The Ministry of Micro, Small and Medium Enterprises (MSME) implements the Credit Guarantee Scheme (CGS) for Micro Small Enterprises (MSEs) through the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE). Union Minister of State for MSME, Shobha Karandlaje, informed this in Lok Sabha as a written reply toContinue 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
The All India Importers and Exporter’ Association has expressed deep concern over inequitable treatment of MSME exporters operating under the Duty-Free Import Authorisation (DFIA) scheme. The Association said DFIA exporters are being discriminated in comparison with exporters operating under similar export promotion schemes such as Advance Authorisation (Advance Licence), SpecialContinue Reading
The downturn comes amid a backdrop of volatile trading in energy markets, where fears about prolonged conflict in the Middle East — particularly involving Iran and the disruption of key shipping routes like the Strait of Hormuz — have kept a risk premium baked into prices. Still, intermittent reports ofContinue Reading
Godrej Finance has launched Supply Chain Finance (SCF) business, involving both payables and receivables financing, in a bid to expand its MSME lending franchise. The company, which is a subsidiary of Godrej Capital, aims to build a ₹6,000 crore SCF portfolio over the next 5 years, with the business expectedContinue Reading
Union Minister Jitan Ram Manjhi | Photo Credit: ANI Union MSME Minister Jitan Ram Manjhi urged banks to facilitate greater access to institutional credit for micro, small and medium enterprises and called upon all stakeholders to ensure effective implementation of government initiatives for the sector growth. The minister visited PuducherryContinue Reading
India is sharpening its focus on turning small businesses into global players, with a fresh set of policy moves aimed at integrating Micro, Small and Medium Enterprises (MSMEs) into international supply chains. At the core of this strategy is a shift from domestic support to export-driven growth. The government hasContinue Reading
