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The Economic Survey 2025-26 highlights the significance of Micro, Small, and Medium Enterprises (MSMEs) in India's industrial economy. Tabled by Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman, the survey shows that MSMEs contribute 35.4% to manufacturing, 48.58% to exports, and 31.1% to
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The Union Cabinet, chaired by Prime Minister Narendra Modi, has endorsed a Rs.5,000 crore equity infusion into the Small Industries Development Bank of India (SIDBI) to boost credit flow to the Micro, Small, and Medium Enterprises (MSMEs) sector. This support is aimed at enabling SIDBI to generate resources
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India is focusing on bioenergy solutions to decarbonize its Micro, Small, and Medium Enterprises (MSMEs) sector, with initiatives such as the National Bioenergy Programme supporting biomass-based technologies. Union Minister Shripad Yesso Naik emphasized bioenergy's strategic role at a workshop in collaboration with the German Agency for International Cooperation
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The Ministry of Food Processing Industries has reported that there are no operational challenges faced by the approved units under the Production Linked Incentive Scheme for Food Processing Industries (PLISFPI). The scheme encourages participation from micro, small, and medium enterprises (MSMEs), with 69 applicants and 40 contract manufacturers already part
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The Ministry of Micro, Small & Medium Enterprises (MSME) has announced the establishment of 9 new Technology Centres under the Technology Centre Systems Programme (TCSP). With an allocation of Rs. 200 crore for fiscal year 2025-26, these centres aim to provide training and skill development support to MSME entrepreneurs and
Ministry of Steel
The Ministry of Steel has suspended the enforcement of 55 Indian Standards under the Steel and Steel Products (Quality Control) Order, 2024, for three years and one year respectively, to support industry needs. This decision follows recommendations from the High-Level Committee on Non-Financial Regulatory Reforms, considering factors like pricing impacts,
SARAL SIMS
The Ministry of Steel has introduced 'SARAL SIMS' to simplify the registration process for small importers under the Steel Import Monitoring System (SIMS). This new facility allows importers to declare only the total intended quantity of steel imports, enabling them to import multiple consignments without needing a separate
Defence Production
India has achieved its highest-ever defence production of ₹1.54 lakh crore in FY 2024-25, with indigenous production reaching ₹1,27,434 crore, a 174% increase since 2014-15. The government aims for ₹3 lakh crore in defence manufacturing and ₹50,000 crore in exports by 2029, supported by policy reforms
Trade Intelligence Portal
Union Minister of Commerce and Industry, Shri Piyush Goyal, launched the Trade Intelligence & Analytics (TIA) Portal in New Delhi, aimed at enhancing transparency in trade data for stakeholders including importers, exporters, startups, and MSMEs. The portal provides access to vital trade insights and analytics, previously available only to larger
PLI Scheme
The 4th Round of the Production Linked Incentive (PLI) Scheme for White Goods has seen 13 companies apply with a total committed investment of Rs. 1,914 crore. Over 50% of the applicants are MSMEs, indicating a growing confidence in India's manufacturing sector. The investments will focus on
Export Promotion Mission
The Union Cabinet, led by Prime Minister Narendra Modi, has approved the Export Promotion Mission (EPM) to enhance India's export competitiveness, particularly for MSMEs and first-time exporters. With an outlay of Rs.25,060 crore from FY 2025–26 to FY 2030–31, EPM aims to consolidate fragmented
Export Promotion Mission
The Union Cabinet has approved the Export Promotion Mission (EPM) to enhance India's export competitiveness, particularly for MSMEs and first-time exporters. With an outlay of Rs.25,060 crore for FY 2025–26 to FY 2030–31, EPM aims to consolidate fragmented schemes into a single adaptive framework.