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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About 72 per cent of tech micro, small and medium enterprises (MSMEs) emphasise the need for artificial intelligence (AI) training programs for their workforce
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During the pandemic, while MSMEs prioritised digitalising their workspaces, in 2024, the focus has moved on to engaging with their customers digitally
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The demand for credit continues to be on an upward trajectory, according to the report
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As GST continues to evolve, its impact on the Indian economy, particularly on MSMEs, will likely become even more pronounced, writes Amit Prasad
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