MSMEs: Page 3

News and Trends

How e-Commerce is Fueling The MSME Growth in India

MSMEs are the driving force of the economy for the country, backed by the strong connectivity of e-Commerce

News and Trends

How Govt Support Is Strengthening MSMEs Connection In India

The sector contributes around 30 per cent to India's GDP and accounts for nearly 45 per cent of the country's exports. They generate over 110 million jobs, offering significant employment at lower capital costs than large industries

News and Trends

How MSMEs uphold the backbone of India's economy

This sector has emerged as a highly vibrant and dynamic area of the Indian economy over the last five decades.

News and Trends

MSME: The Past and The Prospect

The micro small & medium enterprises act as the backbone of the country, keeping the economy flowing as well as providing quality services to the masses

Finance

Union Budget 2024: FM Nirmala Sitharaman Gives Boost to MSMEs

Finance Minister Nirmala Sitharaman announced the Budget for 2024, giving a significant boost to MSMEs through a self-financing guarantee fund providing coverage of up to INR 100 crore per applicant

Growth Strategies

Scaling, Adapting, and Thriving: The Cloud Imperative for Indian SMEs

20 per cent of SMEs have successfully migrated more than half of their workload to Cloud and 51 per cent of SMEs prioritise Cloud for customer support.

News and Trends

Need For Digital Transformation for MSMEs In India: Forvis Mazars Report

There are a total of 63.39 million MSMEs in India with over 99 per cent of them being micro-enterprises contributing 30 per cent to the country's GDP and 45 per cent to its exports. Despite their major game play in the economy these enterprises remain significantly under-digitized.

News and Trends

Whatsapp and Whatsapp Business Dominate MSME Landscape With a 97% Usage Rate: Report

43 per cent prefer UPI at Micro, Small, and Medium Enterprises (MSME) while 38 per cent lean towards Aadhaar Banking for last-mile banking services.

News and Trends

CredAble Receives INR 30 Cr from SIDBI to Support MSMEs and Women-Led Businesses

The Axis Bank-backed lender aims to use the funding to expand its operations and bridge the funding gap for MSMEs and women-led enterprises.

News and Trends

Empowering MSMEs: Unlocking India's Trillion-Dollar Manufacturing Potential

By empowering MSMEs, India can realize its vision of a robust trillion-dollar manufacturing sector, fueling economic prosperity and sustainable development

News and Trends

CredRight Raises INR 78 Crore In Equity And Debt Financing Round

The platform will utilise this additional capital to expand further into new locations, strengthen its technology stack and help MSMEs access formal finance

News and Trends

PM Modi Addresses G20 Trade And Investment Meeting; Remarked On MSMEs And Global Trade

The Prime Minister also said that India believes in a rules-based, open, inclusive, multilateral trading system, with the WTO at its core

News and Trends

IIMA's CIIE.CO Partners With RBI's Innovation Hub To Support Women MSMEs

Swanari Techsprint by RBIH is an annual programme that offers a platform to conceptualise, develop and support innovations in technology that enhance access, usage and quality of financial services for women in India

News and Trends

Veritas Finance Secures Investment Of INR 1200 Crore

The company plans to use the fresh capital to enter new markets and strengthen its new product lines, including affordable housing loans

News and Trends

Dallas Venture Capital Secures INR 60 Crore From Self Reliant India Fund And NewcrestImage

The firm will utilize these funds to support faster growth of Micro, Small and Medium Enterprises (MSMEs) helping in the overall economy building and strengthening and maximizing employment opportunities