MSMEs
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Opportunity India Desk Nov 16 2023 - 3 min readThe Small Industries Development Bank of India (SIDBI) has entered into an agreement with the Union Territory of Jammu and Kashmir (J&K) to implement the SIDBI Cluster Development Fund (SCDF), aimed at accelerating infrastructure development for Micro, Small, and Medium Enterprises (MSMEs) in the region. The partnership will facilitate the modernization, upgrading, and ...
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Opportunity India Desk Nov 16 2023 - 3 min readIndia's exports recorded a 6.21 per cent increase, reaching USD 33.57 billion in October this year compared to USD 31.6 billion in the same period last year, according to the Ministry of Commerce and Industry. On the other hand, imports also experienced an uptick, totaling USD 65.03 billion for the month, ...
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Opportunity India Desk Nov 15 2023 - 3 min readThe Ministry of Mines on Wednesday announced plans to financially support research and innovation initiatives in startups and micro, small, and medium enterprises (MSMEs) operating in the mining, mineral processing, metallurgy, and recycling sector. The initiative, named Science and Technology Program for Research and Innovation in Startups and MSMEs (S&T-PRISM), is designed for ...
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Opportunity India Desk Nov 15 2023 - 2 min readThe Small Industries Development Bank of India (SIDBI), in collaboration with Jocata, a financial advisory and technology firm, introduced an MSME Economic Activity Index called ‘Sumpoorn’. The index, based on consent-led and anonymized monthly sales data from over 50,000 MSMEs seeking credit, will utilize official GSTN returns from October 2019 to the present, ...
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Opportunity India Desk Nov 14 2023 - 3 min readThe PHD Chamber of Commerce and Industry has called upon the government to reconsider the proposed national MSME policy to accommodate the distinct requirements of MSMEs across various states and regions. Highlighting the existence of diverse state-specific policies supporting MSMEs, the report recommended the integration of both national and state-level MSME structures to ...