Page 4 - Msme

Commerce department likely to seek more funds to help MSME exporters

Current allocation may not be enough to design and implement support schemes

Small can be beautiful: MSME sector gears up for transformational changes

The MSME sector may be on the cusp of a big change if it seizes on the opportunities in financing and protection in getting dues

Five years of Covid: Struggles, adaptations and hope for small businesses

From closures to online pivots, how small enterprises weathered the pandemic storm

Hopeful that Budget will offer schemes to aid MSMEs: UCCI president

Mohanty stated that he wants the corporate tax to be further reduced for the MSME sector

MCG scheme for MSMEs to boost investment, manufacturing, exports: Exporters

The launch of a new credit guarantee scheme for the MSME sector covering loans up to Rs 100 crore will help attract more investments, promote manufacturing and boost the country's exports, exporters say. They said that the exporting community's lack of adequate financing for capital investments has long been a challenge for MSMEs, restricting their ability to scale and compete in global markets. On January 29, the government launched the Mutual Credit Guarantee Scheme for MSMEs (MCGS- MSME) with an aim to provide 60 per cent guarantee coverage by National Credit Guarantee Trustee Company Ltd (NCGTC) to Member Lending Institutions (MLIs) for credit facility of up to Rs 100 crore sanctioned to eligible MSMEs for purchase of equipment/machinery, the finance ministry said in a statement. For availing the scheme, the MSMEs should fulfil certain conditions which include that the borrower should be an MSME with valid Udyam Registration Number, loan amount guaranteed shall not exceed Rs 100

Govt approves Mutual Credit Guarantee scheme to strengthen MSME sector

Mutual Credit Guarantee scheme will provide 60% guarantee coverage for loans up to Rs 100 crore

Fintech Tide eyes a million MSMEs by 2025-end, launch new solutions

SME-focused business financial platform Tide looks to onboard 5 lakh MSMEs to reach 10 lakh members by December 2025 on the back of new AI-powered solutions, a top company official said on Thursday. Tide has crossed 5 lakh MSMEs (members) on its platform within two years after its market entry, Tide in India CEO Gurjodhpal Singh said in a statement. Our goal is to welcome another 500,000 small businesses to Tide by December 2025. To make this happen, we're expanding our range of financial tools using advanced technology to tackle the latest business challenges, Singh said. We're focusing on smarter AI-powered financial insights, stronger connections with India's growing digital payment systems, and new features to make managing finances and admin even easier, he added. Tide plans to offer new products like savings and investments, tailored insurance plans, easy access to formal credit, simplified Udyam registration, hassle-free GST filing and advanced payment acceptance solutions.

Nasscom foundation names Jyoti Sharma as CEO, replaces Nidhi Bhasin

nasscom foundation on Thursday announced the appointment of Jyoti Sharma as its new Chief Executive Officer, effective immediately. Succeeding Nidhi Bhasin, Sharma brings over 20 years of experience in driving social impact and leading program development, resource mobilisation, and stakeholder engagement, according to a company statement. "Her visionary leadership and deep expertise will be instrumental in scaling our impact through our flagship programmes, broadening our reach, and driving meaningful change through the innovative use of technology," nasscom foundation Chairman Rostow Ravanan said. Established in 2001, nasscom foundation is a not-for-profit organisation representing the Indian tech industry. Sharma said she will work towards strengthening nasscom foundation's TechForGood legacy by broadening its reach and deepening its impact. "My focus is to ensure that the synergy of technology and social innovation paves the way for India to achieve its vision of digital equit

MSME bodies seek audit exemption for firms below Rs 5 crore turnover

In budget recommendations, FISME emphasised that SMA framework should go beyond merely identifying stressed accounts and halting banking operations to include guidelines for reviving these accounts

Plans underway for bigger role for TReDS, to enrol million MSMEs in 2 years

It is also expected that the Union Budget for FY26 may have more measures for MSME financing, with a bigger role for TReDS

Hurt in Covid-19, MSMEs recover slowly as initiatives for them continue

Share of credit outstanding to MSMEs by scheduled commercial banks as a percentage of outstanding non-food credit is tepid

Surge in finished steel imports sparks industry woes, policy dilemmas

It remains to be seen how the government charts out a path to address the competing concerns and resolve the matter

Amazon pledges to enable $80 bn exports from India by 2030; partners DPIIT

E-commerce giant Amazon on Tuesday announced its commitment to enable USD 80 billion in cumulative exports from India by 2030 and said it has partnered with DPIIT to establish India as a global manufacturing hub. Amit Agarwal, Senior Vice President for Emerging Markets at Amazon, made the announcements during the company's annual 'Smbhav Summit'. "Motivated by the progress that we made in driving exports out of India...we are quadrupling our focus in India... we are going to advance our commitment to enable USD 80 billion in exports by 2030," Agarwal said. Amazon had earlier pledged to digitising 10 million micro, small, and medium enterprises (MSMEs), achieving USD 20 billion in cumulative exports from India, and creating 2 million jobs in the country by 2025. "We are humbled to share that we have hit our pledge to digitise 10 million small businesses one year ahead of time and have enabled over 12 million small businesses to become a part of the digital economy. We have enabled .

Rajasthan govt's new policy set to give a fillip to MSMEs in state

The state government claims that it received investment commitments worth over Rs 25 trillion so far

Low salaries can be self-destructive for India Inc, says CEA Nageswaran

Deregulation to be big theme of Eco Survey

Over 70% MSMEs use biz loans for immediate financial needs: Study

There is higher demand for working capital expenses, emphasising the liquidity challenges and short-term cash flow gaps faced by businesses in managing their day-to-day operations

Centre cautious on FTAs to safeguard farmers and MSMEs: EAM Jaishankar

Speaking at an event, External Affairs Minister S Jaishankar spoke about India's resilience and post-Covid recovery along with its careful stance on free trade agreements

BS Samriddhi 2024: 'UP has largest investment portal in the country'

Nivesh Mitra offers 491 online services and is adding more, say senior bureaucrat

MSMEs can boost finances with formal registration, digital payments: RBI DG

The deputy governor highlighted that despite their importance, MSMEs often struggle to secure timely and adequate credit

Govt to decide soon on Rs 100 crore credit guarantee scheme for MSMEs: FM

Union Finance Minister Nirmala Sitharaman on Saturday said that the Rs 100 crore credit guarantee scheme for MSMEs which was announced in the budget this year will soon be placed before the Union Cabinet for approval. Highlighting the five announcements made in this budget for MSMEs she said, "the introduction of a special credit guarantee corpus to help MSMEs will be very helpful during the time of distress...." "The Rs 100 crore credit guarantee scheme will soon be placed before the cabinet. Immediately after getting approval from cabinet, the scheme that will provide guarantee through MSME ministry and banks will be implemented," the Union Finance Minister said, while attending the National MSME Cluster Outreach Programme here. "The grievance, which has been there for a very long time, is that the MSMEs can get working capital from banks but they don't get term loans, loans for plant and machinery. Now the guarantee will be provided under the scheme," she explained. Further stat