The initiative is part of the Reserve Bank of India's (RBI) co-lending framework, which aims to facilitate collaboration between banks and NBFCs to improve credit delivery to underserved sectors
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Finance minister Nirmala Sitharaman presents the union budget 2024 with record allocations for urban and rural development, industrial expansion and technological innovation
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This development comes at a time when unemployment is attributed to be one of the causes of the BJP’s lower-than-expected tally in the recent general elections
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MSMEs play a big role in creating job opportunities in India, contributing around 29 per cent to the country’s gross value added and approximately 45 per cent to its exports
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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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Yashasvini campaign for women-led units, the ministry says it expects 5 lakh MSEs to benefit from the scheme in three years, 50 per cent of which would be women-owned enterprises.
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While the festive season presents an opportunity for businesses to boost their sales and increase their revenue, MSMEs still struggle because of the lack of working capital
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