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MSME Desk

Over 300 new steel units including MSMEs set up in last 5 years: Govt
Over 300 new steel units including MSMEs set up in last 5 years: Govt

With 68 new steel units, Gujarat topped the tally for the highest number of units set up since 2017.

By MSME Desk
January 7, 2025 14:36 IST
Delayed payments: Unpaid MSME dues near Rs 50,000 crore
Delayed payments: Unpaid MSME dues near Rs 50,000 crore

As of January 6, 2025, 2.18 lakh delayed payment applications have been filed by MSEs since the launch of the…

By MSME Desk
January 6, 2025 10:21 IST
'Didn't find too many cases': Piyush Goyal on startups that lost unicorn status
‘Didn’t find too many cases’: Piyush Goyal on startups that lost unicorn status

The minister stated that there weren’t too many cases of startups being marked down from their $1 billion or above…

By MSME Desk
January 3, 2025 17:59 IST
Bank credit to MSMEs 15% of non-food credit in November: RBI data
Bank credit to MSMEs 15% of non-food credit: RBI data

Credit deployed to MSMEs in November was 15.5 per cent of Rs 170 lakh crore in non-food credit of scheduled…

By MSME Desk
January 3, 2025 16:18 IST
Budget 2025: Urgent need for dedicated refinance window for NBFCs, says FIDC
Budget 2025: Urgent need for dedicated refinance window for NBFCs, says FIDC

The council also called for doing away with the need for NBFCs to register as NBFC-Factor to undertake factoring services…

By MSME Desk
January 3, 2025 13:12 IST
Economic backbone tested: The year that was for Indian MSMEs
Economic backbone tested: The year that was for Indian MSMEs

While strides were made in areas like job creation and enterprise formalization, inflationary pressures and access to credit remained key…

By MSME Desk
December 31, 2024 15:46 IST
MSMEs in 2024: Key policy announcements that shaped the sector
MSMEs in 2024: Key policy announcements that shaped the sector

The MSME sector witnessed significant developments in 2024 to address delayed payments, enhance support, and boost entrepreneurship. Despite significant government…

By MSME Desk
December 30, 2024 19:27 IST
bank holidays, banking sector, banks, RBI, holiday list, banking services
How much loan RBI’s UPI-like lending platform has disbursed in its pilot?

The ULI (earlier called Public Tech Platform for Frictionless Credit) is a digital public infrastructure in the lending space, which…

By MSME Desk
December 30, 2024 14:27 IST
'Blinkit, Swiggy Instamart, Zepto misusing FDI': CAIT urges govt for strict monitoring of quick commerce firms
‘Blinkit, Swiggy Instamart, Zepto misusing FDI’: CAIT urges govt for strict monitoring of quick commerce firms

Seeking immediate steps to ensure quick commerce businesses “comply with laws and regulations”, the confederation in a letter to Goyal…

By MSME Desk
December 30, 2024 12:04 IST
Early-stage investor Enlighten Angel Fund launches Rs 200 crore startup fund
Early-stage investor Enlighten Angel Fund launches Rs 200 crore startup fund

The fund also announced that it has received SEBI approval to operate as an Alternate Investment Fund (AIF) and will focus on early-stage…

By MSME Desk
December 27, 2024 13:25 IST
India's biotech startup count jumped to 9,000 in 10 years: Jitendra Singh
India’s biotech startup count jumped to 9,000 in 10 years: Jitendra Singh

Addressing the FE Green Sarathi summit, the Science and Technology Minister said India’s bioeconomy has seen remarkable growth, growing from…

By MSME Desk
December 20, 2024 14:45 IST
PMEGP scheme enables nearly 10 lakh micro units, over 80 lakh jobs: Govt data
PMEGP scheme enables nearly 10 lakh micro units, over 80 lakh jobs: Govt data

In the current fiscal, as of December 12, 28,496 units were established with an estimated 2.28 lakh employment.

By MSME Desk
December 19, 2024 16:40 IST
Financing platform Velocity launches Rs 200 crore fund for restaurants, cloud kitchens
Financing platform Velocity launches Rs 200 crore fund for restaurants, cloud kitchens

Velocity offers cash-flow based financing for restaurants and cloud kitchens to manage capital expenditure, working capital, open new outlets, purchase…

By MSME Desk
December 19, 2024 14:57 IST
CGTMSE: Govt's collateral-free MSME loan scheme hits 1 crore guarantees
CGTMSE: Govt’s collateral-free MSME loan scheme hits 1 crore guarantees

The fund, launched in 2000, enables collateral-free loans up to a limit of Rs 5 crore to MSEs with guarantee…

By MSME Desk
December 18, 2024 12:34 IST
Retail tech startup Bizom raises $12 million from Pavestone, IndiaMART, others
Retail tech startup Bizom raises $12M from Pavestone, IndiaMART, others

The startup said it serves over 600 retail brands from industries such as CPG, dairy, and FMCG and 6 lakh…

By MSME Desk
December 18, 2024 11:22 IST
35% GST on aerated beverages to hurt distributors, kiranas, says AICPDF; urges govt to reconsider hike
35% GST on aerated beverages to hurt distributors, kiranas, says AICPDF; urges govt to reconsider hike

Seeking a lower GST rate on aerated beverages to align them with other foods and beverages categories, the association said…

By MSME Desk
December 17, 2024 19:05 IST
Over Rs 21,000 crore invested in startups under Startup India's schemes: Commerce Ministry
Over Rs 21,000 crore invested in startups so far under Startup India’s schemes: Commerce Ministry

The flagship schemes under the Startup India programme viz., Fund of Funds for Startups (FFS), Startup India Seed Fund Scheme…

By MSME Desk
December 17, 2024 16:14 IST
Proposed Digital Competition Bill likely to hurt MSMEs and startups: Survey
Proposed Digital Competition Bill likely to hurt MSMEs and startups: Survey

The draft bill, which was released in March this year, with provisions such as restrictions on tailored ad placements and…

By MSME Desk
December 16, 2024 19:06 IST
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Kylian Mbappe pays tribute to Didier Deschamps in his last match as France coach. France vs England 3rd place playoff at FIFA World Cup 2026.

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