small businesses

India’s Micro, Small, and Medium Enterprises (MSMEs), the second largest sector after China, are bound to grow exponentially in the upcoming years. The constantly expanding landscape is being shaped by various key trends that present opportunities and challenges. Women-leading Micro, Small, and Medium Enterprises are critical for growth and job creation in the country but ...

The Jharkhand government has unveiled the draft MSME Policy 2023, proposing a 5 per cent annual interest subsidy for new MSMEs with timely loan repayments from public financial institutions or banks, valid for five years post-commercial production. The maximum subsidy limit stands at INR 25 lakh for micro units, INR 1 crore for ...

The 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, ...

The inaugural edition of the Women Entrepreneurship Platform (WEP) – NITI Aayog State Workshop Series on Enabling Women-led Development through Entrepreneurship was organized at CSIR-National Institute of Oceanography (NIO) Auditorium, Goa. The workshop was held in collaboration with the Government of Goa with a focus on the western region of the country. A series of ...

Finance Minister, on Tuesday, started the Budget Session 2023 with her presentation of the economic survey 2022-23. Every Year, Economic survey, a detailed report by state of the national economy in the financial year that which is ending, is presented in Lok Sabha. This year’s economics survey revealed that the credit growth to the MSME sector ...