New MSME credit assessment model for PSBs likely to be launched in March 2025: Report
New Delhi/IBNS: The new micro, small and medium enterprise (MSME) credit assessment model, based on digital footprints for public sector banks (PSBS), is expected to be unveiled by the end of March next year (2025), Business Standard reported, citing sources in the know.
FM Nirmala Sitharaman asks PSBs to make 'concerted' efforts for special deposit drives
New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman on Monday (August 19) called for a collaborative approach between banks, the government, regulators, and security agencies, amid rising cyber threats.
UnionBudget2024: FM proposes eight new measures to support MSMEs
With an eye on employment generation and to boost the manufacturing sector, Union Finance Minister Nirmala Sitharaman announced special measures for the MSME sector.
Share of MSMEs in manufacturing output in India stands at 35.4 percent, Economic Survey finds
The Economic Survey tabled by the Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman in Parliament on Monday, highlights the importance of the MSME sector in the Indian economy with an all-India manufacturing output of 35.4 percent.
Economic Survey says deregulation of Indian MSME section is crucial
For Medium, Small and Micro Enterprises (MSMEs), while bridging the credit gap remains a crucial element, the focus also needs to be on deregulation, enhancing physical and digital connectivity, and putting in place an export strategy that enables MSMEs to broaden their market exposure and scale up.
New Delhi: The government is contemplating to relax the requirement for making payments to MSMEs within 45 days of purchasing goods and services to prevent large corporations from seeking alternative sourcing options, media reported.
Entrepreneurs gain valuable insights at FICCI FLO's seminar on MSME in Kolkata
Kolkata: FICCI FLO, the women's wing of the Federation of Indian Chambers of Commerce and Industry, recently hosted a seminar focussing on the leading role played by the MSMEs in India.
60% of MSMEs plan to digitize their business by 2025: Vi report
Kolkata: Almost 60% of MSMEs plan to digitize their business processes by 2025, according to Vi Business ReadyforNext MSME growth insights study.
Aditya Birla's MSME lending platform Udyog Plus garners 8 lakh users in 9 months; AUM at Rs 250 cr
Kolkata: Aditya Birla Finance Limited’s (ABFL) B2B lending platform Udyog Plus has attracted over 8 lakh users in the MSME sector within nine months of its launch, the company said in a press release.
MSME ministry launches initiative to onboard 5 lakh MSMEs on ONDC
New Delhi: Union Minister for Micro, Small & Medium Enterprises (MSMEs) Jitan Ram Manjhi launched an initiative to onboard 5 lakh micro and small enterprises onto the Open Network for Digital Commerce (ONDC) platform.
National Stock Exchange and West govt sign MoU to facilitate fundraising for SMEs in the State
Kolkata: The National Stock Exchange (NSE) and the West Bengal government have signed a Memorandum of Understanding (MoU) to spread awareness amongst MSMEs of the state regarding fundraising via the IPO mechanism using NSE Emerge which is the SME platform of NSE.
Mines Ministry to support start-ups, MSMEs for research in mineral processing
New Delhi: The Mines Ministry would invite proposals from start-ups, MSMEs and individual innovators to promote research and innovation in mining and mineral processing, according to a statement on Wednesday.
New Delhi: The MSME sector has achieved a significant milestone by generating over 15 crore employment opportunities, Union Minister Narayan Rane said in a social media post.
New Delhi/IBNS: The government has sanctioned around Rs 23.2 lakh crore to 40.82 crore loan accounts under the Pradhan Mantri Mudra Yojana (PMMY) scheme as of March 24, 2023, Finance Minister Nirmala Sitharaman said on Saturday.
Kotak General Insurance partners with actyv.ai to provide insurance products to MSMEs
Kolkata: Kotak Mahindra General Insurance Co. Ltd (Kotak General Insurance) on Wednesday announced that it has partnered with actyv.ai to offer bite-sized insurance products to new-age Micro, Small and Medium Enterprises (MSME) companies.