MSME

MSME

Sitharaman pushes for increased direct finance to MSMEs through SIDBI

Opportunity India Desk Oct 05, 2023 - 2 min read

Finance Minister Nirmala Sitharaman has underlined the need to increase SIDBI's direct finance share for MSMEs to address their growing capital requirements. She also inaugurated a new branch of the Small Industries Development Bank of India (SIDBI) in Coimbatore. According to SIDBI, Sitharaman highlighted that while SIDBI primarily engaged in indirect ...

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Goa To Get INR 200 Crore Worth MSME Training Centre

Opportunity India Desk Oct 04, 2023 - 3 min read

A training centre will soon be established at the cost of INR 200 crore to support the micro, small, and medium enterprises (MSMEs) in Goa, which is home to over 400 registered startups, Chief Minister Pramod Sawant said. Citing a roadmap to support the sector, the Chief Minister said, “Our goal ...

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‘Khadi Mahotsav’ to boost sales, promote local products

Opportunity India Desk Oct 03, 2023 - 2 min read

Union Minister of Micro, Small and Medium Enterprises Narayan Rane has announced a month-long ‘Khadi Mahotsav’ while celebrating the 154th birth anniversary of Mahatma Gandhi. The Minister also flagged off the Khadi Yatra with an aim to support the ‘Vocal for Local’ initiative and the ‘Atmanirbhar Bharat’ campaign. The Union Minister highlighted ...

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‘ECLGS Extension Can Bolster MSMEs Amidst Global Demand Downturn’

Opportunity India Desk Oct 03, 2023 - 3 min read

The Federation of Indian Export Organisations (FIEO) has urged the central government to extend the benefits of the Emergency Credit Line Guarantee Scheme (ECLGS) for MSMEs till March 31, 2024. The exporters' body highlighted that certain MSME sectors are facing challenges because of reduced exports attributed to a global decline in demand.

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Cloud-Enabled SMEs Can Unlock INR 1.6 Trillion, Generate 45.9 Million Jobs By 2030

Opportunity India Desk Sep 29, 2023 - 3 min read

India’s small businesses could unlock up to INR 1.6 trillion in annual productivity gains and generate around 45.9 million jobs in the fields of education, healthcare, and agriculture by 2030. This can be achieved by leveraging cloud-enabled services, a report has claimed. Approximately 28 per cent of businesses across India currently ...

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Indian Navy To Display Innovations By MSME, Startups At Swavlamban 2.0 Seminar

Opportunity India Desk Sep 29, 2023 - 2 min read

The Indian Navy will display a wide range of homegrown and niche technologies during its second edition of Naval Innovation and Indigenisation (NIIO) Seminar—'Swavlamban 2023' at the Bharat Mandapam on October 4–5. The seminar will showcase 75 new technologies including ultra endurance swarm drones, fire fighting systems, blue-green lasers for underwater ...

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GeM Sahay 2.0: MSME Loan approval of INR 10 Lakh In 10 Minutes

Opportunity India Desk Sep 28, 2023 - 2 min read

In a significant move aimed at bolstering financial support for sellers registered on the Government e-Marketplace (GeM), the platform is gearing up to launch the second phase of its GeM Sahay initiative. This initiative is set to offer sellers access to loans, with coverage extending up to Rs 10 lakh. GeM CEO Prashant ...

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Investment Proposals Worth INR 3,500 Crore To Boost UP MSME, Job Sectors

Opportunity India Desk Sep 28, 2023 - 2 min read

Haryana Textile Association has expressed its desire to invest INR 2,000 crore in Uttar Pradesh. A delegation consisting of 21 members has announced plans to establish 50 industrial units in the initial phase, with this investment anticipated to generate job opportunities for more than 25,000 individuals, both directly and indirectly, within the state. ...

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Vivad Se Vishwas-I Scheme: Over 10,000 MSME claims worth INR 256 Cr For Refunds Okayed

Opportunity India Desk Sep 26, 2023 - 3 min read

The government has approved more than 10,000 claims of MSMEs under Vivad se Vishwas - I scheme aimed at providing relief to MSMEs for the Covid 19 Pandemic period. The claims involve refunds of INR 256 crore. Under the scheme, micro, small, and medium enterprises could claim a refund of 95 per cent ...

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UP Int’l Trade Show: Over 75,000 B2B Export Orders Placed

Opportunity India Desk Sep 26, 2023 - 2 min read

The Uttar Pradesh International Trade Show (UPITS) concluded after five days of bustling activity, with exhibitors securing more than 75,000 Business-to-Business (B2B) export orders. Over 3,00,000 people, including B2B buyers, visited the fair at Greater Noida’s India Expo Mart and Centre. More than 300 women entrepreneurs participated in the trade show, ...

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