New Delhi, March 28 (IANS) A cumulative investment of about Rs 9,207 crore has been made by the approved applicants under the production-linked incentive (PLI) scheme for Food Processing Industries (PLISFPI) till December 31, 2025, according to the government.Around 35 lakh metric tonnes per annum of processing and preservation capacity has been created under the scheme. Total incentive amount of Rs 2,714.79 crore has been disbursed till date, according to Minister of State for Food Processing I…
Latest MSMEs News & Updates
New Delhi, March 27 (IANS) The Parliament on Friday approved the Finance Bill 2026 with the Rajya Sabha returning it to the Lok Sabha by a voice vote, completing the legislative process to provide the legal backing for the proposals of the Union Budget 2026-27 to kick in during the new financial year beginning from April 1.The Lok Sabha passed the bill on March 25, along with 32 amendments. The Rajya Sabha returned the bill after a brief discussion, and Finance Minister Nirmala Sitharaman’s repl…
New Delhi, March 26 (IANS) India’s credit growth has seen a sharp jump in FY26, rising 61 per cent, driven mainly by strong demand from retail borrowers and MSMEs, a new report showed on Thursday.Credit growth in India has accelerated significantly in FY26, with total credit flows rising to Rs 25.1 lakh crore, nearly matching deposit mobilisation of Rs 26.1 lakh crore, a report by Yes Bank said.The report noted that strong demand across retail, MSME and infrastructure sectors has been the key …
New Delhi, March 25 (IANS) Union Commerce and Industry Minister Piyush Goyal on Wednesday said that the spirit of voluntary charity is an integral part of Indian society, with people across sections stepping forward to help those in need.Speaking at the National CSR announcement for FY 2026–27 and scholarship distribution event organised by the Malabar Charitable Trust here, Goyal said that while corporate social responsibility (CSR) frameworks have encouraged participation, going beyond manda…
New Delhi, March 25 (IANS) The government on Wednesday announced a three-year tax exemption on dividend income for national cooperative federations, a move aimed at benefiting small members and strengthening the cooperative sector.Finance Minister Nirmala Sitharaman said in the Lok Sabha that the tax relief will help boost incomes of small cooperative members and encourage greater participation in the sector.FM Sitharaman stressed that cooperatives, along with micro, small and medium enterprises…
New Delhi, March 24 (IANS) India’s trade performance has remained robust and resilient, with exports recording a steady upward trajectory both in the current financial year and over the longer term (FY 2021–25) despite the global uncertainty, the Parliament was informed on Tuesday.Despite persistent supply chain disruptions due to geopolitical tensions and volatile commodity prices, India’s exports have continued to expand in a broad-based manner. During April–January of FY 2025–26, to…
Chennai, March 22 (IANS) BJP spokesperson C. R. Kesavan on Sunday reacted strongly to Leader of Opposition (LoP) in the Lok Sabha Rahul Gandhi’s remark that the Prime Minister Narendra Modi-led government “has neither direction nor strategy”.Gandhi, in a post on X on Saturday, alleged that the fuel prices and prices of everyday items, including production and transport, will increase as a result of the ongoing West Asia conflict. In addition to this, he said that MSMEs and the stock market will …
New Delhi, March 21 (IANS) Jal Shakti Minister C.R. Paatil will inaugurate the World Water Day Conclave 2026 here on March 23, kicking off discussions on innovation and collaboration for sustainable water management and judicious industrial use. Themed “Industry for Water,” the conclave seeks to position industry as a key driver of water-use efficiency, recycling, reuse, and innovation.The event aims to bring together policymakers, industry leaders, academia, startups, MSMEs, and young…
Jaipur, March 21 (IANS) With the launch of the Rajasthan Aerospace and Defence Policy – 2026 by Rajasthan Chief Minister Bhajan Lal Sharma, the state is set to emerge as a key contributor to India’s strategic self-reliance.The policy envisions Rajasthan as a major hub for the manufacturing of aircraft, helicopters, drones, missiles, avionics, satellite buses, armoured vehicles, radars, navigation, communication and control systems, robotics, and defence electronics — providing a strong boost …
New Delhi, March 21 (IANS) The Centre, on Saturday, introduced major modifications to the Mutual Credit Guarantee Scheme for MSMEs (MCGS-MSME), aimed at improving credit access and supporting growth in the micro, small and medium enterprises sector, the Ministry of Finance said.Launched in January 2025, the scheme provides 60 per cent guarantee coverage by the National Credit Guarantee Trustee Company Limited (NCGTC) to member lending institutions for loans of up to Rs 100 crore extended to elig…