Page 3 - Msme Sector

ONDC to soon open up for beta-testing for public in limited areas

Since April-end, ONDC has been testing with a closed user group for end-to-end execution.

Odisha govt plans to set up MSME parks in every district: SC Mohapatra

Odisha government has plans to set up micro, small and medium enterprises (MSMEs) parks in all the 30 districts of the state, a top government official said. MSMEs will get all infrastructure support including land, electricity and water in the districts, chief secretary S C Mohapatra said in a programme here. Odisha Industrial Infrastructure Development Corporation (IDCO) has been given more than Rs 450 crore to develop the required infrastructure in the districts for the purpose, he said at the concluding session of Propack Odisha 2022 and MSME Odisha 2022 organised by Odisha Assembly of Small and Medium Enterprises (OASME) on Sunday. "In the last few years, we saw 30-40% growth in finance to MSMEs by banks which is encouraging. Chief Minister Naveen Patnaik has held two rounds of meeting with bankers in this regard, Mohapatra said in response to entrepreneurs allegation of non-cooperation from banks. Odisha Industries Minister P K Deb said the younger generation must take risk a

Distinguished scientist Samir V Kamat appointed DRDO Chairman: Ministry

The Appointments Committee of the Cabinet has approved Kamat's appointment from the date of his assumption of charge till he attains the age of 60 years

10 mn apprenticeships in 10 yrs: What India needs to solve its unemployment

TeamLease and JustJobs Network report notes that instead of around 125,000 apprentices, CPSUs have only 41,250 on board

Indian Bank inks MoU with SRM University in Andhra to lend up to Rs 50 cr

This collaboration will further strengthen the MSME sector, stated University Registrar Dr. R Premkumar, signing the MoU.

Uttar Pradesh govt seeks to take embassies' help to boost exports

Among the top-selling UP products are leather goods, carpets, hand woven textiles, brassware, glassware, sports goods, etc

Yogi 2.0 to showcase MSME bandwidth at UP Global Investor Summit 2023

UP is setting its sights on Rs 10 trillion in fresh investment from domestic and multinational companies at the high-ticket event

PM Modi inaugurates 'Raising & Accelerating MSME Performance' scheme

According to Prime Minister's Office (PMO), the scheme has outlay of around Rs 6,000 crore

PM Modi to launch several schemes on June 30 to ramp up MSME sector

Prime Minister Narendra Modi will participate in the 'Udyami Bharat' programme and will launch several schemes on June 30

Over a quarter of MSMEs lost over 3% market share due to Covid: Crisil

More than a quarter of India's micro, small and medium enterprises (MSMEs) lost over three per cent market share due to the Covid-19 pandemic, said Crisil Ltd on Monday.

Input cost hike, freight rates drag chemical MSMEs in Gujarat to 50% output

Of the 11,000-odd units in the state, which account for nearly 40 per cent of India's chemical output, almost a third have turned sick

Micro MSME Fintech ARTH raises $2.5 mn from KfW arm, MIT alumni and others

Total funding including from promoters rises to $3.5 million; funds to be used to expand services, enhance tech capabilities

How are power outages affecting small industries in India?

The ongoing power outages are proving critical for small industries, which are already reeling under high input costs and tepid demand. Find out how industries are bearing the brunt of power cuts.

Frequent power disruption over coal shortage in TN now affecting MSMEs

With Tamil Nadu facing unprecedented power disruptions, primarily due to the shortage of coal and other distribution issues, the functioning of small and medium companies in the state are affected.

Seeds Fincap plans to disburse Rs 250 crore in next financial year

The company, which has operations in Uttar Pradesh, Haryana and Rajasthan with 24 branches in Tier 2 and 3 towns, completed disbursement of Rs 50 crore worth loans on Wednesday

SIDBI ties up with Bihar government to promote MSME sector in state

The Small Industries Development Bank of India (SIDBI) has tied up with the Government of Bihar to promote the micro, small and medium enterprises (MSME) sector in the state. To this effect, two memoranda of understanding (MoU) have been signed between SIDBI and the industries department, Government of Bihar, and the Bihar Industrial Area Development Authority (BIADA) to develop the MSME ecosystem in the state. Under the first MoU with Bihar's industry department, project management units (PMUs) will be deployed by SIDBI with the state government, SIDBI said in a statement on Wednesday. The PMU will support the state government in making necessary interventions for focused engagement of SIDBI with Bihar, with the objective of facilitating development of the MSME ecosystem. It will support the state government in making necessary interventions for focused engagement of SIDBI to facilitate development of the MSME ecosystem in the state. According to the second MoU, SIDBI will work i

Indifi Tech says its online loans for small businesses grew 200% YoY

Indifi said it registered a 100 per cent growth in the number of loans disbursed from December 2020 to December 2021

Union Bank of India, Capri Global Capital tie up for co-lending to MSMEs

The co-lending agreement aims to enhance last-mile finance and drive financial inclusion to MSMEs

BSE joins hand with All India MSME Association to promote listing of MSMEs

Leading stock exchange BSE on Thursday said it has collaborated with the All India MSME Association (AIMA MSME) to encourage and promote the listing of MSMEs and startups. Through this pact, AIMA MSME will assist BSE in evaluating MSMEs and startups for listing on the exchange's SME platform while also sensitising its investor network for investing in listed MSMEs, the exchange said in a statement. Further, the two entities will host joint roadshows and events across the country to raise awareness among micro, small & medium enterprises (MSMEs) for listing on the exchange's SME segment. "We are currently observing a surge of MSMEs and startups in the country and funding is one of the most vital elements. So, it is very important that we make them aware of the benefits of equity funding route and this association is key for us to be able to do so and also attract more investors to invest in the listed MSMEs and startups," Ajay Thakur, Head BSE SME and Startup, said. Avinash Dalal, .

Sundaram Finance, MSME Development Institute to handhold MSMEs on marketing

Support for entrepreneurial and managerial development of MSMEs through incubators scheme focusses on providing opportunity to the innovators in developing and nurturing their new innovative ideas