MSME

Indian MSMEs Generate Around 10 Crore Jobs in 15 Months

November 25, 2024

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 in just 15 months. The registered MSMEs have surged from 2.33 crore ..

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RBI expands scope of TReDS platform

February 10, 2023

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 receivables into liquid funds. The TReDS mainly addresses this issue. Trade receivable ..

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Punjab New Industrial and EV Policy

February 8, 2023

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 is launching since it came to power. The new Industrial policy will ..

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Framework to implement Vivad Se Vishwas-I

February 8, 2023

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 forfeited amounts (something like a fine) from companies that failed to oblige ..

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Ernakulam: First District to register 10,000 new MSMEs

January 31, 2023

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 to boost the development of the MSME sector in the state. The ..

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What is “Womaniya” initiative?

January 17, 2023

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 to various government ministries, departments, and institutions. The initiative aims to develop ..

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FIT Rank for MSMEs

December 23, 2022

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 a comprehensive ranking model that leverages the information obtained from GST, bank ..

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Self Reliant India (SRI) Fund

November 9, 2022

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 by the Indian Government. It is a SEBI-registered category-II Alternative Investment Fund ..

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Kerala’s Draft Industrial Policy

September 29, 2022

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 same year. The draft industrial policy focuses on upgradation of skills ..

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KVIC launches 72 units under PMEGP

September 17, 2022

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 Minister’s Employment Generation Programme (PMEGP) is a flagship scheme of the Union ..

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