MSME

MSME

MSME: Udyam Portal Surpasses 15 Crore Jobs Milestone

Opportunity India Desk Nov 08, 2023 - 3 min read

The Udyam portal has recently reached a milestone with over 15 crore jobs reported by micro, small, and medium enterprises (MSMEs) registered on the platform. Out of this total, 3.06 crore registrations came directly through the portal, contributing 13.86 crore jobs, including 3.41 crore women employees. Additionally, 1.17 crore jobs were reported by ...

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G20 Presidency’s Focus On Integrating MSMEs Into Global Trade: Sitharaman

Opportunity India Desk Nov 07, 2023 - 3 min read

Finance Minister Nirmala Sitharaman has expressed the need for India to incorporate the results of its G20 presidency into its domestic policy formulation and set a leading example. She also stated that India has the potential to lead in the advancement of the "Jaipur Call for Action" during the upcoming virtual G20 Leaders’ ...

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MSME Credit Surges In Sept 2023, Over INR 21 Lakh Crore Allocated

Opportunity India Desk Nov 06, 2023 - 3 min read

Scheduled commercial banks extended INR 21.69 lakh crore in credit to micro, small, and medium enterprises (MSMEs) as part of priority sector lending in September 2023, an increase of 17.2 per cent compared to the INR 18.50 lakh crore deployed in September 2022, as per the Reserve Bank of India's (RBI) latest sectoral ...

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Govt Reserves 75% Of Defence Procurement Budget For Strengthening MSMEs: Rajnath Singh

Opportunity India Desk Nov 03, 2023 - 3 min read

In order to strengthen the country's micro, small, and medium enterprises and make them ‘Aatmanirbhar’ through purchases, the government has reserved 75 per cent of the defence capital acquisition budget, which amounts to nearly INR 1 lakh crore, said Defence Minister Rajnath Singh. The Minister highlighted various steps taken for the ...

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GeM Services Procurement Sees Nearly 8X Surge, Value To Reach INR 1.5 Trillion This Fiscal

Opportunity India Desk Nov 02, 2023 - 3 min read

The procurement of services from the Government e-Market (GeM) portal is anticipated to reach INR 1.5 lakh crore during this fiscal year, primarily driven by increased acquisitions by government ministries and departments. As per an announcement from the Ministry of Commerce, the value of services procured through GeM has witnessed a ...

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Over 80% Retailers Don’t See E-Commerce As Threat: Study

Opportunity India Desk Nov 02, 2023 - 4 min read

The e-commerce sector has been expanding significantly for the last few years. Going along with it was a notion pertaining to the threat to the offline market’s existence. A recent study has debunked that notion by claiming that more than 80 per cent of retailers do not view e-commerce as a threat to ...

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Mahindra Finance, SBI Forge Co-Lending Ties For MSMEs

Opportunity India Desk Nov 01, 2023 - 3 min read

Mahindra Finance, a prominent Non-Banking Finance Company (NBFC) and part of the Mahindra Group, has announced a strategic co-lending collaboration with the State Bank of India (SBI). The partnership, as disclosed in an official exchange filing, leverages the distribution capabilities of NBFCs and the cost-effective capital of banks, aiming to broaden access and ...

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Vishwakarma Portal Receives Over 10L Applications Within 50 Days Of Launch

Opportunity India Desk Oct 31, 2023 - 4 min read

The Prime Minister Vishwakarma Scheme, aimed at the upliftment of country’s artisans and craftspeople, has received more than 10 lakh applications in less than three months since its inception. The primary objective of the scheme was to revive the traditional art forms through skill development of artisans and craftsmen and involving modern technology ...

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PM SVANidhi Empowers Over 53 Lakh Street Vendors

Opportunity India Desk Oct 31, 2023 - 3 min read

A recent analysis conducted by the State Bank of India's economic research department (ERD) showed that 43 per cent of the PM SVANidhi scheme beneficiaries are women, indicating its positive influence on empowering entrepreneurial capabilities among urban women. Also, the study underscores that approximately 75 per cent of the loan recipients fall outside ...

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MSEs Get 6-Month Breather As Govt Rolls Out Quality Norms For Copper Products

Opportunity India Desk Oct 30, 2023 - 3 min read

The Ministry of Commerce, by notifying Quality Control Orders (QCOs) for copper products, drums, and tin containers, has extended the timelines for micro and small enterprises. An additional six months and three months have been provided for the implementation of QCOs for the respective sectors. The QCOs will become effective six months from ...

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