Govt Launches Rs 100 Cr Credit Guarantee Scheme for MSME Manufacturing Boost
The government launched the Mutual Credit Guarantee Scheme for MSMEs (MCGS-MSME) to provide 60% guarantee coverage for loans up to Rs 100 crore, aimed at...
Tag : MSMEs
Ministry of Defence Approved Rs 300 crore To Boost Defence Technology Development For ‘Aatmanirbharta’
The Ministry of Defence has approved over Rs 300 crore from the Technology Development Fund (TDF) to boost cutting-edge technology development and promote ‘Aatmanirbharta’ (self-reliance)...
World MSME Day: GOI to focus on Self-Reliant Indian MSMEs
Dr Rajneesh, Additional Secretary to the Government of India and Development Commissioner for the Ministry of MSME, shared a message for the country’s MSMEs on...
Meesho Digitises 30,000 Small Businesses in West Bengal
On Tuesday, SoftBank-backed e-commerce company Meesho announced that it had digitised more than 30,000 small businesses from West Bengal on the platform. The company also...
HDFC Bank Signs Agreement with TReDs Platform M1xchange
Trade receivable discounting platform M1xchange has partnered with HDFC Bank to provide small businesses with more liquidity at competitive prices. “HDFC Bank has partnered with...
Bank Credit to Micro, Small Enterprises Jumps 23% in June: RBI Data
Credit and Finance for MSMEs: Overall bank credit deployed to the entire MSME sector in June was Rs 17.93 lakh crore, marginally up from Rs...
Solv Raises $40 Million from Japan’s SBI Holdings, Others
On June 27, Small business marketplace Solv said it had raised $40 million (approximately Rs 310 crore) in funding led by Japan’s SBI Holdings. The...
Finova Capital Bags $65 Million Funding From Norwest
Finova Capital has raised $65 million from Norwest Venture Partners, Maj Invest and Faering Capital. The micro, small and medium enterprises (MSMEs) will use the...
Karnataka CM Declares Launch of ‘Invest Karnataka 2022’ Meet
Chief Minister of Karnataka Basavaraj Bommai has announced the launch of the Global Investor Meet (GIM) called ‘Invest Karnataka 2022’. The event aims to attract...
Defence Ministry Approves Military Acquisitions of Rs 8,357 Crore
The Defence Ministry approved Rs 8,357 Crores of military platforms and hardware, including air defence fire control radar and GSAT-7B satellite. The proposals were granted...
