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The Latest Breaking News from MSME

Yogi govt distributes loans of over Rs 6 lakh crore so far to boost MSME sector in UP

The Yogi government has distributed loans totaling Rs 6,55,684 crore in the last six and a half years to boost the Micro, Small and Medium Enterprises (MSME) sector in Uttar Pradesh, Read Further on Dynamite News

Dynamite News

More than 1 crore informal MSMEs brought into formal sector, says official

Government emphasises need to create financial literacy & awareness of schemes for MSMEs growth.

The Hindu

MSMEs complain about repeated flooding, Minister says he will hold meeting with them

MSMEs in Chennai and its surrounding districts suffer from flooding in industrial estates, with little done to address the issue. Losses of ₹30-160 crore have been reported, and the government is holding meetings with insurance firms and bankers to help. Solutions are needed to prevent further losses.

The Hindu

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Industries slowly resume operations, MSMEs continue to stay away from work

MSMEs in Chennai and surrounding regions remain closed due to flooding. Many factories operated with 50% workforce as workers in flood-affected areas could not commute. TN Small & Tiny Industries Association requested assistance from CM as losses run into crores. Automobile firms resumed ops, offering 50% discount on insurance claims.…

The Hindu

MSME vendor development programme: Experts call for greater industry-academia collaboration

MSMEs urged to collaborate with academia to produce industry-ready engineers; customer-centric business model stressed for growth; MSMEs should focus on export to benchmark against world's best. #MSMEs #Academia #Industry #Customer-Centric #Export #Growth

The Hindu

Tangedco to not collect peak hour charges from MSMEs till installation of smart meters

Tamil Nadu MSMEs to receive ₹196.1 crore subsidy from Tangedco for non-collection of peak hour charges till smart meters are installed. Fixed charges increased by 430%, network charges levied for rooftop solar energy systems. MSMEs protesting, forming human chains on Dec 4. Open-end spinning mills on strike since Nov 7,…

The Hindu

How a climate-proofed MSME sector can drive Tamil Nadu’s EV leadership

The Hindu

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Power cuts will hit MSMEs’ domestic, exports delivery commitments: trade bodies

MSMEs in Karnataka face bleak outlook due to power cuts; trade bodies urge govt. to buy additional power & promote renewable energy to reduce burden on main grids.

The Hindu

MSMEs continue their protest against electricity tariff, submit petition to District Collectors

MSMEs in TN protest hike in electricity charges, submit rep to District Collectors. Thousands hoist black flags. Demands incl. withdrawal of hike in fixed charges, removal of peak hour & network charges, revocation of multi-year tariff. 210 petitions submitted in Tiruchi. Fast in Chennai on Oct 16 if demands not…

The Hindu

AIADMK flags MSME strike against power tariff hike in Assembly

AIADMK raises issue of MSMEs striking over electricity tariff hikes in TN Assembly. Speaker M. Appavu says 10 legislators have given notices on the issue, to be taken up on Tuesday. Electricity Minister Thangam Thennarasu to give reply to concerns.

The Hindu

MSMEs in Tamil Nadu to continue protests against high power costs

MSMEs in Tamil Nadu will stage protests on October 4 against high power costs. Talks with Tamil Nadu government on September 29 did not yield results.

The Hindu

MSME Minister holds discussions on issues pertaining to electricity charges

MSME Minister T.M.Anbarasan and Industries Minister T.R.B.Rajaa held talks with stakeholders from the MSME sector in Chennai to discuss electricity charges. J. James, co-ordinator of TN Industrial Electricity Consumers Association, said Ministers will respond in three days. Industries Secretary V.Arun Roy said Ministers will take the issue to the CM.…

The Hindu

Here are the big stories from Tamil Nadu today

AIADMK severs ties with BJP, MSMEs in TN strike against high electricity cost, NTCA probe into 10 tiger deaths in Nilgiris. AIADMK's decision to end alliance with BJP due to defaming of icons & criticism of policies. MSMEs' strike led to ₹1000 cr loss, hunger protest planned for Oct 14.…

The Hindu

MSMEs suspended operations pressing for demands

MSMEs in Tiruchi suspended ops Mon as part of State-wide stir to press for withdrawal of hike in fixed power & peak hour charges. Fabrication units participated in strike. Cost of production up due to hike in power charges. Strike near total in Tiruchi district. Govt to meet industries assoc.…

The Hindu

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Dynamite News

Indian Navy gets 3rd missile-cum-ammunition barge

The Third Missile Cum Ammunition (MCA) Barge, Yard 77 (LSAM 9) was launched by Cmde G Ravi, Warship Production Superintendent (Visakhapatnam), on September 22 at Guttenadeevi, East Godavari, Andhra Pradesh (the launch site of M/s SECON), Ministry of Defence said in a statement. Read further on Dynamite News:

The Hindu

MSMEs in Tamil Nadu to go on strike on September 25

MSMEs in TN to shut on Mon, demand govt withdraw hike in fixed power charges. 165 associations to take part, resulting in loss of work for 3 cr labourers. Revenue loss to govt estimated at ₹1,200 cr. 7-point demand includes extending electricity connection to cottage & micro industries, permitting industries…

The Hindu

CII’s session on MSME empowerment in Mysuru on September 1

CII Mysuru is organising a session to empower MSMEs with simplified finance solutions. Key topics include current business environment, innovative financing, government schemes, success stories, and access to finance. Speakers from various industries will provide valuable insights to MSMEs. Event offers opportunity to connect, learn, and network. Register now!

The Hindu

‘Financial literacy absent among most MSMEs in Karnataka’

Financial literacy is literally absent in a majority of Micro, Small and Medium Enterprises (MSMEs) in Karnataka, said C.A. Shashidhara Shetty, president, Karnataka Small Scale Industries Association (KASSIA).

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The Hindu

Report suggests cluster approach to decarbonise MSMEs, experts point out the need for MSME policy for energy efficiency

Industrial sector highest energy consumer in Karnataka; BEE, KREDL release 'Karnataka State Energy Efficiency Action Plan'. Plan suggests cluster-wise approach for MSMEs, potential energy savings of 0.02-0.05 MTOE by 2031. Report suggests energy-efficient IGBT-based induction furnaces, coating on kilns, PAT scheme & Green Hydrogen for DCs for energy savings of…

Dynamite News

MSME influencers forum launched to promote small & medium units growth

An MSME influencer forum has been launched to promote micro, small and medium enterprises and raise awareness about various government schemes to boost their growth. Read further on Dynamite News:

The Hindu

Mizoram created 30,000 job opportunities in five years: MSME study

A study by medium small and micro enterprise Export Promotion Counci & Confederation of Organic Food Producers & Marketing Agencies revealed that projects worth ₹7,118 crore were announced & ₹320 crore completed. Per capita income in 2021-22 was ₹1,75,896. MSME should be encouraged for employment generation and value-addition of locally…

The Hindu

Ensure MSME units that have been sanctioned commence operations soon, A.P. Chief Secretary tells officials

Chief Secretary K.S. Jawahar Reddy instructed Ind. Dept. to ensure MSME units sanctioned by govt. become operational, submit report on units operational in last 4.5 yrs. He asked Collectors to track projects, suggested a procurement portal & fast-track MSME tech. centres in Visakhapatnam, Guntur & Kopparthy.

The Hindu

‘Schedule M compliance to be made mandatory for MSME pharma firms soon’: Mandaviya

Aimed at ensuring robust quality of pharma products, the Union Minister of Chemicals and Fertilizers Mansukh Mandaviya has directed regulatory authorities to conduct risk-based inspection and audit of manufacturing plants.

The Hindu

Raja Lakhamgouda Law College organises special lecture in Belagavi

Karnataka Law Society’s Raja Lakhamgouda Law College, Belagavi, organised a special lecture on ‘Entrepreneurship development’.

Bangkok Post

Empowering MSMEs to embrace circular economy

Mark Sultan Gersava was a peace development worker from Mindanao, the Philippines, who decided to act on what he saw as a critical challenge: transforming his ordinary products to become environmentally friendly to help mitigate the effect of climate change while empowering his local community with sustainable and long-term livelihoods.

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