Chandigarh, Feb 2 (IANS) Describing the Union Budget as being inspired by the egalitarian philosophy of Guru Ravidas Maharaj, Punjab BJP President Sunil Jakhar on Monday said that it is a concrete step and a strong foundation towards building a “developed India”. He told the media here that AAP and the Congress, lacking an understanding of economics, have failed to grasp the true spirit of the Budget. He said Prime Minister Narendra Modi himself had stated yesterday (Sunday) that cities such…
Latest MSME News & Updates
New Delhi, Feb 1 (IANS) The Union Budget 2026–27 presents a strong and credible roadmap to enhance India’s competitiveness through fiscal discipline, structural reforms and targeted measures aimed at boosting private investment, industry representatives said on Sunday.Speaking to IANS, CII Punjab Chairman Amin Jain said the Budget includes several key announcements for the textile sector.“These include the development of mega textile parks, integrated plans for labor-intensive textile segm…
New Delhi, Feb 1 (IANS) Industry on Sunday hailed the Union Budget 2026–27 for adopting a steady and largely inclusive approach, reinforcing India’s manufacturing and technology ecosystem through policy continuity, scale, and targeted reforms.The sustained focus on electronics manufacturing, the launch of India Semiconductor Mission (ISM) 2.0, and the significant expansion of the Electronics Component Manufacturing Scheme (ECMS) reaffirm the government’s long-term commitment to building re…
Mumbai, Jan 28 (IANS) Indian banks are expected to witness credit growth at about 10–12 per cent compound annual growth rate (CAGR) over the next five years, higher than deposit growth of roughly 9–11 per cent, a report said on Wednesday.The report from Brickwork Ratings said credit‑to‑deposit ratios are likely to remain in the high‑70s to low‑80s range unless a major structural shift occurs. The rating agency said that retail, MSME and services will be key drivers of credit growth w…
New Delhi, Jan 28 (IANS) The free trade agreement (FTA) between India and the European Union (EU) unlocks access to the $572.3 billion EU pharmaceuticals and medical devices market, giving impetus to the Indian pharmaceuticals sector, according to the government.According to the Ministry of Chemicals and Fertilizers, this would enable pharma industries to scale, generate employment, and reinforce India’s positioning as a reliable partner in the pharmaceuticals sector underlining its growing st…
Hubballi (Karnataka), Jan 27 (IANS) Prime Minister Narendra Modi-led government has always provided a fair and due allocation to every state, including Karnataka, in the Union Budget and this time too, the Budget will focus on ensuring a just allocation to all states, Union Minister for Food, Consumer Affairs and Public Distribution Pralhad Joshi said. Speaking to the media in Hubballi on Tuesday, the minister said the Union government has paid attention to all sectors, including roads, industry…
New Delhi, Jan 26 (IANS) MSMEs are the most powerful platform for job creation and if India is to become prosperous, there is nothing more effective than MSMEs, according to Minister for MSME, Jitan Ram Manjhi.The minister said that MSMEs make a significant contribution to the economy.“They strengthen prosperity and after agriculture, MSMEs are the sector contributing the most to economic growth. They play a crucial and decisive role,” he said while interacting with the MSME beneficiaries wh…
New Delhi, Jan 24 (IANS) Chief Minister Yogi Adityanath on Saturday extended heartfelt congratulations to the people of the state on the occasion of Uttar Pradesh Day, asserting that the state of infinite possibilities has broken the shackles of struggle and policy apathy to emerge as the growth engine of India’s development. The Chief Minister shared a video message on social media platform X, addressing the people of the state and highlighting the transformation Uttar Pradesh has witnessed i…
New Delhi, Jan 19 (IANS) More than 3.96 lakh MSME loan applications amounting to more than Rs 52,300 crore have been sanctioned by the Public Sector Banks (PSBs) under the digital credit underwriting programmes (between April 1 and December 31, 2025), the government said on Monday.The PSBs launched Credit Assessment Model (CAM) based on digital footprints for Micro, Small and Medium Enterprises (MSMEs) last year.According to Ministry of Finance, this credit assessment model leverages the digital…
New Delhi, Jan 17 (IANS) The All India Institute of Ayurveda (AIIA) has reiterated its dedication to foster entrepreneurship, innovation in Ayurveda through its startup incubation centre, Incubation Centre for Ayurveda Innovation and Entrepreneurship (AIIA-iCAINE), the Ministry of Ayush said.Through AIIA-iCAINE, the Institute supports new-age ventures that contribute to evidence-based, sustainable, and inclusive health solutions.“AIIA-iCAINE continues to empower innovators by providing a struc…