As India's MSME sector matures, IDBI Bank's Sumit Phakka says the lending framework must keep paceIndia's small businesses are now driving economic growth. New government budgets are boosting MSME financing and support. Digital tools are...
PhonePe partners with SIDBI, rolls out digital-first Udyam assist registration to simplify MSME onboardingThis initiative will further accelerate the formalisation of informal micro-businesses into the mainstream economy as well as enhance credi...
Registered MSMEs may touch 9 crore mark by 2029: OfficialCurrently numbering over 6 crore under Udyam and Udyam Assist portals, as stated by Joint Secretary Mercy Epao.
MSME sector holds potential to act as a transformative agent for addressing income inequality: ManjhiBudget 2025 will have measures to address MSMEs’ pain points and banks must shun hesitation to lend to MSMEs, said Jitan Ram Manjhi, Union ...
Public procurement up by nearly 100% and digital transaction worth Rs 84000 crore by MSME ministryIn FY24, public procurement from MSMEs almost doubled, reaching Rs 75,742 crore, up from Rs 38,432 crore in FY23. This increase involved 13...
Emergency credit guarantee scheme helped save 14.6 lakh MSMEs: ReportThe report also noted that there is evidence of MSME units becoming larger with several units crossing the threshold of Rs 250-crore turnov...
Govt integrates Udyam registration platform with job portal NCSA memorandum of understanding was also signed between the MSME ministry and Common Service Centre in connection with Udyam Registration Por...
1 cr MSMEs registered on Udyam portal in 25 months: Narayan RaneThe MSME ministry signed MoUs with the Ministry of Tourism and the NSIC for the sharing of Udyam data. On the occasion, the Digi Locker fac...
Will take up MSMEs' suggestion to raise turnover cap for small units to PM, finmin: Narayan RanePointing out that MSMEs contribute 50 per cent to India's exports and 30 per cent to the country's GDP, the minister said the endeavour is ...
Women-led MSMEs in India rise 75% to 8.59 lakh units in FY22: Govt dataMInister of State for MSME Bhanu Pratap Singh Verma said women-led registrations on Udyam Registration Portal saw a significant increase.
Over 66 lakh MSMEs registered on Udyam portal, 95% are micro enterprises, 0.5% medium firms: Economic Survey 2021-22The Economic Survey also highlighted the Champions portal as being an ICT based technology system for making the smaller units big by helpi...
Udyam portal completes 5 million registrations: MSME SecyThe objective of the portal is to provide a single-page registration, consume less time and simplify processes of registering any enterpris...
MSME registration now allowed for wholesalers, retailers: RBI to banksThe Ministry of Micro, Small and Medium Enterprises through an office memorandum had said that retail and wholesale trade would be classifi...
Retail, wholesale trade brought under MSME: How it may benefit tradersRetail and wholesale trade enterprises were brought under the MSME Development Act, 2006, until it was dropped on the recommendations of a ...
Over 11 lakh MSMEs registered on Udyam online system since July: GovtOver 11 lakh MSMEs have registered on the new online system of Udyam Registration launched in July, the government said on Saturday. Out of...
New process for MSME registration begins July 1 onwardsUdyam Registration can be filed online based on self-declaration with no requirement for documents of proof, barring Aadhar, as per the not...
From July, register enterprise online with Aadhaar, self-declaration"An enterprise can be registered just on the basis of Aadhaar number. Other details can be given on self-declaration basis without any requ...