New Delhi, Aug 3 (KNN) The Small Industries Development Bank of India (SIDBI) has significantly increased its direct lending to micro, small and medium enterprises (MSMEs) over the past five years, the Finance Ministry said. In a written reply in the Lok Sabha, Finance Minister Nirmala Sitharaman noted that directContinue Reading
New Delhi, Aug 1 (KNN) The Reserve Bank of India (RBI) has issued revised guidelines allowing banks to offer different interest rates on bulk deposits based on their liquidity risk. At the same time, the central bank has strengthened disclosure requirements to improve transparency in deposit pricing. The new rulesContinue Reading
New Delhi, Aug 1 (KNN) The Reserve Bank of India (RBI) on Saturday said its concessional swap facility has attracted foreign exchange inflows of USD 40.82 billion as of July 31, 2026. The facility, introduced to encourage capital inflows and support the balance of payments, has seen strong and steadyContinue Reading
Chandigarh, Jul 30 (KNN) The Haryana government unveils a new MSME and Export Promotion Policy aiming at attracting over Rs 55,000 crore in manufacturing investment, creating more than 5 lakh jobs and doubling exports over the next five years. Approved under the leadership of Chief Minister Nayab Singh Saini, the policyContinue Reading
New Delhi, Jul 31 (KNN) India is accelerating its industrial strategy across semiconductors, electronics, commercial space, green mobility, rare earths, shipbuilding and coal gasification to reduce import dependence, strengthen domestic manufacturing and build resilient supply chains, according to the July Monthly Economic Review. The review said strategic manufacturing initiatives gainedContinue Reading
New Delhi, Jul 31 (KNN) Central ministries and Central Public Sector Enterprises (CPSEs) procured goods and services worth Rs 1.16 lakh crore from micro and small enterprises (MSEs) during FY 2025-26, accounting for 49.04 percent of their total procurement, the government informed the Lok Sabha. According to data available onContinue Reading
New Delhi, Jul 31 (KNN) The Government is promoting the adoption of artificial intelligence (AI) and digital technologies among MSMEs through the IndiaAI Mission, which has an approved outlay of Rs 10,371.92 crore. The information was given by Union Minister of State for MSME Shobha Karandlaje in a written replyContinue Reading
