Kolkata, July 25 (IANS) West Bengal Finance Minister Swapan Dasgupta, a journalist-turned-politician, on Saturday, tabled 28 crucial Comptroller and Auditor General of India (CAG) reports on income and expenditure from the state exchequer during the period from 2021 to 2025 when the Mamata Banerjee-led Trinamool Congress government was in power in the state. Tabling the reports on the last day of the ongoing extended budget session of the House, the state Finance Minister said that since the pre…
Latest MSME sector News & Updates
New Delhi, July 18 (IANS) State-owned Punjab National Bank (PNB) on Saturday reported a nearly three-fold year-on-year jump in consolidated net profit to Rs 5,339 crore for the first quarter of FY27.The bank had posted a consolidated net profit of Rs 1,832 crore in the corresponding quarter of the previous financial year. On a sequential basis, net profit rose over 2 per cent from Rs 5,225.12 crore in the March quarter, according to its exchange filing.PNB’s consolidated total income stood at Rs…
New Delhi, July 14 (IANS) India’s small‑business credit ecosystem expanded to a portfolio outstanding of Rs 49.2 lakh crore, growing 13.4 per cent year‑on‑year as of March 2026, a report said on Tuesday.The report from CRIF High Mark said quarter-on-quarter growth was nearly 3 per cent with active loans reaching 7.5 crore.Sole proprietors continued to drive the growth, accounting for nearly 80 per cent of the portfolio and over 87 per cent of active loans.India’s small business credit …
New Delhi, June 26 (IANS) Ministry of MSME’s ASPIRE programme has approved 109 Livelihood Business Incubators (LBI) across 27 States and Union Territories, trained over 1.23 lakh beneficiaries, an official statement said on Friday.Since systematic tracking of the program began in FY 2022-23, ASPIRE-supported incubators have also facilitated the establishment of more than 1,200 micro-enterprises across the country.ASPIRE has reached over 8,700 SC beneficiaries, above 9,600 ST beneficiaries and …
Guwahati, June 24 (IANS) Assam has emerged as one of the country’s fastest-transforming economies, attracting investment proposals worth over Rs 5 lakh crore and positioning itself as a major destination for industry and innovation, state BJP chief and Lok Sabha MP Dilip Saikia said on Wednesday during a pre-Budget consultation organised by the party.Addressing the consultation attended by economists, academicians, entrepreneurs and industry representatives, Saikia said the state’s economy has w…
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…
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…