MSMEs

Here’s What Indian Stock Market Dipping 1,064.12 Points Means For Businesses

17 Dec 2024

On Tuesday India's trade deficit surged to a record high affecting investor sentiment. The stock market ended deep in the red, with benchmark indices witnessing sharp declines amid concerns over weak trade data and a surging trade deficit. The Sensex plunged 1,064.12 points, or 1.3 per cent, to close at...

Projected Economic Transformation: Services and Manufacturing to Contribute 75% of GDP by 2047

29 Nov 2024

India's manufacturing and services sectors are projected to play a pivotal role in the country's economic transformation, employing 67% of the workforce and contributing over 75% to the Gross Domestic Product (GDP) by 2047, according to a recent report by ASSOCHAM and Egrow. The report highlights significant opportunities for businesses...

Boosting MSMEs And Ensuring Balanced Growth, Say Banking Leaders

23 Jul 2024

New Delhi: Finance Minister Nirmala Sitharaman presented the Union Budget 2024 on Tuesday, highlighting the Modi govt 3.0’s priorities across multiple sectors. Banking leaders express optimism over the Union Budget 2024's focus on MSMEs, agriculture, skill development, and regional development, highlighting positive impacts on credit accessibility, employment, and economic growth....

Budget 2024 Boosts Real Estate For Urban Poor, Middle-Class

23 Jul 2024

The Union Budget 2024, presented by Finance Minister Nirmala Sitharaman on Tuesday, introduces significant measures aimed at rejuvenating the real estate sector with a particular focus on benefiting the urban poor and middle class. The budget outlines a series of initiatives and financial allocations designed to make housing more affordable...

SBI Research Advocates Separate PLI Scheme For MSMEs

08 Jul 2024

Recognizing the pivotal role of MSMEs, SBI Research has called for a dedicated Production Linked Incentive (PLI) scheme tailored to their specific needs. Such a scheme could enhance their sectoral contributions and promote broader economic growth in industries like textiles, garments, food processing, electronics, and more. The PLI scheme has...

SBI Rolls Out Online Quick Loan Solution For MSMEs

01 Jul 2024

State Bank of India (SBI) has introduced a digital business loans solution via the web for MSMEs' Invoice Financing, aiming to expedite MSME loans. Named "MSME Sahaj - End to End Digital Invoice Financing," this solution has been developed to handle loan applications, documentation, and disbursement of sanctioned loans within...

Budget 2023: FM Sitharaman revamps credit guarantee scheme with Rs 9,000 crore in corpus for MSMEs

01 Feb 2023

To help MSME's in India, finance minister Nirmala Sitharaman announced a revamped credit guarantee scheme for MSMEs that will go into effect on April 1 of this year. This could result in a Rs 9,000 crore infusion into the corpus. The government proposed a special focus on the Micro, Small,...