small businesses.

By MSME Desk
December 19, 2023 13:56 IST
BatX Energies, Lithium battery recycling, startup funding, Zephyr Peacock, lets venture, jito angel network, mankind pharma, blusmart, sustainable manufacturing, climate
Battery recycling startup BatX Energies raises $5M from Zephyr Peacock, LetsVenture, Mankind Pharma, others

Established in 2020 by Utkarsh Singh and Vikrant Singh, the startup ingeniously transforms used batteries into battery grade materials. It…

By MSME Desk
December 19, 2023 13:18 IST
bhanu pratap singh verma, msme ministry, cyber attacks, digital fraud, online fraud, ransomware, spyware, online virus, rajya sabha, parliament, CYFIRMA, nordlocker
No data on cyberattacks against MSMEs and those going out of business due to attacks in 5 years: MoS MSME

Minister of State in the MSME Ministry Bhanu Pratap Singh Verma said in a written reply to a question in…

By MSME Desk
December 18, 2023 18:34 IST
space sector, jitendra singh, in-space, disaster management, satellites, constellations, science and technology ministry, space startups, skyroot aerospace, bellatrix, dhruva space
Over Rs 1,000 crore invested in space startups since April this fiscal: MoS Science Jitendra Singh

The number of space startups has gone up from just 1 in 2014 to 189 in 2023 as per DPIIT Start-Up India…

By MSME Desk
December 18, 2023 11:48 IST
El Niño, La Niña,monsoon onset, GDP, inflation, probability, normal rainfall, annual precipitation, agriculture, CPI inflation
Rs 50,000 crore Self-Reliant India fund: Equity investment in MSMEs nears Rs 6,500 crore

The government had announced the fund in May 2020 with a 15-year tenure under the Atmanirbhar Bharat package for equity…

By MSME Desk
December 15, 2023 18:09 IST
alternative investment firm, Investcorp, canpac trends, investment, paper packaging, packaging industry, jm financial india, fashion & retail, food and food services, FMCG, industrial products, flexible packaging, pet, invest india
Investcorp leads Rs 340 cr funding in packaging firm Canpac Trends; JM Financial India Fund II to exit partially

The investment will be used to expand the company’s production footprint to all major manufacturing hubs of the country and…

By MSME Desk
December 15, 2023 12:46 IST
exports, merchandise exports, services exports, bhanu pratap singh verma, msme related products, trade, goods, ITC-HS codes, DGFT
MSMEs contributed 45% to India’s exports as of September: Govt data

The share of export of MSME-specified products in all India exports has been declining year-on-year even as the country’s overall…

By MSME Desk
December 12, 2023 10:00 IST
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