Month: October 2024

The Pre-Packaged Insolvency Resolution Process (PPIRP) introduced in 2021 for Micro, Small, and Medium Enterprises (MSMEs) has shown limited success, according to the latest annual report by the Insolvency and Bankruptcy Board of India (IBBI). […]

The Konkan Maritime Cluster, Goa’s first dedicated MSME cluster, has received a much-needed push as the Directorate of Industries, Trade, and Commerce (DITC) has re-floated tenders to advance the project. This renewed effort aims to […]

Arka Fincap, the non-banking financial arm of the Kirloskar Group, has introduced a new small ticket loan product designed specifically for Micro, Small, and Medium Enterprises (MSMEs). This offering, named Uday, provides loans ranging from […]

The Ministry of Micro, Small, and Medium Enterprises (MSME) has introduced a 25% wage hike for spinners and a 7% increase for loom weavers, effective from October 2. This move was originally announced on September […]

Micro, small, and medium enterprises (MSMEs) in the Information Technology-enabled Services (ITeS) sector are poised for significant growth, with an expected increase of 7-9% in rupee terms to ₹4.2 trillion this financial year, according to […]

The Reserve Bank of India (RBI) recently released its data on sectoral deployment, revealing that bank credit provided to micro, small, and medium enterprises (MSMEs) under priority sector lending surged by 14.8% in August 2024 […]