MSME

MSME

Government proposed Comprehensive Boost for MSME Sector in Budget 2024-25

Opportunity India Desk Dec 03, 2024 - 3 min read

The Ministry of Micro, Small, and Medium Enterprises (MSME) has implemented a number of plans and initiatives aimed at strengthening the MSME sector across the country. These include the Prime Minister's Employment Generation Programme, the Credit Guarantee Scheme for Micro and Small Businesses, the Micro and Small Enterprises Cluster Development Programme, and the ...

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MSME

MSME Ministry Allocates ₹13,554 Crore for PMEGP Expansion Over Five Years

Opportunity India Desk Dec 03, 2024 - 2 min read

The Ministry of Micro, Small, and Medium Enterprises (MSME) has been implementing the Prime Minister’s Employment Generation Programme (PMEGP), a credit-linked subsidy scheme, since 2008-09. Aimed at generating employment opportunities across the country, including Uttarakhand, the programme facilitates the establishment of microenterprises in the non-farm sector. The Khadi and Village Industries Commission (KVIC) ...

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MSME

SCBs Report ₹1.25 Lakh Crore MSME NPAs Amid Rising Sector Concerns

Opportunity India Desk Nov 26, 2024 - 2 min read

As of March 31, 2024, scheduled commercial banks (SCBs) owed ₹28.04 lakh crore to the MSME sector. According to Minister of State for Finance Pankaj Chaudhary's recent address in the Lok Sabha, ₹1.25 lakh crore were classified as non-performing assets (NPAs), resulting in a gross NPA ratio of 4.46%, compared to 2.74% for ...

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MSME

Andhra Pradesh Prepares for Business Expo 2024 to Boost MSMEs and Entrepreneurs

Opportunity India Desk Nov 08, 2024 - 2 min read

In a bold effort to reshape Andhra Pradesh's economic environment, Chief Minister N. Chandrababu Naidu has set a high goal: to nurture an entrepreneur in every household and attain a 15% annual growth rate, bridging the state's gap with leading economies throughout India. Kondapalli Srinivas, Minister for Micro, Small, and Medium Enterprises (MSME) ...

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MSME

Boosting MSMEs: Tamil Nadu Allocates INR 5.94 Crore to Expand Global Market Access

Opportunity India Desk Nov 08, 2024 - 2 min read

T.M. Anbarasan, Minister for MSME and Rural Industries, recently opened a large international buyer-seller meeting, which highlighted Tamil Nadu's Micro, Small, and Medium Enterprises (MSME) sector. On Thursday, the district hosted an event that brought together 28 buyers from 14 countries, including Germany, Japan, the United States, Malaysia, and Egypt, as well as ...

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MSME

Revolutionising Restroom Management: Sprint6 Leads the Way in Smart, Sustainable Solutions

Opportunity India Desk Sep 18, 2024 - 5 min read

In an era where hygiene, efficiency, and sustainability are more important than ever, Sprint6 Specialised Services Pvt. Ltd. is at the forefront of transforming restroom facilities across South India. Established in 2020, the company has quickly become a leader in the smart restroom construction and remodelling sector. Combining cutting-edge technology with over ...

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MSME

TSUV's partnerships with the Government and Startup bodies under Building Bharat

Opportunity India Desk Sep 04, 2024 - 8 min read

The motivation behind starting The StepUp Ventures (TSUV) stemmed from a deep-rooted passion for fostering innovation and entrepreneurship in India. The founders observed a significant gap in the support system for entrepreneurs representing Bharat from underserved communities, particularly in providing comprehensive guidance and resources needed to transform innovative ideas into successful businesses. They ...

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MSME

Mintobay Redefines Fashion by Bringing Global Trends to Indian Market the Fastest

Opportunity India Desk Sep 02, 2024 - 4 min read

Puneet Bajaj, Founder and CEO of Mintobay, reveals that the driving force behind the company's rapid growth is its unique approach to merging global fashion trends with accessibility and sustainability. Bringing Global Fashion to Your Doorstep Mintobay, a trailblazer in the direct-to-consumer (D2C) fashion space, is carving out ...

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MSME

WEP and TransUnion CIBIL Partner to Launch SEHER, Empower Women Entrepreneurs

Opportunity India Desk Jul 08, 2024 - 5 min read

The Women Entrepreneurship Platform (WEP) has partnered with the TransUnion CIBIL to launch SEHER, a credit education program last week. SEHER will empower women entrepreneurs in India with financial literacy content and business skills, helping them to access the financial tools they need to drive further growth and create employment in the country’s ...

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MSME

Challenges and Opportunities for NBFCs in Supporting Women-led MSMEs

Opportunity India Desk Jul 08, 2024 - 3 min read

India’s Micro, Small, and Medium Enterprises (MSMEs), the second largest sector after China, are bound to grow exponentially in the upcoming years. The constantly expanding landscape is being shaped by various key trends that present opportunities and challenges. Women-leading Micro, Small, and Medium Enterprises are critical for growth and job creation in the country but ...

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