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The Latest Breaking News from MSMEs

BRICS nations discuss technology access, innovation support for MSMEs under India's chairship

India's leadership in this working group highlights a commitment to fostering resilient and competitive MSME sectors across BRICS economies.

The Economic Times

FM asks lenders to go beyond standard loans, design credit repayments around biz cycles

Finance Minister Nirmala Sitharaman has called on banks to move beyond standard loan products. She emphasized the need for repayment structures that align with the specific income cycles of different businesses. This initiative aims to provide tailored credit solutions for MSMEs, supporting their growth and contributing to a stronger middle…

The Economic Times

MSMEs will drive Andhra's economic shift: CM Naidu

The state aims to create 100 unicorns and support women entrepreneurs, with initiatives including startup promotion and strengthening industrial infrastructure.

The Economic Times

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PFRDA sets up panel to look at adding more asset classes for better returns

PFRDA is exploring new asset classes to boost long-term, stable returns for National Pension System subscribers, aiming to avoid market volatility. The regulator is also considering a Minimum Assured Pension plan and a Unified Pension Scheme for the private sector, while actively engaging farmers, MSMEs, and SHG groups to promote…

The Economic Times

US team may visit India next month for trade talks: Piyush Goyal

American trade officials are expected in India next month for crucial trade discussions. This visit follows recent US investments exceeding sixty billion dollars. India and the US are strengthening their partnership in technology, defense, and energy. Both nations aim to build resilient supply chains. Indian businesses are encouraged to support…

The Economic Times

Private, govt banks pledge full support to ECLGS 5.0

Banks are fully supporting the new Emergency Credit Line Guarantee Scheme 5.0. This scheme aims to help businesses facing challenges due to the West Asia conflict. Government officials highlighted its importance for MSMEs in Maharashtra. The scheme provides working capital support. A digital portal simplifies loan applications. This initiative will…

The Economic Times

Relief now, risk later? ECLGS 5.0 aims to ease MSME stress, industry flags risks in moratorium terms

ECLGS 5.0 is meant to cushion MSMEs from the impact of the US-Iran war, but will it really help small businesses, industry questions.

The Economic Times

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Beyond wage protest: Bureaucracy, compliance burden strain Noida-Greater Noida MSMEs

Industry stakeholders say legacy bureaucratic systems and entrenched administrative practices are undermining MSMEs’ momentum in the region.

The Economic Times

The Rise of Micro-Entrepreneurs: How Direct Selling Is Reshaping the Future of Work

A global surge in digital micro-entrepreneurs is reshaping the future of work, with direct selling, mobile technology, and AI empowering millions to build independent, flexible income streams across emerging markets.

International Business Times

Unorganised sector contracted 0.2 pc since FY16, claims Jairam Ramesh citing India Ratings report

"Unorganised sector contributes 44+% to India's Gross Value Added (GVA). The unorganised sector grew at 7.4% Compound Annual Growth Rate (CAGR) between FY11 and FY16, but has suffered an average yearly contraction of 0.2% since then," the senior Congress leader said. Read further on Dynamite News:

Dynamite News

Former IRS officer sees big scope for ‘MSMEs revolution’ in Chittoor

Former IRS officer and TDP candidate Daggumalla Prasada Rao envisions Chittoor as a thriving hub for MSMEs and agricultural development.

The Hindu

A bag full of wishes: Ahead of the Lok Sabha polls T.N. voters look for fulfillment of multiple demands

Tamil Nadu's key election issues include Cauvery water, farm profits, power tariffs, AIIMS, NEET, and industrial challenges.

The Hindu

The never-ending woes of MSMEs in Tamil Nadu

MSMEs in Tamil Nadu demand government support for relief, infrastructure, and taxation reforms to revive the struggling sector.

The Hindu

Centific, nStore and SASTRA team up to provide supply chain solutions to MSMEs

The global digital solutions provider, Centific teamed up with nStore and SASTRA University to revolutionise the global supply chain landscape for micro, small and medium enterprises (MSME) leveraging the Open Network for Digital Commerce (ONDC)

The Hindu

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The Hindu

Medtronic opens expanded R&D facility in Hyderabad, to ramp up hiring

Medtronic expands Engineering and Innovation Center in Hyderabad, investing over $350 million to shape future healthcare technologies.

The Hindu

IIT Madras, Walmart to help MSMEs with AI, IoT

IIT Madras and Walmart collaborate to train MSMEs in AI and IoT technology for sustainable growth.

The Hindu

Powerloom weavers in Salem and Erode to go on strike on February 28 to protest I-T rules amendment

Powerloom weavers in the major weaving clusters in Tamil Nadu will go on strike on Feb 28 against the recent amendment to Income Tax rules

Dynamite News

"BrahMos will be our primary weapon now," says Navy Chief after Rs 19,000 crore deal cleared by Center

Indian Navy Chief Admiral R Hari Kumar on Monday said that the Brahmos supersonic cruise missile will be the primary weapon of the Indian Navy, replacing the old missile system acquired from other countries. Read further on Dynamite News:

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The Hindu

Power bills: CESC asked to give rebate to MSMEs

MYSURUKERC Chairman asks CESC to extend power bill rebate for MSMEs, warns of penalties if not provided.

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

Cyclone Michaung | MSMEs in Chennai seek time to repay loans, electricity charges

MSMEs need time to pay electricity charges & moratorium on loans. TN govt should include losses in relief fund & find permanent solution for estates. Tangedco has given time till Dec 18, & human chain protest planned for Dec 12 now on Dec 27. #MSMEs #TNGovt #Tangedco #ElectricityCharges #Moratorium #ReliefFund

The Hindu

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

Networking charges for rooftop solar energy panels discourage investments, say industries

Industries in Coimbatore say networking charges for rooftop solar energy discourage investments. Tangedco collects Rs. 1/unit from HT consumers, while MSMEs recently got a 50% reduction. 6,000 MW of solar energy installed in TN, with 1,000 MW added yearly. MSMEs want nil charges for rooftop solar, but HT consumers have…

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,…

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