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The Government of India has approved amendments to the Khadi and Village Industries Commission (KVIC) Act, 1956 to modernize the KVI sector. These changes aim to align the Act with current rural development policies, support inclusivity, and enhance the competitiveness of village industries in domestic and global markets. The amendments
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Union Minister Jitan Ram Manjhi led a high-level meeting to address potential challenges from the West Asia crisis impacting the Micro, Small and Medium Enterprises (MSME) sector in India. The meeting reviewed disruptions in raw materials, supply chains, and evaluated strategies to uphold the sector's resilience. The Government
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The Union Minister for Micro, Small and Medium Enterprises, Shri Jitan Ram Manjhi, directed the Ministry to create strategies to protect the MSME sector from potential impacts due to West Asia's geopolitical situation. The meeting reviewed several challenges, including supply chain disruptions, raw material costs, and financial concerns,
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The Ministry of Food Processing Industries reported no operational challenges for Production Linked Incentive Scheme for Food Processing Industries (PLISFPI) approved units. The scheme fosters MSME participation and technological advancement, resulting in a 35 lakh MT/year food processing capacity and creating 3.39 lakh jobs. Source: Original Link
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Union Minister of Commerce and Industry, Shri Piyush Goyal, announced the India–New Zealand Free Trade Agreement (FTA), the seventh under Prime Minister Narendra Modi, signaling a strategic shift towards developed economy partnerships. This FTA, alongside financial support from public and private banks, aims to bolster India's MSME
Lok Sabha
Lok Sabha Speaker Shri Om Birla emphasized India's potential as a global leader during the inauguration of ALUMEX India 2025. He highlighted the significance of the MSME sector and startups as key assets, and the role of aluminium in promoting green growth and clean energy. Birla expressed confidence