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Government launches credit guarantee scheme for farmers to avail post-harvest loans With an aim to minimize distress selling by farmers, the government has launched the Credit Guarantee Scheme for e-NWR based Pledge Financing (CGS-NPF). This scheme provides a corpus of Rs 1,000-crore for post-harvest finance availed by farmers against electronic negotiable warehouse receipts (e-NWRs) after depositing commodities in Warehousing Development and Regulatory Authority (WDRA) accredited warehouses. The credit guarantee schemes are expected to enhance the availability and access...
Government launches credit guarantee scheme for farmers to avail post-harvest loans
Government launches credit guarantee scheme for farmers to avail post-harvest loans
Source: Accord Fintech
2024-12-17 01:57:33 pm
Mortgage finance AUM in India projected to grow 16-17 pc in FY25 and FY26 The assets under management (AUM) of mortgage finance loans in the country is expected to grow at a healthy 16-17 per cent this fiscal and the next (FY25 and FY26), a report said on Monday.   Trends in the sub-segments like home loans, loans against property (LAP), and wholesale loans will vary. Over the current and next fiscals, home loans should grow at a reasonable pace of 13-14 per cent, according to the Crisil Ratings report. Home loan growth is supported by structural factors...
Mortgage finance AUM in India projected to grow 16-17 pc in FY25 and FY26
Mortgage finance AUM in India projected to grow 16-17 pc in FY25 and FY26
Source: IANS
2024-12-16 05:29:30 pm
Over 2.2 crore women-owned MSMEs registered under government scheme in last 4 years: Minister As many as 2.21 crore women-owned MSMEs have registered on Udyam Registration Portal (URP) and Udyam Assist Platform (UAP) between July 1, 2020 and November 30, 2024 in the country, the Lok Sabha was informed on Thursday.  Union Minister of State for Micro, Small and Medium Enterprises Shobha Karandlaje said in a written reply that the Government has taken a number of initiatives to increase the participation of women in MSMEs in the country. These include special drives for regist...
Over 2.2 crore women-owned MSMEs registered under government scheme in last 4 years: Minister
Over 2.2 crore women-owned MSMEs registered under government scheme in last 4 years: Minister
Source: IANS
2024-12-13 09:08:21 am
Telecom PLI sees Rs 3,998 crore worth actual investment: Centre The production-linked incentive (PLI) scheme for telecom and networking products has witnessed Rs 3,998 crore worth actual investment (against Rs 4,014 crore as committed investment) by micro, small and medium enterprises (MSMEs) and non-MSMEs, the Parliament was informed on Wednesday.  Minister of State for Communications and Rural Development, Dr Chandra Sekhar Pemmasani, said in a written reply to a question in Lok Sabha that total 42 beneficiaries have been approved under the PLI ...
Telecom PLI sees Rs 3,998 crore worth actual investment: Centre
Telecom PLI sees Rs 3,998 crore worth actual investment: Centre
Source: IANS
2024-12-11 06:01:10 pm
Women now own 20.5 pc of MSMEs in India, startups surge in tier 2 and 3 cities Women now own 20.5 per cent of micro, small and medium enterprises (MSMEs) in India as approximately 45 per cent of startups now originate from tier 2 and 3 cities, indicating a significant shift towards regional entrepreneurial growth, according to a report on Wednesday.  Over 1,000 incubators across the country are facilitating access to resources, mentorship, and funding, said the KPMG in India report. Initiatives like the Women Entrepreneurship Platform (WEP) and Pradhan Mantri...
Women now own 20.5 pc of MSMEs in India, startups surge in tier 2 and 3 cities
Women now own 20.5 pc of MSMEs in India, startups surge in tier 2 and 3 cities
Source: IANS
2024-12-11 01:42:12 pm
Sectoral Credit Deployment for October 2024 by CareEdge Ratings Synopsis * Non-food credit offtake slowed to 11.5% y-o-y in October 2024, down from 20.0% (including merger) and 15.4% (excluding merger) in October 2023. This slowdown is attributed to a higher base effect, RBI measures such as higher risk weights and the proposed LCR norms, and a focus on managing the Credit-toDeposit ratio (which remained around 80%). Credit offtake in October 2024 was driven by industry (large and MSMEs), gold loans, and mortgages, partially offset by lower growth in N...
Sectoral Credit Deployment for October 2024 by CareEdge Ratings
Sectoral Credit Deployment for October 2024 by CareEdge Ratings
Source: CareEdge Ratings
2024-12-11 11:48:05 am
India can create over 30 mn new women-owned enterprises India has the potential to create more than 30 million new women-owned enterprises, according to a report.  The report -- on democratisation of entrepreneurship in India -- by consulting firm KPMG stated that this can translate to 150 to 170 million more jobs in the country. Investing in women-led ventures can have a multiplier effect, as they are more likely to reinvest in their communities, the report said. Further, boosting venture capital (VC) funding in women-led startups i...
India can create over 30 mn new women-owned enterprises
India can create over 30 mn new women-owned enterprises
Source: IANS
2024-12-11 11:47:19 am
We value Amazon`s efforts to empower businesses from urban centres to rural areas: Nitin Gadkari Union Minister of Road Transport and Highways, Nitin Gadkari, said on Tuesday that the government values Amazon's efforts to leverage its logistics expertise across India, empowering businesses from urban centres to rural areas, as the e-commerce giant announced a series of initiatives towards ‘Viksit Bharat’.  At the fifth edition of its annual ‘Smbhav Summit’ in the national capital, the e-commerce giant announced to increase its exports commitment fourfo...
We value Amazon`s efforts to empower businesses from urban centres to rural areas: Nitin Gadkari
We value Amazon`s efforts to empower businesses from urban centres to rural areas: Nitin Gadkari
Source: IANS
2024-12-10 03:14:48 pm
Skill India Digital Hub achieves milestone with over 1 crore registration  Skill India Digital Hub (SIDH), a digital platform to synergise India's skill development, education, employment, and entrepreneurship landscape, has achieved a milestone with over 1 crore registrations, according to latest data from the Skill India or the National Skills Development Mission of India.  The SIDH platform was launched in September 2023 primarily to provide a comprehensive and accessible platform for skill enhancement, offering industry-relevant skill courses, ...
Skill India Digital Hub achieves milestone with over 1 crore registration
Skill India Digital Hub achieves milestone with over 1 crore registration
Source: IANS
2024-12-09 11:49:32 am
MSMEs integral to large businesses, industrial growth: Piyush Goyal Union Minister of Commerce & Industry, Piyush Goyal has said that MSMEs are integral to large businesses and industrial growth, adding that the Government is willing to earmark areas to MSMEs in the 20 townships being built across the nation. Further noting that MSMEs are pivotal to supporting large industries in their ecosystem, the Minister said that he would speak to States to look at providing areas to MSMEs for developing their businesses in townships and industrial parks. He also ad...
MSMEs integral to large businesses, industrial growth: Piyush Goyal
MSMEs integral to large businesses, industrial growth: Piyush Goyal
Source: Accord Fintech
2024-12-06 01:42:55 pm
SIDBI Opens New Branch in Karnal to Boost MSME Growth in Haryana SIDBI inaugurated its new branch in Karnal, Haryana to enhance access to financial services and promote the growth of Micro, Small, and Medium Enterprises (MSMEs) in the industrial clusters of the region. The branch was inaugurated by Shri Ajit Nath Jha, CGM, in the presence of senior officials from state and central governments, Punjab National Bank, Sarv Haryana Grameen Bank, and representatives of various industrial cluster bodies and associations. An MSME Cluster Outreach Program was a...
SIDBI Opens New Branch in Karnal to Boost MSME Growth in Haryana
SIDBI Opens New Branch in Karnal to Boost MSME Growth in Haryana
Source: PR Agency
2024-12-06 12:11:53 pm
Muthoot FinCorp ONE Rolls Out Loans for MSMEs Basis their Digital Footprint Muthoot FinCorp ONE, a strategic business unit (SBU) and the digital platform of Muthoot FinCorp Ltd. (MFL) continues to break new ground in digital finance with its digital footprint-based lending program for small business owners. Designed for enterprises using QR-code based apps for daily collections, this offering provides loans up to Rs.5,00,000 with daily repayment option. This lending product leverages QR-code transaction histories to offer credit to small business owners who often ...
Muthoot FinCorp ONE Rolls Out Loans for MSMEs Basis their Digital Footprint
Muthoot FinCorp ONE Rolls Out Loans for MSMEs Basis their Digital Footprint
Source: PR Agency
2024-12-02 04:36:03 pm
Shri. Manoj Mittal, CMD - SIDBI meets Bihar Chief Secretary Shri. Amrit Lal Meena (IAS) to Strengthen SIDBI`s MSME Outreach in Bihar Shri Manoj Mittal, Chairman and Managing Director, Small Industries Development Bank of India (SIDBI) met Shri Amrit Lal Meena, IAS, the Chief Secretary of Bihar, to apprise him of SIDBI’s ongoing work in the State to enhance the reach of its credit and credit-plus services and its support to State’s MSMEs with capex and working capital support.  During the meeting, Shri Mittal assured the Chief Secretary of SIDBI’s unwavering commitment towards the MS...
Shri. Manoj Mittal, CMD - SIDBI meets Bihar Chief Secretary Shri. Amrit Lal Meena (IAS) to Strengthen SIDBI`s MSME Outreach in Bihar
Shri. Manoj Mittal, CMD - SIDBI meets Bihar Chief Secretary Shri. Amrit Lal Meena (IAS) to Strengthen SIDBI`s MSME Outreach in Bihar
Source: PR Agency
2024-11-29 06:18:09 pm
Innovative financial solutions to boost MSME growth in India: Assocham In order to boost the MSME growth in the country, there is the need for innovative financial solutions and banks should improve transparency in loan approval processes and eliminate unused credit charges, according to a report on Thursday.  MSMEs are a cornerstone of India's economy, contributing nearly 30 per cent of GDP, 45 per cent of manufacturing output and 46 per cent of exports in fiscal year 2024. According to a report by Assocham in collaboration with Egrow Foundation,...
Innovative financial solutions to boost MSME growth in India: Assocham
Innovative financial solutions to boost MSME growth in India: Assocham
Source: IANS
2024-11-28 04:57:30 pm
Liberty General Insurance Partners with Profectus Capital to Empower MSME Enterprises Liberty General Insurance, one of India’s leading general insurers, has partnered with Profectus Capital to support Micro, Small, and Medium Enterprises (MSMEs) by providing them with access to tailored insurance solutions. This collaboration aims to enhance financial security for businesses, allowing them to focus on growth and sustainability with peace of mind. Through this partnership, Liberty General Insurance seeks to address the risks faced by enterprises by integrating insuran...
Liberty General Insurance Partners with Profectus Capital to Empower MSME Enterprises
Liberty General Insurance Partners with Profectus Capital to Empower MSME Enterprises
Source: PR Agency
2024-11-25 04:01:50 pm
Indian MSMEs create about 10 crore jobs in 15 months The total number of new jobs created by micro, small and medium enterprises (MSMEs) in the country has gone up by close to 10 crore in the last 15 months, official data recorded on the government’s Udyam portal showed.  According to the figures, the number of registered MSMEs has now gone up to 5.49 crore from 2.33 crore in August last year while the number of jobs reported by these enterprises has shot up to 23.14 crore from 13.15 crore during this period. The total employme...
Indian MSMEs create about 10 crore jobs in 15 months
Indian MSMEs create about 10 crore jobs in 15 months
Source: IANS
2024-11-21 11:49:01 am
Embedded finance to unlock $25 bn revenue opportunity for India`s platforms by 2030 Embedded finance can unlock $25 billion revenue opportunity for India’s digital and financial services platforms by 2030, a report showed on Tuesday.  Embedded finance means where financial services can exponentially expand customer reach by directly integrating within everyday consumer platforms, open digital networks and supply chains. According to the report by Elevation Capital, India’s leading early-stage venture capital firm, large consumer platforms in e-commerce...
Embedded finance to unlock $25 bn revenue opportunity for India`s platforms by 2030
Embedded finance to unlock $25 bn revenue opportunity for India`s platforms by 2030
Source: IANS
2024-11-19 11:02:05 am
Banking community should view `MSMEs as an opportunity not a risk`: Nirmala Sitharaman Finance Minister Nirmala Sitharaman has said that the banking community should view Micro, Small and Medium Enterprises (MSMEs) not merely as a sector of risk but as a sector brimming with opportunity. Sitharaman noted that cash flow-based lending has the transformative potential to address the working capital requirements of MSME units. She said India’s sound banking system, with cleaner balance sheets & adequate capital buffers and robust earnings, is well positioned to cater to t...
Banking community should view `MSMEs as an opportunity not a risk`: Nirmala Sitharaman
Banking community should view `MSMEs as an opportunity not a risk`: Nirmala Sitharaman
Source: Accord Fintech
2024-11-19 10:31:07 am
Regional rural banks must empower MSMEs via flagship government schemes: FM Nirmala Sitharaman Finance Minister Nirmala Sitharaman on Saturday urged Regional Rural Banks (RRBs) to increase credit disbursement for MSMEs under various flagship government schemes such as MUDRA, PM Vishwakarma, etc, with the active support of their sponsor banks.  In a meeting to review the performance of 10 RRBs of the southern region here, FM Sitharaman directed RRBs to increase their share in ground-level agriculture credit disbursement with special focus on allied agriculture activities like da...
Regional rural banks must empower MSMEs via flagship government schemes: FM Nirmala Sitharaman
Regional rural banks must empower MSMEs via flagship government schemes: FM Nirmala Sitharaman
Source: IANS
2024-11-10 08:47:10 am
No MSME will be left behind in PM Narendra Modi`s government: FM Nirmala Sitharaman Indian micro, small, and medium enterprises (MSMEs) are providing 21 crore jobs while making a major contribution to the economy and exports across sectors, and no MSME will be left behind by the government, Finance Minister Nirmala Sitharaman said here on Saturday.  Addressing the ‘National MSME Cluster Outreach Programme’, the Finance Minister said that under Prime Minister Narendra Modi, no state will be left behind and the government would attend to every state. &qu...
No MSME will be left behind in PM Narendra Modi`s government: FM Nirmala Sitharaman
No MSME will be left behind in PM Narendra Modi`s government: FM Nirmala Sitharaman
Source: IANS
2024-11-10 08:39:36 am
Finance ministry asks PSBs to focus on cybersecurity, accelerate lending to agriculture & MSMEs Concerned over the growing instances of cyber frauds, the finance ministry has asked public sector banks (PSBs) to align their digital and cybersecurity frameworks with industry best practices and ensure customer protection and operational continuity as top priorities. During a review meeting chaired by the Department of Financial Services (DFS) Secretary M Nagaraju, discussions were held on enhancing the robustness of PSBs, building on recent financial achievements, and addressing strategic ...
Finance ministry asks PSBs to focus on cybersecurity, accelerate lending to agriculture & MSMEs
Finance ministry asks PSBs to focus on cybersecurity, accelerate lending to agriculture & MSMEs
Source: Accord Fintech
2024-11-06 02:39:51 pm
India's economic growth to stay strong, but job creation fails to spark joy India's economy will grow at a solid pace this fiscal year and next, according to a Reuters poll of economists, but they cautioned that key drivers such as job creation and household spending will only increase mildly over the next 12 months. While Asia's third-largest economy clocked 8.2% growth last fiscal year - the most among major economies - fueled by years of government spending, it failed to create enough well paying jobs for millions entering the workforce every year. W...
India's economic growth to stay strong, but job creation fails to spark joy
India's economic growth to stay strong, but job creation fails to spark joy
Source: Reuters
2024-10-28 05:28:49 pm
Punjab CM seeks incentives for industry on par with hill states  Presenting Punjab's industrial growth before a team of NITI Aayog, Chief Minister Bhagwant Mann on Wednesday sought incentives for industry of the state on a par with neighbouring hill states.  Addressing the gathering during the inaugural session of a workshop on MSME exports as drivers of growth for Punjab, the Chief Minister said that "it is the need of the hour to give subsidies and incentives to the industrialists of Punjab on a par with the hill states". H...
Punjab CM seeks incentives for industry on par with hill states
Punjab CM seeks incentives for industry on par with hill states
Source: IANS
2024-10-24 09:13:30 am
MCX Releases ``Commodity Insights Yearbook 2024`` Featuring Key Insights on Enhancing Participation in the Commodity Derivatives Market  The Multi Commodity Exchange of India Ltd. (MCX), India’s leading Exchange in the Commodity Derivatives Market segment, released the Commodity Insights Yearbook 2024. This annual publication, published jointly with IIM Bangalore, is aimed at raising awareness and deepening knowledge of the commodity derivatives market among stakeholders. The Yearbook, an initiative of MCX Investor Protection Fund, was released by Shri G.P. Garg, Executive Director, SEBI, at an event...
MCX Releases ``Commodity Insights Yearbook 2024`` Featuring Key Insights on Enhancing Participation in the Commodity Derivatives Market
MCX Releases ``Commodity Insights Yearbook 2024`` Featuring Key Insights on Enhancing Participation in the Commodity Derivatives Market
Source: PR Agency
2024-10-19 12:20:38 pm
Purple Finance Limited Rights Issue Oversubscribed 1.5 Times Purple Finance Limited, an MSME-focused NBFC listed on the BSE (purplefin), has announced the successful closure of its recent rights issue, which was oversubscribed by 1.5 times. The issue offered 1,12,04,985 shares at Rs.40 per share, resulting in strong investor interest, with valid applications totaling 1,71,99,236 shares—53% higher than the issued amount. This successful fundraising reflects strong investor confidence in Purple Finance's strategy to support micro, small and ...
Purple Finance Limited Rights Issue Oversubscribed 1.5 Times
Purple Finance Limited Rights Issue Oversubscribed 1.5 Times
Source: PR Agency
2024-10-17 04:13:55 pm
Malaysia aiming to develop evaluation instruments to guide investment policy Evaluation instruments to better guide Malaysia's investment policy are being developed to maintain the country's momentum as a major investment destination for key industries, a Malaysian official said on Tuesday.  Such instruments or "scorecard" will be aligned with the country's National Investment Aspirations (NIA) policy, which is composed of six pillars, namely increasing economic complexity, creating high-value jobs, extending domestic linkages, developing...
Malaysia aiming to develop evaluation instruments to guide investment policy
Malaysia aiming to develop evaluation instruments to guide investment policy
Source: IANS
2024-10-15 04:56:17 pm
Quote on Festive Season`s impact on the surge in business loans to trading MSMEs by Hardika Shah, Founder & CEO of Kinara Capital Below the Quote on Festive Season`s impact on the surge in business loans to trading MSMEs by Hardika Shah, Founder & CEO of Kinara Capital   “Consumer spending is poised to surge this festive season, and Trading MSMEs are ready to seize this opportunity. At Kinara Capital, we have witnessed a remarkable 63% increase in loan inquiries from the Trading MSMEs. This growth reflects the strong demand in both B2B and B2C sectors. Electronics, Personal care, and Jewellery are s...
Quote on Festive Season`s impact on the surge in business loans to trading MSMEs by Hardika Shah, Founder & CEO of Kinara Capital
Quote on Festive Season`s impact on the surge in business loans to trading MSMEs by Hardika Shah, Founder & CEO of Kinara Capital
Source: Kinara Capital
2024-10-15 12:31:20 pm
PLI scheme for white goods: 38 firms commit investments worth Rs 4,121 crore In a boost for local manufacturing, 38 companies have applied for the PLI scheme for white goods (air conditioners and LED lights) with a net committed investment of Rs 4,121 crore in the third round, the government informed on Monday.   The third round of the online application window ended on October 12 after being open for 90 days from July 15. According to the Ministry of Commerce and Industry, about 43 per cent of the new applicants are in the MSME sector which shows the confi...
PLI scheme for white goods: 38 firms commit investments worth Rs 4,121 crore
PLI scheme for white goods: 38 firms commit investments worth Rs 4,121 crore
Source: IANS
2024-10-15 09:44:39 am
Andhra Pradesh constitutes Consultative Forum for industrial development The Andhra Pradesh government has constituted a 16-member Consultative Forum in partnership with the Confederation of Indian Industry (CII) to address issues relating to industry, trade, and investment and to act as a catalyst for promotion of investment climate, industrial growth, skill and entrepreneurship development and infrastructure development.  To be headed by Minister for Education, Information Technology (IT), Electronics and Real-Time Governance Nara Lokesh, the panel will ...
Andhra Pradesh constitutes Consultative Forum for industrial development
Andhra Pradesh constitutes Consultative Forum for industrial development
Source: IANS
2024-09-29 12:57:51 pm
Initiative to help Indian MSMEs start exporting in just 8 weeks launched To further enable Indian micro, small and medium enterprises (MSMEs) access global markets, the India SME Forum (ISF) on Saturday launched a new initiative to help them export in just eight weeks.  The programme, titled ‘Start Exporting in Eight Weeks’, will work with e-commerce export leaders like Amazon towards promoting ‘Make in India’ products. Shobha Karandlaje, Union Minister of State for Labour and Employment and MSMEs, said that MSMEs play a crucial ...
Initiative to help Indian MSMEs start exporting in just 8 weeks launched
Initiative to help Indian MSMEs start exporting in just 8 weeks launched
Source: IANS
2024-09-29 09:03:49 am
Several reforms to transform food processing sector launched in last 10 years: PM Narendra Modi  India launched several reforms to transform the food processing sector in the last decade, said Prime Minister Narendra Modi on Thursday.  In his virtual address at the World Food India Programme held in the national capital, the PM noted that his government is "creating a strong ecosystem of modern infrastructure, robust supply chains and employment generation across the country" to boost the food sector. "During the last 10 years, we have introduced wide-rang...
Several reforms to transform food processing sector launched in last 10 years: PM Narendra Modi
Several reforms to transform food processing sector launched in last 10 years: PM Narendra Modi
Source: IANS
2024-09-19 06:01:41 pm
MSME initiatives in first 100 days to boost entrepreneurship, create more jobs: Minister The various initiatives launched over the past 100 days are aimed at promoting growth, boosting entrepreneurship, creating employment opportunities, Union Minister for Micro Small and Medium Enterprises, Jitan Ram Majhi, said here on Tuesday.  The achievements are reflective of the government’s commitment to ensuring the sustainable growth of the MSME sector, fostering innovation, and enhancing job creation, the minister told reporters. Majhi informed that the MSME sector has...
MSME initiatives in first 100 days to boost entrepreneurship, create more jobs: Minister
MSME initiatives in first 100 days to boost entrepreneurship, create more jobs: Minister
Source: IANS
2024-09-18 08:40:33 am
5 cr MSMEs registered, aim to ramp up credit guarantees by another Rs 5 lakh cr: Centre The number of registered micro, small and medium enterprises (MSMEs) increased from 1.65 crore to 5 crore in the last one year, the government informed on Tuesday, thus bridging a large gap in formalisation of MSMEs.  According to Dr Rajneesh, additional secretary and development commissioner, Ministry of MSME, several MSMEs needed to register with the government, and it was estimated that there were around 6.5-7 crore MSMEs in the economy and only 1.65 crore MSMEs were registered til...
5 cr MSMEs registered, aim to ramp up credit guarantees by another Rs 5 lakh cr: Centre
5 cr MSMEs registered, aim to ramp up credit guarantees by another Rs 5 lakh cr: Centre
Source: IANS
2024-09-10 04:59:54 pm
MSMEs have become vital supply chains for big industries: Piyush Goyal The micro, small and medium enterprises (MSMEs) in the country are not only giving employment to millions but also contributing to nation building and becoming vital supply chains to big industries, Union Commerce Minister Piyush Goyal said on Saturday.  Moreover, quality control orders (QCOs) are protecting MSMEs from unfair competition from outside the country, he added. Addressing the 10th 'India International MSME Startup Expo and Summit 2024' in the national capital, t...
MSMEs have become vital supply chains for big industries: Piyush Goyal
MSMEs have become vital supply chains for big industries: Piyush Goyal
Source: IANS
2024-08-24 05:45:01 pm
MSME important in realising vision of 2047: FM Nirmala Sitharaman Union Finance Minister Nirmala Sitharaman has said that micro, small and medium industries (MSME) will play an important role in realising the vision to transform India into a developed nation by 2047. Therefore, she said, they have been given special priority in the Union Budget. The finance minister was addressing the discussion programme with MSME marble cluster units in Udaipur. She also informed that dialogue programmes are planned to be conducted with 250 MSME clusters across the cou...
MSME important in realising vision of 2047: FM Nirmala Sitharaman
MSME important in realising vision of 2047: FM Nirmala Sitharaman
Source: Accord Fintech
2024-08-23 10:24:23 am
Centre, top economists set to discuss employment generation trends in India As the statistics reflect a significant increase in employment in the country, non-profit organisation PRS Legislative Research, commonly referred to as PRS, is set to organise a ‘National Workshop for State Legislators on Employment’ on August 22-23, with top economists in presence.  Scheduled to be addressed by Minister of State (Independent Charge) for Skill Development and Entrepreneurship, Jayant Chaudhary, in the national capital, the workshop will have discussions a...
Centre, top economists set to discuss employment generation trends in India
Centre, top economists set to discuss employment generation trends in India
Source: IANS
2024-08-22 09:32:03 am
Finance Minister Nirmala Sitharaman asks regional banks to give more loans to small and micro firms Finance Minister Nirmala Sitharaman, at a meeting held here on Monday, told the chiefs of Regional Rural Banks (RRBs) to adopt a policy of active outreach in MSME clusters to ensure credit is extended to small and micro enterprises.   The meeting was attended by the Secretary-Designate, Department of Financial Services (DFS and other senior officials from the ministry, representatives of the RBI, the SIDBI, the NABARD, Chairpersons of RRBs and CEOs of sponsor banks. The meeting foc...
Finance Minister Nirmala Sitharaman asks regional banks to give more loans to small and micro firms
Finance Minister Nirmala Sitharaman asks regional banks to give more loans to small and micro firms
Source: IANS
2024-08-20 10:15:24 am
India-Australia RISE accelerator calls for startups, MSMEs in agritech sector  The Atal Innovation Mission and Australia’s CSIRO are inviting applications from start-ups and MSMEs for the India Australia Rapid Innovation and Start-up Expansion (RISE) accelerator -- a programme designed to support businesses looking to expand between the two countries, the NITI Aayog said on Monday.   RISE accelerator is a bilateral programme led by CSIRO and the Atal Innovation Mission (AIM), NITI Aayog. It addresses the countries’ shared challenges with a focu...
India-Australia RISE accelerator calls for startups, MSMEs in agritech sector
India-Australia RISE accelerator calls for startups, MSMEs in agritech sector
Source: IANS
2024-08-19 11:51:32 am
Akme Fintrade zooms on launching ‘Aasaan Solar Rooftop Loans’ Akme Fintrade (India) is currently trading at Rs. 114.25, up by 13.15 points or 13.01% from its previous closing of Rs. 101.10 on the BSE. The scrip opened at Rs. 102.75 and has touched a high and low of Rs. 114.75 and Rs. 102.75 respectively. So far 71495 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 134.70 on 27-Jun-2024 and a 52 week low of Rs. 93.05 on 19-Jul-2024. Last one week high and low of the scrip ...
Akme Fintrade zooms on launching ‘Aasaan Solar Rooftop Loans’
Akme Fintrade zooms on launching ‘Aasaan Solar Rooftop Loans’
Source: Accord Fintech
2024-08-16 02:16:31 pm
Piyush Goyal asks footwear industry to aim $50 billion export by 2030 Union Commerce Minister Piyush Goyal, at the India International Footwear Fair (IIFF) 2024, has asked the footwear manufacturers to aim $50 billion export target by 2030. As per industry estimates, India’s footwear exports are now at a mere $2 billion. India is the world’s second-largest manufacturer of footwear, and Goyal said the country has to become the world’s largest manufacturer going ahead. He told the industry people ‘Today you are creating more than 40 lak...
Piyush Goyal asks footwear industry to aim $50 billion export by 2030
Piyush Goyal asks footwear industry to aim $50 billion export by 2030
Source: Accord Fintech
2024-08-09 10:53:03 am
India exported non-basmati rice worth $123 million in April-May India exported non-basmati rice worth $ 122.7 million during April-May in the current financial year. The government is closely monitoring the production, availability and export situation to assess suitable policy intervention, as per Minister of State for Commerce and Industry Jitin Prasada's written reply to the Lok Sabha.  The non-basmati rice exports came down to $852.53 million in 2023-24, from $2.2 billion in 2022-23 and $2 billion in 2021-22, according to the data provided...
India exported non-basmati rice worth $123 million in April-May
India exported non-basmati rice worth $123 million in April-May
Source: IANS
2024-08-08 01:01:00 pm
PM Narendra Modi releases Big Bang Numbers on Indian economy Prime Minister Narendra Modi on Tuesday released the Big Bang Numbers on the Indian economy as part of his Bi-Weekly Bharat newsletter for the fortnight of July 15-31 on the Namo app. The newsletter highlighted that India’s market cap has hit a record $5.5 trillion while the construction of the world’s highest tunnel was launched by the Prime Minister at Shinkun La on the state boundary between Ladakh and Himachal Pradesh. Some highlights also include: *Indian MSMEs creat...
PM Narendra Modi releases Big Bang Numbers on Indian economy
PM Narendra Modi releases Big Bang Numbers on Indian economy
Source: IANS
2024-08-07 09:42:57 am
PM Vishwakarma scheme certifies over 500,000 artisans The 'Basic Skill Training' initiative under the PM Vishwakarma Scheme has commenced to enhance and modernise the traditional skills of the artisans and crafters across 26 states/UTs.  According to the Ministry of Skill Development and Entrepreneurship, as of July 19, 5,17,835 candidates have been certified under the Basic Skill Training initiative. Karnataka leads with 112,737 certified candidates, followed by Jammu and Kashmir, Gujarat, Andhra Pradesh, and Maharashtra. ...
PM Vishwakarma scheme certifies over 500,000 artisans
PM Vishwakarma scheme certifies over 500,000 artisans
Source: IANS
2024-08-05 05:31:24 pm
Tamilnad Mercantile Bank trades jubilantly as its net profit rises 10% to Rs 287.29 in Q1FY25 Tamilnad Mercantile Bank is currently trading at Rs. 476.55, up by 24.35 points or 5.42% from its previous closing of Rs. 452.05 on the BSE. The scrip opened at Rs. 454.05 and has touched a high and low of Rs. 485.00 and Rs. 454.05 respectively. So far 128847 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 611.00 on 11-Sep-2023 and a 52 week low of Rs. 441.00 on 10-Aug-2023. Last one week high and low of the sc...
Tamilnad Mercantile Bank trades jubilantly as its net profit rises 10% to Rs 287.29 in Q1FY25
Tamilnad Mercantile Bank trades jubilantly as its net profit rises 10% to Rs 287.29 in Q1FY25
Source: Accord Fintech
2024-08-05 11:13:31 am
Ind-Ra ups India's GDP growth forecast for FY25 to 7.5% India Ratings & Research (Ind-Ra) has upped India's Gross domestic product (GDP) growth forecast for the current fiscal (FY25) to 7.5 per cent from 7.1 per cent projected earlier on expectation of improved consumption demand. It said the ongoing growth momentum led by government capex, deleveraged balance sheets of corporates/banks, and incipient private corporate capex cycle has now found support from the union government budget. The rating agency said the budget promises to bolst...
Ind-Ra ups India's GDP growth forecast for FY25 to 7.5%
Ind-Ra ups India's GDP growth forecast for FY25 to 7.5%
Source: Accord Fintech
2024-08-01 12:21:48 pm
Rs 37,000 crore investment plan to boost innovation, create jobs: Anand Mahindra The Rs 37,000 crore investment plan of Mahindra & Mahindra (M&M) over the next three years is a testament to our commitment to boost growth, innovation and job creation in the country, Mahindra Group Chairman, Anand Mahindra, said. Urging the private sector to utilise the government’s employment-linked schemes, announced during the Union Budget 2024-2025, Anand Mahindra said that this approach will help create more jobs for the youth, especially the fresh talent coming out of...
Rs 37,000 crore investment plan to boost innovation, create jobs: Anand Mahindra
Rs 37,000 crore investment plan to boost innovation, create jobs: Anand Mahindra
Source: IANS
2024-08-01 10:36:06 am
Budget simplifies tax provisions, ensures fairness and equity: Revenue Secretary The Union Budget aims to simplify tax provisions and reduce complexity and disputes, while ensuring that those more capable bear a burden than the lesser, Revenue Secretary Sanjay Malhotra said here on Tuesday.   At a post-budget session at the leading industry chamber PHDCCI, Malhotra said the budget not only aims to adopt a collaborative, non-adversarial approach but also stimulate growth and employment, "with a significant shift from principal accounts to normative and presump...
Budget simplifies tax provisions, ensures fairness and equity: Revenue Secretary
Budget simplifies tax provisions, ensures fairness and equity: Revenue Secretary
Source: IANS
2024-07-31 10:17:26 am
India grants record over 1 lakh patents in FY24 to boost local innovation In a bid to boost innovation and modernise the industry, the Patent Office has granted a record 1,03,057 patents in the last fiscal (FY24), the Parliament was informed on Tuesday.   Union Minister of State for Commerce and Industry, Jitin Prasada, said that several steps have been taken by the government to further strengthen the Intellectual Property Rights (IPR) ecosystem in India. "Owing to fee concessions in patent applications, there has been a significant increase in Pat...
India grants record over 1 lakh patents in FY24 to boost local innovation
India grants record over 1 lakh patents in FY24 to boost local innovation
Source: IANS
2024-07-31 10:08:34 am