Amaravati, June 19 (IANS) Andhra Pradesh’s annual credit plan target for 2026‑27 has been fixed at Rs 8.10 lakh crore, a 22.7 per cent increase over the previous year’s Rs 6.6 lakh crore. The credit plan was approved at the State‑Level Bankers’ Committee (SLBC) meeting presided over by Chief Minister N. Chandrababu Naidu.According to an official release, Rs 5.40 lakh crore has been earmarked for priority sectors, including agriculture, while Rs 2.70 lakh crore has been allocated to oth…
Latest MSME sector News & Updates
Bhopal, June 14 (IANS) In a major boost to the MSME (Micro, Small and Medium Enterprises) sector, Chief Minister Mohan Yadav on Sunday disbursed incentive amounts totalling over Rs 360 crore to 900 industrial units with a single click. He also cleared all outstanding liabilities of MSME units up to March 31, 2026.Through the digital initiative, the Chief Minister released Rs 2.02 crore in assistance for units setting up Effluent Treatment Plants (ETPs), reimbursed Rs 1.07 crore in mandi fees und…
New Delhi, June 2 (IANS) India and South Africa explored opportunities to strengthen cooperation and collaboration in the MSME sector, recognising its vital role in economic growth, employment generation, and inclusive development, the government has said.According to an official statement, both sides discussed potential areas of cooperation, including enhancing access to finance, promoting enterprise formalisation, accelerating digitalisation, strengthening entrepreneurship and skilling in MSME…
Vijayawada, May 25 (IANS) Andhra Pradesh Chief Minister N. Chandrababu Naidu on Monday said that the government would promote one crore entrepreneurs under the ‘one family-one entrepreneur’ initiative. He stated that the state government was giving top priority to the MSME sector and had released incentives worth Rs 558 crore so far.The Chief Minister virtually laid the foundation for 38 MSME parks.Later, addressing the ‘one family-one entrepreneur’ MSME Growth Summit 2026, he stated tha…
New Delhi, May 14 (IANS) The government has accelerated formalisation of unregistered enterprises through the Udyam and Udyam Assist platforms, bringing over 7.9 crore MSMEs and informal micro enterprises into the formal economy, an official statement said on Thursday.Targeted policy measures are improving access to credit, strengthening legal safeguards and enhancing ease of doing business, while digital platforms such as GeM, TReDS and SAMADHAAN are enabling better market access and faster pay…
Gandhinagar, April 30 (IANS) The Gujarat government on Thursday disbursed Rs 1,349.50 crore to 11,029 beneficiaries across industrial sectors through a single digital transaction, as part of efforts to improve the speed and transparency of financial assistance.The transfer was carried out under the “Single Click Payment Programme” organised at the Vibrant Gujarat Regional Conference (VGRC) in Surat, in the presence of Deputy Chief Minister Harsh Sanghavi.The initiative, led by the state’s …
New Delhi, April 21 (IANS) In a bid to enhance Indian Army’s minefield breaching capability, Defence Ministry on Tuesday said it has signed contracts with Bharat Earth Movers Limited (BEML) and Electro Pneumatics and Hydraulics (India) Pvt Ltd for the procurement of TRAWL Assembly for T-72/T-90 Tanks for nearly Rs 975 crore.According to an official statement, the TRAWL Assembly for T-72/T-90 Tanks is a critical equipment developed by DRDO which will enhance the minefield breaching capability o…
Gandhinagar, April 1 (IANS) The Gujarat government has approved investment-linked assistance for 23 industrial units worth more than Rs 1,607 crore, a move expected to generate an estimated 5,634 jobs across multiple districts, officials said after a high-level committee meeting on Wednesday. The approvals were granted at a meeting chaired by Deputy Chief Minister Harsh Sanghavi, where final eligibility certificates for state support were cleared for the selected units.The assistance is ai…
Chandigarh, March 25 (IANS) Haryana Chief Minister Nayab Singh Saini on Wednesday met Ambassador (Extraordinary and Plenipotentiary of Russia) Denis Alipov here and held detailed discussions aimed at further strengthening bilateral engagement and exploring new avenues of cooperation between Haryana and Russia. The meeting began with a general review of the longstanding and time-tested partnership between India and Russia. A significant part of the discussions focused on the prospects for exp…
Imphal, March 18 (IANS) Manipur Chief Minister Yumnam Khemchand Singh on Wednesday underscored that peace, stability, and development are interdependent, stating that “without development, there can be no lasting peace”. Launching the ‘State Focus Paper 2026-27’ at a seminar themed “Credit-Led Development in Manipur,” the Chief Minister highlighted that stability cannot be sustained without inclusive growth. “Inclusive growth is the foundational principle on which we will build our wor…