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The Ministry of Micro, Small and Medium Enterprises in India has mandated that all Central Public Sector Enterprises must utilize the Trade Receivables Discounting System (TReDS) for settling invoices with MSMEs, aiming to enhance payment speed and working capital access for millions of suppliers. This measure is part of the
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Union Minister for Micro, Small and Medium Enterprises, Shri Jitan Ram Manjhi, visited Puducherry to assess the implementation of flagship MSME schemes and urged banks to enhance credit access for MSMEs. His visit included interactions at the MSME Technology Centre and MSME Testing Station, aiming to strengthen the MSME ecosystem
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The Quality Council of India (QCI) and the National Small Industries Corporation (NSIC) have entered into a Memorandum of Understanding (MoU) to bolster quality standards, competitiveness, and market access for Micro, Small and Medium Enterprises (MSMEs). The partnership aims to implement various initiatives, including the integration of ZED certification and
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The Government of India is spearheading comprehensive initiatives to bolster Micro, Small, and Medium Enterprises (MSMEs), which contribute significantly to the country's GDP, exports, and employment. Efforts focus on formalizing micro enterprises, improving access to finance, and leveraging digital platforms to enhance market access. These measures aim to
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The Ministry of Micro, Small & Medium Enterprises (MSME) in India has successfully trained over 2,500 artisans under the PM Vishwakarma Scheme to use Artificial Intelligence tools to enhance their business capabilities. This effort aims to integrate grassroots artisans into the evolving AI ecosystem, promoting economic growth and digital
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The Ministry of Micro, Small, and Medium Enterprises (MSME) has partnered with NICDC Logistics Data Services Limited (NLDS) to enhance logistics efficiency and develop a data-driven ecosystem. This collaboration aims to establish a digital framework for data exchange, offering real-time logistics insights to empower MSMEs, reduce inefficiencies, and improve competitiveness.
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The Ministry of Micro, Small and Medium Enterprises (MoMSME) has introduced the Trade Enablement and Marketing (TEAM) Initiative as part of the Raising and Accelerating MSME Performance (RAMP) Programme. This initiative aims to enhance the digital marketing and e-commerce integration of Micro and Small Enterprises (MSEs) through the Open Network
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The Ministry of Micro, Small and Medium Enterprises (MSME) is bolstering entrepreneurship in India by using various programs. The Prime Minister's Employment Generation Programme (PMEGP), managed through the Khadi and Village Industries Commission (KVIC), aids new micro enterprises with financial assistance, facilitating employment opportunities for artisans and youth.
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The Ministry of Micro, Small and Medium Enterprises is executing the Micro and Small Enterprises Cluster Development Programme (MSE-CDP) in India, aiming to enhance the productivity and competitiveness of Micro and Small Enterprises. The initiative focuses on financial aid to establish Common Facility Centers and improve infrastructure. Since 2015-16, 242
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The Government has revised the Mutual Credit Guarantee Scheme for MSMEs to align with the Budget 2025-26, aiming to expand coverage, simplify compliance, and provide incentives for MSMEs, especially exporters. The scheme now includes the service sector, reduces required project costs, and extends guarantees up to 10 years. Source: Original
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The PM Vishwakarma Exhibition-cum-Fair, organized by the Ministry of Micro, Small & Medium Enterprises, took place at Bangia Samaj Bhavan in New Delhi. With participation from over 50 artisans, the three-day event aimed to highlight traditional craftsmanship while offering insights on e-market and branding. Source: Original Link
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The National Small Industries Corporation (NSIC) celebrated its 71st Foundation Day, emphasizing its continued support for India's MSME sector and aligning with the Atmanirbhar Bharat vision. Source: Original Link