The Andhra Pradesh government has launched a ₹200-crore cluster development programme to strengthen the state’s Micro, Small and Medium Enterprises (MSMEs) and generate employment by fostering organised industrial clusters. Under this initiative, the government aims to develop 45 MSME clusters across the state, potentially creating around 7,032 direct jobs byContinue Reading
The Central Bank of India recently organised a large-scale credit outreach initiative to support Micro, Small and Medium Enterprises (MSMEs), sanctioning loans worth ₹127 crore in Narela, North Delhi. The event, held at the Shiv Mandir Agarwal Dharamshala in Purani Anaj Mandi, was part of a “Nationwide Mega MSME CreditContinue Reading
The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved significant increases in the Minimum Support Prices (MSP) for 14 Kharif crops for the 2026-27 marketing season, aiming to ensure better returns for farmers and encourage cropping diversity. Under the decision, the MSPs for allContinue Reading
The Government of India has now fully operationalised its new labour codes, a major reform consolidating 29 older labour laws into four unified codes covering wages, industrial relations, social security, and workplace safety. This overhaul is aimed at simplifying compliance, strengthening worker protections, and making it easier for businesses —Continue Reading
With disruptions in industrial gas supplies increasingly affecting small manufacturers and factory clusters across India, industry groups representing micro, small, and medium enterprises (MSMEs) are pressing the government for urgent financial relief to help firms stay afloat. The request centres on a moratorium of up to six months on existingContinue Reading
Credit growth in India’s banking system is expected to pick up pace in the coming fiscal year — but with an uneven pattern across segments. According to Surinder Kumar Thapar, a senior advisor at the Indian Banks Association, lenders are likely to see robust expansion in credit to the retailContinue Reading
India and the Republic of Korea have formalised a Memorandum of Understanding (MoU) to strengthen cooperation in the micro, small and medium enterprises (MSME) sector, marking a new phase in bilateral economic engagement between the two countries. This agreement was signed during the State Visit of South Korean President LeeContinue Reading
