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BIZARRE: Msmes | Mind Blowing Facts

EEPC India proposes separate MSME rating system for better funding and global competitiveness

EEPC India has urged the government to create a distinct rating system for MSMEs. This new approach would consider their size and operational specifics. Such a system aims to provide fair recognition, enable easier access to affordable loans, and boost their global market standing.

The Economic Times

Over 60% of pharma MSMEs yet to comply with updated manufacturing norms

Pharma industry officials say the revised Schedule M regulations could require Rs 10-15 crore per facility in upgrades, while talent shortages, funding constraints, and rising compliance costs pose challenges for smaller drug makers within the SME ecosystem..

The Economic Times

MSMEs to bear bigger hit than large firms from West Asia conflict: Crisil

The ongoing crisis in West Asia has struck a harsh chord for Indian small enterprises, leaving them vulnerable to significant setbacks. Anticipated decreases in production and revenue are creating a precarious balance for many, as mounting trade obstacles and rising expenditures apply further pressure on profits.

The Economic Times

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No Santa for exporters this Christmas: Iran war disrupts supply chains, stretches transit times to 60 days, threatens margins

Indian exporters say longer shipping routes, rising input costs, and delayed payment cycles are squeezing margins and putting pressure on delivery schedules ahead of the holiday season, even though demand remains steady.

The Economic Times

Why India's manufacturing future needs more than jugaad

India's manufacturing sector faces a critical juncture. Global buyers demand zero defects and reliability, moving beyond India's traditional jugaad approach. To gain trust in global supply chains, India must prioritize precision, consistency, and design excellence. This shift requires collaboration between large enterprises and MSMEs, fostering a national mission for quality.…

The Economic Times

Banks sanction Rs 35,000 cr loans under ECLGS to MSMEs to deal with West Asia crisis

Banks have disbursed Rs 35,000 crore in loans under the Emergency Credit Line Guarantee Scheme. This initiative supports MSMEs and industries affected by the West Asia conflict. The scheme aims to provide crucial liquidity and prevent job losses. It offers additional credit and guarantees to eligible businesses.

The Economic Times

BRICS nations discuss technology access, innovation support for MSMEs under India's chairship

India's leadership in this working group highlights a commitment to fostering resilient and competitive MSME sectors across BRICS economies.

The Economic Times

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FM asks lenders to go beyond standard loans, design credit repayments around biz cycles

Finance Minister Nirmala Sitharaman has called on banks to move beyond standard loan products. She emphasized the need for repayment structures that align with the specific income cycles of different businesses. This initiative aims to provide tailored credit solutions for MSMEs, supporting their growth and contributing to a stronger middle…

The Economic Times

MSMEs will drive Andhra's economic shift: CM Naidu

The state aims to create 100 unicorns and support women entrepreneurs, with initiatives including startup promotion and strengthening industrial infrastructure.

The Economic Times

PFRDA sets up panel to look at adding more asset classes for better returns

PFRDA is exploring new asset classes to boost long-term, stable returns for National Pension System subscribers, aiming to avoid market volatility. The regulator is also considering a Minimum Assured Pension plan and a Unified Pension Scheme for the private sector, while actively engaging farmers, MSMEs, and SHG groups to promote…

The Economic Times

US team may visit India next month for trade talks: Piyush Goyal

American trade officials are expected in India next month for crucial trade discussions. This visit follows recent US investments exceeding sixty billion dollars. India and the US are strengthening their partnership in technology, defense, and energy. Both nations aim to build resilient supply chains. Indian businesses are encouraged to support…

The Economic Times

Private, govt banks pledge full support to ECLGS 5.0

Banks are fully supporting the new Emergency Credit Line Guarantee Scheme 5.0. This scheme aims to help businesses facing challenges due to the West Asia conflict. Government officials highlighted its importance for MSMEs in Maharashtra. The scheme provides working capital support. A digital portal simplifies loan applications. This initiative will…

The Economic Times

Relief now, risk later? ECLGS 5.0 aims to ease MSME stress, industry flags risks in moratorium terms

ECLGS 5.0 is meant to cushion MSMEs from the impact of the US-Iran war, but will it really help small businesses, industry questions.

The Economic Times

Beyond wage protest: Bureaucracy, compliance burden strain Noida-Greater Noida MSMEs

Industry stakeholders say legacy bureaucratic systems and entrenched administrative practices are undermining MSMEs’ momentum in the region.

The Economic Times

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International Business Times

The Rise of Micro-Entrepreneurs: How Direct Selling Is Reshaping the Future of Work

A global surge in digital micro-entrepreneurs is reshaping the future of work, with direct selling, mobile technology, and AI empowering millions to build independent, flexible income streams across emerging markets.

Dynamite News

Unorganised sector contracted 0.2 pc since FY16, claims Jairam Ramesh citing India Ratings report

"Unorganised sector contributes 44+% to India's Gross Value Added (GVA). The unorganised sector grew at 7.4% Compound Annual Growth Rate (CAGR) between FY11 and FY16, but has suffered an average yearly contraction of 0.2% since then," the senior Congress leader said. Read further on Dynamite News:

The Hindu

Former IRS officer sees big scope for ‘MSMEs revolution’ in Chittoor

Former IRS officer and TDP candidate Daggumalla Prasada Rao envisions Chittoor as a thriving hub for MSMEs and agricultural development.

The Hindu

A bag full of wishes: Ahead of the Lok Sabha polls T.N. voters look for fulfillment of multiple demands

Tamil Nadu's key election issues include Cauvery water, farm profits, power tariffs, AIIMS, NEET, and industrial challenges.

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The Hindu

The never-ending woes of MSMEs in Tamil Nadu

MSMEs in Tamil Nadu demand government support for relief, infrastructure, and taxation reforms to revive the struggling sector.

The Hindu

Centific, nStore and SASTRA team up to provide supply chain solutions to MSMEs

The global digital solutions provider, Centific teamed up with nStore and SASTRA University to revolutionise the global supply chain landscape for micro, small and medium enterprises (MSME) leveraging the Open Network for Digital Commerce (ONDC)

The Hindu

Medtronic opens expanded R&D facility in Hyderabad, to ramp up hiring

Medtronic expands Engineering and Innovation Center in Hyderabad, investing over $350 million to shape future healthcare technologies.

The Hindu

IIT Madras, Walmart to help MSMEs with AI, IoT

IIT Madras and Walmart collaborate to train MSMEs in AI and IoT technology for sustainable growth.

The Hindu

Powerloom weavers in Salem and Erode to go on strike on February 28 to protest I-T rules amendment

Powerloom weavers in the major weaving clusters in Tamil Nadu will go on strike on Feb 28 against the recent amendment to Income Tax rules

Dynamite News

"BrahMos will be our primary weapon now," says Navy Chief after Rs 19,000 crore deal cleared by Center

Indian Navy Chief Admiral R Hari Kumar on Monday said that the Brahmos supersonic cruise missile will be the primary weapon of the Indian Navy, replacing the old missile system acquired from other countries. Read further on Dynamite News:

The Hindu

Power bills: CESC asked to give rebate to MSMEs

MYSURUKERC Chairman asks CESC to extend power bill rebate for MSMEs, warns of penalties if not provided.

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