MSME
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Opportunity India Desk Jan 14, 2025 - 3 min readStratefix Consulting, a prominent firm transformation agency, has established a strategic collaboration with Skmei, a global leader in watches and accessories. This collaboration seeks to streamline Skmei's sales and operational procedures, resulting in seamless growth and a stronger brand presence in India. The alliance ...
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Opportunity India Desk Jan 13, 2025 - 2 min readDespite the presence of numerous public and private banks across India, Micro, Small, and Medium Enterprises (MSMEs) continue to face significant hurdles in securing funding, with high interest rates and limited capital availability remaining major obstacles, according to Subhasri Sriram, Managing Director of Shriram Group. Sriram made these remarks during the Chennai ...
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Opportunity India Desk Jan 11, 2025 - 2 min readThe Department for Promotion of Industry and Internal Trade (DPIIT) recently convened a meeting with 75 Alternate Investment Funds (AIFs) supported by the government’s Fund of Funds Scheme (FFS). The discussion centered on capital mobilization for startups and fostering a robust startup ecosystem in every district of India by 2025. Since the launch ...
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Opportunity India Desk Jan 10, 2025 - 2 min readThe Government of India is set to introduce a new credit guarantee scheme for the Micro, Small, and Medium Enterprises (MSMEs) sector, offering loans of up to ₹100 crore without collateral. The initiative, aimed at strengthening the backbone of India’s economy, was announced by Financial Services Secretary M Nagaraju on Thursday during the ...
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Opportunity India Desk Jan 09, 2025 - 2 min readThe Reserve Bank Innovation Hub (RBIH), the innovation arm of the Reserve Bank of India (RBI), has announced a partnership with IIMA Ventures, the startup incubator of IIM Ahmedabad, to launch the latest cohort of its Swanari TechSprint 3.0 program. The initiative aims to support fintech startups in developing solutions that address the ...
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Opportunity India Desk Jan 06, 2025 - 2 min readPunjab & Sind Bank, a state-owned financial institution, is gearing up to launch an instant loan scheme for the Micro, Small, and Medium Enterprises (MSME) sector later this month. The scheme, with a loan cap of up to ₹25 lakh, aims to boost credit disbursement through the bank’s digital platform, according to ...
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Opportunity India Desk Dec 26, 2024 - 1 min readIndustry associations have urged the government to simplify the registration process on the GeM portal and expand its reach to international markets in the upcoming Union Budget 2025. They have also recommended the establishment of a single-window system for obtaining licenses and permits. Additionally, the associations are advocating for technological support to help ...
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TFW Bureau Dec 26, 2024 - 2 min readThe Indian Small Business & Franchise Association (ISFA) and The Association of Franchise and Trademarks Services (TAGMOA) - UAE have entered into a strategic partnership by signing a Memorandum of Understanding (MoU) aimed at fostering the growth and sustainability of MSMEs, particularly focusing on the new startup ecosystem and the rapidly growing retail sector, through ...
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Opportunity India Desk Dec 24, 2024 - 3 min readIndia's MSMEs have seen exceptional development in exports, increasing from ₹3.95 lakh crore in 2020-21 to ₹12.39 lakh crore in 2024-25. This astonishing rise highlights the essential role of MSMEs in strengthening the Indian economy and broadening the country's global trade footprint. The number of exporting MSMEs increased significantly, rising from 52,849 ...
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Opportunity India Desk Dec 03, 2024 - 3 min readThe 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 ...