MSME Policy

mckinsey global institute, msme productivity, large enterprises, economy, ICT, manufacturing, professional services, management skills, technology

Did you know? Indian MSMEs only 26% as productive as large companies: McKinsey report

The size of MSMEs matters in understanding their level of productivity relative to large enterprises in emerging economies including India.…

May 29, 2024 18:22 IST

public procurement, gem, government emarketplace, sc/st entrepreneurs, women entrepreneurs, msme sambandh, msme ministry, commerce ministry

Public procurement: Purchase of MSME goods by govt hits new high in FY24

According to the procurement policy, CPSEs need to procure at least 25 per cent of their total procurement value from…

May 27, 2024 16:18 IST

red sea route, exporters, shipments, maersk, insurance rates, assocham, logistics, jnpt, Suez Canal, Mediterranean Sea, air freight

Red Sea crisis: Government must come to the rescue of MSME exporters

Since the security situation in the Red Sea has started getting worse, it has resulted in higher insurance rates and…

May 26, 2024 11:18 IST

$5 trillion economy, msmes, manufacturing, public private partnership, nbfc, credit, employment, jobs, grassroot level, china plus one, export, imf, godrej capital

How MSMEs are driving India’s $5 Trillion ascent in a shifting economic landscape

India’s thriving ecosystem of SMEs is a monumental force in the global economic landscape, contributing nearly a trillion dollars to…

May 19, 2024 12:25 IST

msme jobs, small business jobs, udyam registration, gst, goods and services tax, women employment, msme schemes, covid

MSME jobs in India cross 19-crore mark: Govt data

This included 4.27 crore women employees and 2.15 crore employees in enterprises not covered under the Goods and Services Tax…

May 10, 2024 17:48 IST

udyam, udyog aadhaar memorandum, msme registration, udyam license, how to cancel udyam registration, msme ministry

Udyam Registration: Want to cancel your MSME license online? Here’s the updated process

Udyam portal was introduced by the government in July 2020 to replace the UAM registration system and ease the online…

May 9, 2024 17:16 IST

section 43b(h), delayed payment, msme dues, Federation of All India Vyapar Mandal, Madras Merchants, Manufacturers Association, and the Confederation of West Bengal Trade Associations, msme payments, cait, 45 day payment rule, supreme court, high court, income tax act, msme ministry, budget

Traders to likely move High Court next week after SC refused plea against 45-day MSME payment rule

Traders currently can apply for Udyam registration under the MSME Ministry to only seek bank credit under priority sector lending…

May 7, 2024 17:59 IST

houthis, red sea, indian exporters, msme exporters, small business exporters, air8, supply chain finance, export schemes, shipments, logistics, ecgc, government schemes for exporters, delayed payments

Red sea crisis: The challenges and impact on Indian small businesses

Attacks by the Houthis on ships led to US and allied responses, causing chaos in maritime trade. India’s small and…

May 5, 2024 09:00 IST

gst, goods and services tax, gst for MSMEs, lok sabha elections 2024, general elections, government, udyam portal, gst refund, ITC, input tax credit, export credit, return filing, cash flow, esop, Nexdigm

Lok Sabha Election 2024: GST amendments new government should bring in to support MSMEs

These proposed amendments to the GST framework are indispensable to support the growth and sustainability of MSMEs in India.

April 21, 2024 08:00 IST

litigation cost, legal advice for small businesses, litigation challenge for SMEs, delayed payments, legal challenges for SMEs, legalpay, mediation, arbitration, alternative dispute resolution

Mitigating impact of litigation costs on MSMEs: Solutions beyond credit

While accessing credit is a common recourse for MSMEs facing financial challenges, it is not always the only option, especially…

April 20, 2024 18:28 IST

Attention GeM sellers: Update your Business Profile by April 30 to avoid account deactivation; check details here

Updating the business profile for MSME sellers is important to avoid deactivation of their seller account.

April 18, 2024 17:08 IST

msme sambandh, public procurement, gem, government emarketplace, cpse, sc st entrepreneurs, women msmes, ecommerce, cpse, government departments

Public procurement from micro, small enterprises declines in FY24 from previous year: Govt data

Despite the decline, the share of procurement made by CPSEs from MSEs in FY24 remained well above the 25 per…

April 11, 2024 17:03 IST

sme climate hub, we mean business coalition, climate change, carbon emissions, smes, zed scheme, climate impact, environment

Climate change: Lack of govt benefits, funding key barriers for SMEs to take climate action, says survey

According to SMEs who have taken action to reduce emissions, 62 per cent said it has enhanced their business reputation…

April 10, 2024 16:57 IST

women msmes, women entrepreneurs, female entrepreneurs, ICRIER, UN, niti aayog, world bank, ecommerce, amazon

‘Women entrepreneurship on the rise but challenges pushing founders into informal sector’

While women entrepreneurship is on the rise, female entrepreneurs face a tapestry of challenges, pushing them into the informal sector.…

April 7, 2024 11:00 IST

micro enterprises, sustainability readiness, working capital blockage, skilled labour, prices, OAEs, market linkage, digital marketing, raw material skills, credit, subsidy

Micro enterprises’ big challenges: How India can break growth barriers for its micro manufacturing units

Apart from administrative reforms, some of the major challenges of the micro enterprises are sustainability readiness, working capital blockage, skilled…

April 7, 2024 10:00 IST

congress, congress manifesto 2024, startups, angel tax, gst, goods and services tax, intellectual property, jobs, manufacturing, bjp

Congress manifesto 2024: ‘Will lessen tax burden on MSMEs, replace GST, eliminate Angel Tax’

The manifesto said shopkeepers and small retail businesses that face intense competition from online businesses will be given significant tax…

April 5, 2024 17:14 IST

operational efficiency, amrit kaal, manufacturing, kaizen institute, gems and jewellery, automation, innovation, productivity, innovation, cost, waste, labour

What will it take for businesses to boost operational efficiency for global competitiveness?

To bolster India’s position as a global competitor in an ever-evolving market, organisations must identify their weak links to further…

March 24, 2024 10:33 IST

fieo, msme exports, ashwini kumar, merchandise exports, red sea, economy, russia-ukraine war, engineering goods, electronic goods, organic and inorganic chemicals, drugs and pharmaceuticals, petroleum products

India’s exports may reach USD 450 billion this fiscal: New FIEO President

“I will focus on addressing issues of MSMEs as they are going to play. They will play a key role…

March 19, 2024 18:53 IST

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‘MSME growth through fintech innovations to play major role in $5 trillion economy’

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Electronics, chip firms line up Rs 3-trillion kitty over five years

BusinessJune 27, 2024 06:15 IST

The Indian government’s incentives have attracted electronics and semiconductor manufacturers to invest Rs 3 trillion in capital expenditure over 5 years. The potential market of $500 billion by 2030 has led to companies setting up shop for domestic and export demand. Major companies like Foxconn and Vedanta Group have also invested due to the production-linked incentive scheme.

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