MSME Sector Gets a Boost with Mutual Credit Guarantee Scheme and Other Initiatives Introduction The Micro, Small, and Medium Enterprises (MSME) sector plays a vital role in India’s economy, contributing significantly to employment generation, export, and overall economic growth. In recent years, the sector has faced several challenges, such as lack of access to credit,…
Piyush Goyal Launches ‘Ease of Doing Business’ Portal to Enhance Business Environment in India On November 29, 2024, Union Minister of Commerce and Industry, Piyush Goyal, launched a significant digital platform aimed at simplifying the ease of doing business in India. The newly launched ‘Ease of Doing Business Portal’ seeks to provide transparent, accessible, and…
MUDRA Loan Limit Doubled to ₹20 Lakh: A Boost for Entrepreneurs The Government of India has announced a significant increase in the MUDRA (Micro Units Development and Refinance Agency) loan limit, doubling it from ₹10 lakh to ₹20 lakh. This decision aims to bolster the micro, small, and medium enterprises (MSME) sector, providing entrepreneurs with…
Memorandum of Understanding (MoU) Signed Between Ministry of MSME and SBA, Government of the USA Introduction to the MoU On [Date], the Ministry of Micro, Small, and Medium Enterprises (MSME) of India signed a significant Memorandum of Understanding (MoU) with the Small Business Administration (SBA) of the United States. This landmark agreement aims to bolster…
Manoj Mittal Takes Charge as SIDBI’s CMD After Appointment by Centre Introduction In a significant development, Manoj Mittal has been appointed as the Chairman and Managing Director (CMD) of the Small Industries Development Bank of India (SIDBI) by the Centre. This move is seen as a strategic effort to strengthen the leadership of SIDBI, which…
National Small Industry Day 2023 National Small Industry Day is an essential event celebrated in India every year to acknowledge and appreciate the significant contribution of small industries to the country’s economy. In this article, we will delve into the importance of National Small Industry Day 2023, its historical context, and five key takeaways that…
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