Msme Manufacturing

Budget's push on infra, MSMEs to support demand: Steel industry players

Increased capital expenditure, provisions for industrial clusters, and focus on MSMEs in the FY27 budget are expected to strengthen economic activities and support steel demand, steel industry players said on Monday. Presenting the annual Budget for the next financial year on Sunday, Finance Minister Nirmala Sitharaman announced a series of measures covering infrastructure, renewables, logistics and the MSME sector. Sharing his views with PTI, Naveen Jindal, President of the Indian Steel Association, said that a 22.2 per cent effective increase in capital expenditure, focus on freight corridors and inland waterways, and the Rs 10,000-crore container manufacturing scheme are expected to strengthen infrastructure activity, improve trade logistics and support steel demand. Dilip Oommen, CEO of AMNS India, said the steps to strengthen project financing, revive industrial clusters and expand infrastructure in Tier-II and Tier-III cities will boost domestic manufacturing and enhance ...

MSME sector stays resilient in Q2, eyes festive season boost: Sidbi report

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

Final call soon for states and UTs to avail of MSME scheme benefits

The scheme aims to foster a favourable environment for MSMEs to flourish, thus playing a crucial role in strengthening India's economy and generating employment opportunities

Budget 2024: MSME ministry gets 'positive' feedback on 45-day payment rule

Any change in Finance Bill prerogative of finance ministry, says official

Kerala launches insurance cover for MSME sector to safeguard businesses

In a boost to Kerala's thriving MSME sector, the state government has introduced a comprehensive insurance scheme covering Micro, Small, and Medium Enterprises. This initiative aims to safeguard these businesses from various risks and instill confidence in them to thrive in a competitive business environment, an official release said here. The Department of Industries and Commerce formalised agreements with four public sector insurance companies in the presence of Minister for Industries, Law, and Coir, P Rajeeve. Emphasising the importance of this initiative, Rajeeve said this was an upfront initiative that will provide financial protection to MSMEs against all kinds of risks that can have a detrimental impact on their businesses. As of now, Kerala boasts over three lakh MSMEs, out of which approximately 1,40,000 have registered as part of the government's Year of Enterprises initiative. However, only around 15,000 of them have insurance coverage against various risks. Suman Bil

Boosting sales of khadi products: Govt initiatives and schemes explained

The government's efforts to promote Khadi products through innovative schemes, exhibitions, and online platforms are driving increased sales

Cabinet approves PLI scheme worth Rs 1.97 trillion for 14 sectors

The PLI scheme is further expected to have a cascading effect on the country's MSME ecosystem

Small businesses file applications worth over Rs 35,000 cr in payables

Over 137,000 complaints made, govt portal shows state govt dues are among the highest

More firms to come under ambit of small and medium sized companies

In a notification, the ministry defined a small and medium sized company as an entity whose equity or debt securities are not listed or are not in the process of listing on any stock exchange

India poised to export hand sanitiser bottle dispensers, says govt

India is poised to export hand sanitiser bottle dispensers thanks to interventions by the technology centres and tool rooms under the MSME ministry, the government said on Thursday.

Covid-19 crisis: 80% MSMEs in Sonipat hub await their turn to open

The first of a five-part series captures the restlessness of workers in Haryana's industrial clusters struggling to restart operations

Miles to go as financial inclusion has only scratched surface: TRIBE CEO

Tech is helping extend credit to the MSME sector

Manufacturing growth dips to 0.6% over slackening demand, global headwinds

A persisting liquidity crisis in the MSME added to the manufacturing sector's woes

MSMEs must create 50 million jobs in 5 years, says Nitin Gadkari

Currently, micro, small and medium enterprises contribute 29 per cent to the country's gross domestic product and have created 11 crore jobs in recent years

Dark clouds over India's growth engines

Small and medium enterprises have been struggling to raise bank credit even as they have been powering India's manufacturing growth in recent years