New Delhi, April 7 (IANS) The Production-Linked Incentive (PLI) Scheme for the food processing industry has attracted investments of Rs 9,207 crore and generated around 3.29 lakh jobs so far, the government said on Tuesday.Launched by the Ministry of Food Processing Industries, the scheme is being implemented over six years from FY 2021-22 to FY 2026-27 with a total outlay of Rs 10,900 crore.It aims to increase value addition, expand processing capacity and generate employment, particularly in r…
Latest MSMEs News & Updates
Mumbai, April 7 (IANS) In a major step towards achieving the ‘Viksit Maharashtra’ objective within the ‘Viskit India 2047’ vision, the Maharashtra Cabinet, chaired by Chief Minister Devendra Fadnavis on Tuesday gave approval for the establishment of a new independent department for Electronics, Information Technology, and Artificial Intelligence.The Directorate of Information Technology will be transformed into the Directorate of Electronics, IT, and AI. A new IT Cadre, comprising permanent posi…
New Delhi, April 7 (IANS) As global supply chains realign and businesses look at setting up facilities outside China, India has emerged as a long-term strategic investment destination, with competitive export potential for Japan’s mid-sized companies to partner Indian MSMEs (micro, small and medium enterprises) to drive growth.The India–Japan ‘Joint Vision for the Next Decade’, adopted during Prime Minister Narendra Modi’s visit to Tokyo in August 2025, encourages cooperation among SMEs (sma…
New Delhi, April 7 (IANS) Congress leader Rahul Gandhi has raised serious concerns over the inclusion of Dalit, Adivasi, and Other Backward Class (OBC) entrepreneurs in India’s public works and infrastructure contracts.Posting on Facebook, he asked, “Last year, out of Rs 16,500 crore worth of public works contracts, how many contracts were awarded to Dalit, Adivasi, and backward class businesses? Their response was deeply worrying—the government does not maintain any data on this.”The is…
New Delhi, April 6 (IANS) Prime Minister Narendra Modi on Monday hailed the country’s scientists for indigenously designing and building the Prototype Fast Breeder Reactor at Kalpakkam in Tamil Nadu. The Prime Minister said that India has taken a defining step in its civil nuclear journey, advancing the second stage of its nuclear programme.“The indigenously designed and built Prototype Fast Breeder Reactor at Kalpakkam has attained criticality,” he said.The Prime Minister added that…
New Delhi, April 6 (IANS) The Ministry of Mines has notified the amendments to the Minerals Concession Rules aimed to increase exploration and production of critical minerals used in the production of electric vehicles, hi-tech electronic goods, and defence equipment, according to an official statement issued on Monday.The Minerals Concession Rules 2026, notified on March 30, provide the detailed mechanism for inclusion of contiguous area in the mining lease and composite licence of deep-seated …
New Delhi, April 6 (IANS) The Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey on Monday said that escalating tensions in West Asia are disrupting global energy flows, putting pressure on oil and gas supplies and triggering sharp price volatility.In his address at the 19th CII Corporate Governance Summit, he cautioned that the ongoing conflict could have far-reaching implications for the global economy.Pandey said the current crisis adds to a series of shocks that busine…
New Delhi, April 6 (IANS) The Confederation of All India Traders (CAIT) on Monday urged the government to implement credit and liquidity-supportive measures, especially for MSMEs over concerns of the ongoing West Asia crisis impacting India’s trade and industry.The association called for extension and relaxation of loan repayments for MSMEs and small traders and launch of a special Credit Guarantee Line Scheme to support liquidity.Further, it requested interest subvention for severely impacted…
New Delhi, April 5 (IANS) Apex business chamber CII on Sunday sought more fiscal and monetary policy concessions from the government and the RBI to tide over the global uncertainty triggered by the West Asia conflict, even as it lauded “the series of timely, well calibrated and coordinated measures” that have already been taken in this regard.CII director general Chandrajit Banerjee said, “the Government and the RBI have responded with speed, clarity and coordination. The early measures ha…
New Delhi, April 4 (IANS) The share of MSMEs in India’s GDP will rise to 40 per cent by 2030, from about 30 per cent currently, a report said on Saturday.The report from B2K Analytics said India’s GDP is projected to reach Rs 537.96 trillion by 2030 if current growth trend continues, lifting the MSME sector’s contribution to roughly 40 per cent, or about Rs 215.18 trillion.The MSME sector’s total funding requirement is estimated at Rs 162.92 trillion by 2030, the report added.Out of the to…