MSME Credit to Benefit from Budget Boost, Counter Unsecured Loan Stress
MSME Credit to Benefit from Budget Boost, Counter Unsecured Loan Stress To enhance credit flow to MSMEs, the government is urging banks to offer collateral-free term loans and additional support during financial stress. The FY25 budget includes a new credit guarantee scheme to help MSMEs in manufacturing secure loans for machinery and equipment without needing […]
MSME Experts Highlight Gaps in Budget 2024
MSME Experts Highlight Gaps in Budget 2024 The MSME ecosystem has collectively praised the measures announced in the Budget 2024, including a Rs 100 crore Credit Guarantee Scheme for manufacturing units, a new credit assessment model based on MSME digital footprints, credit support for MSMEs under stress, enhanced Mudra loan limits, and a reduced turnover […]
Government and Industry Collaborate to Boost India’s Toy Sector
Government and Industry Collaborate to Boost India’s Toy Sector Government and industry leaders will convene on July 8 to discuss strategies for enhancing the growth of India’s toy sector, focusing on boosting manufacturing capabilities and increasing exports. The meeting, organized by Invest India in collaboration with the Toy Association of India, aims to address key […]
CreditEnable Partners with WEP to Empower Women Entrepreneurs
CreditEnable Partners with WEP to Empower Women Entrepreneurs CreditEnable has partnered with the Women Entrepreneurship Platform (WEP) incubated by Niti Aayog to launch its flagship digital financial wellness program, Shine, aimed at women entrepreneurs across India. Introducing Shine: A Path to Financial Wellness Shine, developed by CreditEnable and powered by Experian, offers SME owners a […]
SEBI In Action: Market Watchdog Caps Opening Price of IPO for NSE Emerging Segment
SEBI In Action: Market Watchdog Caps Opening Price of IPO for NSE Emerging Segment To ensure uniformity in the opening price discovery and equilibrium price for SME platform IPOs across exchanges, the Securities and Exchange Board of India (SEBI) has decided to impose a cap of up to 90 percent over the issue price for […]
Govt to Extend Easy Visa Rules to All PLI Sector Companies: DPIIT Secretary
Govt to Extend Easy Visa Rules to All PLI Sector Companies: DPIIT Secretary The Production-Linked Incentive (PLI) scheme covers 14 sectors, including mobile phones, drones, white goods, telecommunications, textiles, automobiles, specialty steel, and pharmaceutical drugs. The government is working towards streamlining the application process for Indian business visas for companies that have set up manufacturing […]
MSME Day 2024: Significance, History, and Its Difference from Small Industry Day
MSME Day 2024: Significance, History, and Its Difference from Small Industry Day Overview MSME Day, observed annually on June 27, is designated by the United Nations General Assembly to recognize the vital role that Micro, Small, and Medium Enterprises (MSMEs) play in fostering inclusive and sustainable economic development globally. This day celebrates the immense contributions […]
How MSMEs Can Boost India’s Real Estate Market
How MSMEs Can Boost India’s Real Estate Market With streamlined regulations and increased credit access, MSMEs have the potential to significantly enhance India’s real estate sector. MSMEs play a pivotal role in innovation, employment, and economic growth, contributing over 30% to India’s GDP. This sector is poised to transform India’s economic landscape further. A report […]
FM Urged to Support MSME Workforce Up-Skilling and Introduce Employment-Linked Incentives
FM Urged to Support MSME Workforce Up-Skilling and Introduce Employment-Linked Incentives The interim Budget for FY25 has allocated Rs 22,138 crore to the MSME sector, maintaining the same level as the previous financial year. During a pre-budget meeting on Tuesday, industry executives urged Finance Minister Nirmala Sitharaman to increase funding in the Union Budget to […]
India’s Electronic Manufacturing May Reach USD 500 Billion by 2030: CII Report
India’s Electronic Manufacturing May Reach USD 500 Billion by 2030: CII Report A report by the Confederation of Indian Industry (CII) emphasizes the need for critical actions to transform India’s electronic sector ecosystem from “import-dependent assembly-led manufacturing” to “component-level value-added manufacturing.” Key Findings According to the report, in 2023, the demand for components and sub-assemblies […]