Moradabad (Uttar Pradesh) [India], May 31: The Uttar Pradesh Small Industries Corporation (UPSIC), in collaboration with the India SME Forum, proudly announces the launch of the Uttar Pradesh Niryaat Vriddhi Abhiyaan (UPNVA) under the Raising and Accelerating MSME Performance (RAMP) scheme.
The MSME (Micro, Small and Medium Enterprises) sector is facing an addressable credit gap of around Rs 30 lakh crore, which is about 24 per cent of the total credit demand, according to a recent report by SIDBI (Small Industries Development Bank of India).
Lending by MSMEs witnessed robust growth in recent years, with Non-Banking Financial Companies (NBFCs) emerging as the front-runners, outpacing the growth rates of both private and public sector banks, according to CareEdge Ratings.
Alternative finances and digital lending are gaining pace for credits to the Micro, Small and Medium Enterprise (MSME) sector, shows data from a survey by the Small Industries Development Bank of India (SIDBI).
Union Commerce and Industry Minister Piyush Goyal held a comprehensive review meeting and assessed the performance of Invest India, the country's national investment promotion agency.
New Delhi [India], May 9: In India, Micro, Small, and Medium Enterprises (MSMEs) are often referred to as the backbone of the economy. However, this crucial sector faces persistent challenges such as lack of awareness, delayed payments, and limited access to government schemes. Addressing th
New Delhi [India], May 7: The Iconic Brand of the Year Award 2025 celebrates the achievements of MSME businesses from across India, recognizing their vital contributions to the nation's economic growth and their role in shaping the vision of Viksit Bharat. The 7th edition of this prestigious
Pune (Maharashtra) [India], May 6: Reaffirming its position as a frontrunner in India's fintech and digital commerce ecosystem, PayG, a leading homegrown payment gateway, has taken a transformative step by launching INSPIRE, an outreach programme designed to empower MSMEs and traders across
Sao Paulo [Brazil]/Singapore, April 28: Latin America and Southeast Asia, home to over one billion people, are emerging as global economic powerhouses -- driven by investments in infrastructure, middle-class expansion, and digital transformation. This is according to a report by Valor Capita
Prime Minister Narendra Modi on Saturday highlighted the government's announcement of the manufacturing mission in the Union Budget, noting that the initiative is aimed at promoting 'Make in India' and providing Indian youth the opportunity to create products that meet global standards.
New Delhi [India], April 12: In a bold move to accelerate the adoption of artificial intelligence among India's 65 million micro, small, and medium enterprises (MSMEs), Fixit, a fast-growing agentic AI platform, has secured a strategic investment from the Government of India, facilitated by
Mumbai (Maharashtra) [India], April 11: UGRO Capital Ltd., a leading DataTech NBFC focused on MSME lending, has released the 3rd MSME Sampark Report - a semi-annual report that is prepared in partnership with Dun & Bradstreet. The 3rd edition highlights that 64% of MSMEs have resumed act