MSMEs

India's MSME sector faces a formal credit gap of around Rs 60 lakh crore, with existing institutional channels meeting only 30-40 per cent of the debt demand of smaller enterprises, a report said. However, the report said a centralised interoperable digital layer designed to seamlessly connect key economic stakeholders -- including businesses, banks, financiers, payment providers and public systems could help bridge the credit gap of MSMEs, while unlocking productivity across the country's formal business sector. India's business sector accounts for more than Rs 130 lakh crore in economic activity and around 45 per cent of the country's gross value added (GVA). The report prepared by Bain & Company-NPCI Bharat BillPay Ltd identified a connected digital ecosystem as one of four key enablers that can help unlock its full potential. The report released at the Global Fintech Fest noted that implementing a centralised interoperable layer built on standardised APIs would digitise the ...

Indian aviation sector offers immense opportunities for MSMEs, and efforts are underway to have more Indian suppliers in the global aerospace market, Civil Aviation Minister K Rammohan Naidu on Thursday. Global aerospace players have a strong interest in India's aviation sector, Naidu said and highlighted that Indian airlines have placed orders for over 1,600 aircraft. Speaking at a conference organised by industry body CII in the national capital, the minister also said that India cannot be just a place for assembling aerospace components but a place for designing, certifying and manufacturing the components. India is the world's third largest domestic aviation market. At the conference, Civil Aviation Secretary Samir Kumar Sinha said various models for manufacturing aircraft in India are being looked at. Boeing India and South Asia President Salil Gupte said the company sources products and services worth nearly Rs 14,000 crore from India annually. The aircraft maker has around

NITI Aayog's Ashok Lahiri said transaction data generated through UPI could improve credit appraisal and risk pricing, helping bring MSMEs into the formal lending system

India's Brics chairship has yielded 20 outcomes across agriculture, health, energy, urban infrastructure, MSMEs, startups and trade, with a focus on practical cooperation

ECLGS 5.0 was meant to run until March 2027, but its ₹2.5 trillion guarantee allocation was exhausted within months, leaving banks and borrowers with sanctioned but undisbursed loans

Nadcap accreditation for TCR's Navi Mumbai and Vadodara laboratories will allow Indian aerospace suppliers to conduct critical materials testing domestically, cutting costs

Prime Minister Narendra Modi's call to MSMEs to fully leverage India's growing network of free trade agreements (FTAs) is timely, as these pacts offer small businesses an opportunity to access larger global markets, integrate with global value chains and improve their competitiveness, exporters say. They also said that with preferential market access now available across several major economies, the real opportunity lies in converting these agreements into export orders. Prime Minister Narendra Modi, on Saturday, said India has finalised FTAs with about 40 countries since 2014, presenting a tremendous opportunity for the country's MSMEs, and urged small enterprises to tap these opportunities and not let the chance slip away. Addressing the country on the 80th Independence Day, he said there is a need to expand the global reach of Indian products and ensure that goods such as textiles, machinery and medicines find their way into international markets. Welcoming the government's move

Centre likely to launch second phase of PM Vishwakarma scheme on September 17, with higher credit access and stronger market support for artisans

The MSMED Amendment Bill seeks faster payments, online dispute resolution and easier recovery of dues, but industry bodies flag concerns over TReDS access and implementation

Policy reforms are unlocking receivables financing, giving small businesses faster access to liquidity against unpaid invoices

The proposed facility at Sahaspur industrial estate will offer common infrastructure and services to railway manufacturers, ancillary units, MSMEs and technology firms

Industry body FISME has urged the CBIC to protect bona fide GST buyers from suppliers' defaults, expedite refunds and simplify compliance to improve ease of doing business

The India SME Forum estimates the MSME procurement economy at ₹124.9 trillion, but says only 30-40 per cent of spending currently takes place through digital channels

The MIP on PVC resin may support domestic producers but risks raising costs for MSMEs, infrastructure projects and exporters while failing to address supply shortages

The Rajya Sabha on Monday passed a bill that seeks to tackle the issue of delayed payments to MSMEs by prescribing timelines to ensure faster adjudication of disputes, provide recovery of the settlement agreement, and address their liquidity issues, even as Opposition members continued to disrupt the House. The Upper House was adjourned after the passage of the Micro Small and Medium Enterprises Development (Amendment) Bill, 2026. Members of the Opposition kept raising slogans during the bill's passage, demanding the presence of Home Minister Amit Shah to answer questions on police action against students protesting NEET exam paper leak. Replying to the discussion on the bill, Union Minister for MSME Jitan Ram Manjhi outlined the advantages of the proposed legislation for the sector and various sections of society, expressing dismay at the loud protests by Opposition members. "We expected our opposition allies to support, cooperate, and pass this bill, but today they are opposing .

The policy offers capital subsidies, export assistance and technology incentives as Haryana seeks to double exports over the next five years

Women-led MSMEs are surging in Odisha, with registrations rising eightfold in six years as policy support helps first-generation entrepreneurs create jobs

The government on Tuesday introduced a Bill in the Rajya Sabha that seeks to tackle the issue of delayed payments to micro small and medium enterprises (MSMEs) by prescribing timelines to ensure faster adjudication of disputes, provide recovery of the settlement agreement, and address their liquidity issues. Union Minister for MSMEs Jitan Ram Manjhi introduced the Micro Small and Medium Enterprises Development (Amendment) Bill, 2026 in the Rajya Sabha. The Bill seeks to amend The Micro, Small and Medium Enterprises Development Act, 2006. "This legislation was framed in 2006, therefore there is a need for reforming it and making additions," the minister said. Notably, the proposed legislation seeks to empower courts to order payment of at least 50 per cent of the awarded amount to MSME suppliers, if the application to set aside an order is pending for more than six months. It also seeks to provide recovery of the mediated settlement agreement or the arbitral award as arrear of land

The national transporter plans procedural reforms, mechanised execution and faster project clearances to raise its freight modal share from 24 per cent to 40 per cent

A parliamentary panel has urged the CCI to periodically review its regulations, improve transparency in penalty calculations and strengthen safeguards for MSMEs and startups