Experts say that the exclusion of micro, small and medium enterprises (MSMEs) from the government's internship scheme is likely to hit job creation and skill development
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In India, small businesses face significant safety and data security risks like cyber threats, such as phishing, malware and ransomware
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The government should delay implementation and help the industry prepare. Without support, most MSMEs may struggle to comply and be forced to close, says GTRI
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The heavy reliance on Chinese imports is eroding the market share and survival of Indian micro, small and medium enterprises (MSMEs)
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In India, many women-led MSMEs lack sufficient collateral to secure loans, making it difficult for them to meet the stringent requirements of formal financial institutions
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On budget 2024-25, experts say that there is still room for improvement, especially in reducing compliance burdens on MSMEs. Further measures could boost their operational efficiency and growth potential
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Indian MSMEs face regulatory and tax burdens, with high compliance costs and bureaucratic hurdles stifling growth, according to stakeholders
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The Rs 277.35 crore Team initiative aims to facilitate onboarding for five lakh micro and small enterprises onto the ONDC by providing financial assistance for onboarding, cataloguing, logistics, packaging materials and design
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The collaboration between Vi Business and PayU aims to provide MSMEs with business and digital payment solutions to expand their reach and access credit facilities
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The MSME sector is projected to reach USD 1 trillion in the next five years with a 7 per cent expected growth in FY24
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