Page 6 - Msme Sector

MSMEs not integrated with e-commerce platforms face survival threat: ICRIER

In contrast, units that have integrated with the e-commerce platforms have witnessed significant gains in the form of increased sales, profitability and investments

Why small and microcaps are rocketing

The question on everyone's mind is, will this be sustainable? The answer is not simple

Tamil Nadu appoints IAS officer Arun Roy as new industries secretary

Civil servant has worked in several roles in the state government

Credit access for MSMEs depends on digitisation, integration of services

The backbone of a unified digital ecosystem will be TReDS, which helps MSMEs to convert receivables into instant liquidity

MSME ministry contributed significantly in Chandrayaan-3 dream: Rane

The Ministry of MSME contributed significantly in realising the dream of Chandrayaan-3, Union Minister Narayan Rane said on Wednesday. The Minister for Micro, Small, and Medium Enterprises said the Bhubaneswar Tool Room under the ministry manufactured about 54,000 aerospace components of 437 varieties for the mission. "IDEMI Mumbai, another institute under the ministry, also played an important role in manufacturing of parts for Chandrayaan-3," an official statement said quoting the minister. Congratulating the entire ISRO team and the countrymen on the successful landing of Chandrayaan-3, the minister, in a post on X, said the success of this mission will prove beneficial for India as well as for the whole world. "The MSME sector will surely play a crucial role in the space missions to be launched in the future as well," he said. Union Minister of State for Electronics and Information Technology Rajeev Chandrasekhar also congratulated the ISRO team on the achievement. "With the

Women-led MSMEs avail Rs 430 crore in loans in FY2023: Impact report

Nearly Rs 1,900 crore in loans were distributed to MSMEs, with women-led businesses making up 24% of the loans disbursed

Hon'ble Minister of MSME, Government of India awarded MSME Real Estate Business of the Year to Chintan Vasani, Founder Partner Wisebiz Realty

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KredX to disburse Rs 2,000 cr in working capital for MSME sector

Tier-two cities expected to have 35% growth in demand for such financing compared to last year, says firm

Multiple Private Equity, IFC to invest Rs 1,050 crore in Veritas Finance

The deal comprises a primary issue of Rs 400 crore and provides a partial exit to early investors

World MSME Day: Sector reforming to overcome logistic, tech hurdles

On International MSME Day 2023, here's a look at the challenges the sector faces and how it is overcoming them

DealShare to invest Rs 1,000 cr in SMEs in 5 yrs, assist its private labels

Social commerce firm said it will help brands find wider appeal, ensure manufacturing quality

Softer commodity prices to lift road units' margins: CRISIL SME Tracker

Liquidity conditions are also expected to improve, as measures under the Atmanirbhar Bharat scheme have been extended until March 2024, and payments by state authorities also become more punctual

World MSME Day: All you need to know about sector fueling India's growth

India has more than 63 million micro, small and medium enterprises (MSME) that account for nearly 27% of GDP

World MSME Day 2023: Date, Theme, Celebration, Essential Facts about MSME

This celebration of World MSME Day is to create market opportunities in both domestic and global markets, promote regional development, reduce regional disparities

Database of nearly 9 million MSMEs on the cards in Uttar Pradesh

Micro entrepreneurs will be eligible to the accident insurance cover of up to Rs 5 lakh, which is under active consideration of the Yogi Adityanath government.

Govt mulls changes to MSME prepackaged scheme, more teeth for IBBI

Experts feel that the current voting limit of 66 per cent for initiating the prepack process is a very rigid condition, which has been a deterrent for MSMEs

Govt shouldn't roll out PLI for shoes, handicrafts, says think tank boss

These items are mostly made by small firms while scheme focuses on scale production; Small firms don't need PLI--they need access to tech and low-cost finance through separate schemes

Seeing stress in MSME sector... had slippages of Rs 3K cr: A Manimekhalai

MSMEs showing signs of stress, says A Manimekhalai, managing director and chief executive, Union Bank of India

FSSAI's proposed label norms unfair to traditional Indian food items: MSMEs

They believe the proposed norms will allow big companies to dominate the Indian food market, as the rules will regard more than 85% of Indian snacks, sweets and beverages as unhealthy

MSME loan delinquencies dip to 3% by September, shows CIBIL data

The highest drop was in the private bank segment, from 2.8 per cent in Q2FY22 to 1.5 per cent in FY23-Q2