MSMEs

West Bengal Chief Minister Mamata Banerjee is expected to address over 12,000 traders at the Byabasayi Sammelan 2025' here on December 17, in a major outreach to the state's MSME-driven trading community ahead of next year's assembly elections. A business meet is also scheduled for December 18 to facilitate interactions with industry representatives, as the usual two-day international business summit is not being held this year in view of the upcoming polls. The Byabasayi Sammelan 2025' assumes significance as the state government seeks to consolidate support from all quarters, including small businesses, in the run-up to the 2026 assembly elections. The Confederation of West Bengal Trade Associations (CWBTA) president Sushil Poddar said the event, where Banerjee will be the chief guest, would provide a platform for the CM to connect with thousands of small traders, who form the backbone of Bengal's supply chain. Traders create livelihood opportunities for more than one crore peopl

Odisha has emerged as the most attractive state in India for micro, small, and medium enterprises, Chief Minister Mohan Charan Majhi said here on Sunday. Addressing the valedictory function of the Odisha Industry Conclave-2025, Majhi said his government is committed to making the dreams of four and a half crore people of Odisha a reality. Since the BJP came to power in 2024, the government has taken several steps to promote industrial development in Odisha, he said. Under our 'Go Swift Single Window' system, projects are being approved not in months but in a single day. This year, 6.1 per cent of our state's GDP has been invested in infrastructure, which is the highest in India, he said. Noting that the 'Laghu Udyog Bharati' has a significant role to play in the journey of industrialisation in the state, he said the efforts of this institution in supporting more than 980 industrial units, creating employment, facilitating entrepreneurs and contributing to the goal of a self-reliant

The state aims to lower land costs and boost private investment through a plug-and-play model, lease-rental options and expanded industrial land banks

The CAG has launched a nationwide audit across 32 states and UTs to assess whether MSME reforms are delivering on-ground improvements, while mandating harmonised expenditure classification by FY28

Deeper capital flows, strong logistics, digital retail and MSME integration can energise the consumption economy and accelerate the path to Viksit Bharat

The Centre will provide ₹2,000 crore to back a ₹20,000-crore credit guarantee scheme aimed at easing liquidity for exporters, especially MSMEs, amid tariff pressures from the US

MSME players in pre-Budget talks seek collateral-free credit, relaxed NPA norms, and tax reliefs to offset the impact of a 50% US tariff hike on exports and ease liquidity pressures

So far, a total of 187 QCOs covering 769 products have been notified for compulsory certification of BIS by various departments/ ministries of the government

Micro, small and medium enterprises (MSMEs) in India are facing structural challenges like limited access to formal credit, which is impairing their productivity, but their digital readiness remains a bright spot, a Deloitte India report said on Wednesday. MSMEs in India contribute nearly 30 per cent to GDP, and account for 45 per cent of exports and provide livelihoods to over 240 million people. The study shows that despite exhibiting a significantly higher degree of digital readiness than OECD peers, Indian MSMEs operate at just 18 per cent of large-enterprise productivity compared with 45-70 per cent in OECD economies. This gap limits their competitiveness compared to global counterparts. Deloitte India Economist Rumki Majumdar said India's MSME space is marred by several structural and persistent challenges, including limited access to formal credit, outdated technology, regulatory complexity and infrastructure bottlenecks. The credit gap is estimated at Rs 30 lakh crore or a

Union Minister H D Kumaraswamy unveiled third round of speciality steel PLI scheme with relaxed thresholds, updated pricing benchmarks, and wider MSME participation to boost steel manufacturing

SIDBI survey shows the MSME Business Conditions Index eased slightly in Q2FY26 on US tariff concerns but points to stronger optimism for Q3 and FY27

While sales sentiment softened modestly in the July-September quarter, 50 per cent of trading and 47 per cent of manufacturing MSMEs reported positive growth

The Centre is finalising a reform package to reduce costs, improve logistics efficiency, and strengthen innovation in the MSME sector, which contributes 30 per cent to India's GDP

The number of Quality Control Orders has seen a quantum jump since 2019, but many of them have ended up unintentionally hurting, instead of helping, industry

The proposal was made at a meeting convened by the central bank's Financial Inclusion and Development Department (FIDD) last week to address issues facing the MSME sector from the impact of 50%

RBI's draft norms propose revised risk weights across corporate, MSME, real estate, and retail exposures, aiming to reduce banks' capital requirements from FY28

While corporate credit remains stable, CRISIL warns that MSME and unsecured retail segments could see mild stress amid export slowdown and loan seasoning

RBI's revised Basel III norms, effective April 2027, to lower capital needs for banks with reduced risk weights on MSME and housing loans, boosting CET1 ratios

Moreover, the regulator proposed tweaking risk weights for loan to MSME and residential housing loans, which will release capital for banks

The number of exporting MSMEs, despite a commendable trebling in the last four years, was a meagre 173,350 in May last year