In a major boost for India’s Micro, Small, and Medium Enterprises (MSMEs), Public Sector Banks (PSBs) have sanctioned over ₹52,300 crore to more than 3.96 lakh MSME applicants under a digital credit assessment model. Launched in 2025, this initiative leverages digital footprints to deliver faster, paperless, and more efficient financing…
Tag: #SmallBusiness
News
National Traders’ Welfare Board Reviews Retail Sector Reforms
New Delhi: The 8th Meeting of the National Traders’ Welfare Board (NTWB) convened at Vanijya Bhawan, New Delhi, with Shri Sunil J. Singhi presiding as Chairperson. The meeting focused on initiatives to strengthen India’s retail trade sector, enhance trader welfare, and encourage adoption of digital and local commerce strategies. Shri…
News
DoP, SIDBI Partner for Udyam Assist Verification
New Delhi – The Department of Posts (DoP), under the Ministry of Communications, and the Small Industries Development Bank of India (SIDBI) have formalized a partnership through a Memorandum of Understanding (MoU) to conduct Contact Point Verification (CPV) of Informal Micro Enterprises (IMEs) registered on the Udyam Assist Platform (UAP)….
News
India–New Zealand Conclude Landmark Free Trade Agreement
Union Minister of Commerce and Industry Shri Piyush Goyal emphasized that public sector banks in India are now competing on an equal footing with private and foreign banks, reflecting their strengthened role in the country’s economic growth. Addressing the MSME Banking Excellence Awards in New Delhi, Shri Goyal highlighted how…
News
Vice-President Reviews MSME Ministry’s Key Achievements
The Vice-President of India, Shri C. P. Radhakrishnan, was briefed today by the Ministry of Micro, Small and Medium Enterprises (MSME) on the sector’s key achievements, its critical importance to India’s economy, and ongoing initiatives aimed at strengthening grassroots entrepreneurship. The meeting took place at Parliament House, where Union MSME…