India’s micro, small, and medium enterprises (MSMEs) have experienced remarkable growth recently. Official data from the Udhayam Portal reveals that they have generated nearly 10 crore new jobs...
The TReDS is Trade Receivables Discounting System. It facilitates finances for MSMEs. The major drawback of the MSME platform is that they are unable to convert the trade...
As the old Industrial Policy has come to an end, the Punjab Government is launching a new Industrial Policy. This is the first industrial policy the ruling government...
During COVID, the GoI had collected a forfeited amount. Forfeited means the loss of something. When someone fails to pay the money he owes, forfeiture occurs. GoI collected...
The Kerala Government launched the Enterprises Campaign during its 2022-23 budget. Also, the state government declared the financial year 2022-23 as the Year of Enterprises. This was done...
The Government e Marketplace (GeM) has launched a new initiative called “Womaniya on GeM” to empower women entrepreneurs and women self-help groups (WSHGs) to sell their products directly...
TransUnion CIBIL and Online PSB Loans Limited (OPL), under the mentorship of SIDBI, collaborated to launch the FIT Rank for MSMEs. What is FIT Rank? FIT Rank is...
The Indian Government’s Self Reliant India (SRI) Fund committed Rs.5,000 crore in a year. What is SRI Fund? Self Reliant India (SRI) Fund is Rs.10,000 crore fund launched...
Kerala recently unveiled a draft industrial policy. Key features The new industrial policy would be released in January 2023 and it will be effective from April 1 of...
The Union MSME minister Narayan Rane recently inaugurated 72 units assisted under the PMEGP and disbursed margin money subsidy to 720 PMEGP beneficiaries. What is PMEGP? The Prime...
