MSME | DD News

May 25, 2026 3:38 PM

SIDBI must evolve from lender to ‘market maker’ and ‘risk-sharing’ partner: FM Sitharaman

Union Finance Minister Nirmala Sitharaman on Monday said the Small Industries Development Bank of India (SIDBI) must move beyond traditional lending and play a bigger role in supporting India's MSME and startup ecosystem. Addressing SIDBI's 37th Foundation Day celebrations in Mumbai, Sitharaman said the institution should emerge as a "market maker and risk-sharing partner" for small businesses and startups. "SIDBI's role must now expand from being only a lender to becoming a market maker and r...

May 8, 2026 4:33 PM

India pushes stronger BRICS MSME cooperation under its 2026 chairship

India has begun advancing a renewed agenda for micro, small and medium enterprise (MSME) cooperation under its 2026 chairship of BRICS, with a focus on improving access to finance and strengthening collaboration among member nations. As part of its leadership role under the BRICS Partnership on the New Industrial Revolution (PartNIR), Ministry of MSME has been tasked with organising three SME Working Group meetings and the inaugural BRICS MSME Forum during the year. The first SME Working Group...

May 7, 2026 12:43 PM

PMEGP generates 36.33 lakh jobs, helps set up over 4 lakh micro-enterprises: Govt

The Prime Minister’s Employment Generation Programme (PMEGP), the flagship self-employment scheme of the Ministry of MSME, has generated an estimated 36.33 lakh jobs and helped establish more than 4 lakh micro-enterprises during the 15th Finance Commission period between FY2021-22 and FY2025-26, according to government data released on Wednesday. Implemented through the Khadi and Village Industries Commission, the scheme recorded full utilisation of its approved outlay of ₹13,554.42 crore d...

April 29, 2026 9:57 PM

India targets $2 trillion exports by 2030-31; Piyush Goyal pushes MSME, agri and ‘Brand India’ focus

Union Commerce and Industry Minister Piyush Goyal on Wednesday chaired a high-level review meeting to assess progress on India’s ambitious plan to achieve $2 trillion in exports by 2030-31, directing officials to sharpen focus on MSMEs, agricultural exports, logistics, certification, and global branding. The government has set a target of $1 trillion each in merchandise and services exports by 2030-31. To achieve this, the Department of Commerce has developed a structured Export Monitoring Fr...

April 20, 2026 12:19 PM

MSME Ministry trains over 2,500 artisans in AI under PM Vishwakarma Scheme

In a first-of-its-kind initiative to integrate traditional skills with modern technology, the Ministry of Micro, Small and Medium Enterprises has trained over 2,500 artisans across the country in the use of artificial intelligence (AI) tools under the PM Vishwakarma Scheme. The programme, aimed at empowering grassroots craftspeople, is aligned with the government’s vision of leveraging AI for social good. It focuses on helping artisans enhance their livelihoods by adopting digital tools for b...

March 9, 2026 8:53 PM

FTAs creating new opportunities for MSMEs to integrate into global supply chains: Jitin Prasada

Union Minister of State for Commerce and Industry Jitin Prasada on Monday said that Free Trade Agreements (FTAs) are opening new opportunities for India’s Micro, Small and Medium Enterprises (MSMEs) to integrate into global supply chains and expand their presence in international markets. Addressing the National MSME Awards Ceremony organised by the FICCI Ladies Organisation (FLO), Prasada said recent trade agreements with major markets, including the European Union as well as countries such ...

February 20, 2026 5:01 PM

Centre launches new interventions in Export Promotion Mission to boost MSMEs

Commerce and Industry Minister Piyush Goyal on Friday launched seven additional interventions under the Export Promotion Mission, a flagship initiative of the Centre aimed at empowering micro, small, and medium enterprises (MSMEs) for competing in global markets. These interventions are designed to address key challenges faced by Indian exporters, promote broad-based and inclusive export growth, and strengthen India’s position as a globally competitive export powerhouse. The minister stated ...

January 15, 2026 6:15 PM

NITI Aayog releases roadmap to boost MSME efficiency through scheme convergence

The NITI Aayog on Thursday released a comprehensive report titled “Achieving Efficiencies in MSME Sector through Convergence of Schemes”, outlining a strategic framework to streamline government support and improve outcomes for India’s Micro, Small and Medium Enterprises (MSMEs). The report, launched by NITI Aayog Member Arvind Virmani and NITI Aayog Chief Executive Officer B. V. R. Subrahmanyam, presents a detailed blueprint to enhance the effectiveness of MSME schemes by strengthening i...

December 18, 2025 3:31 PM

MSME exports cross ₹9.52 lakh crore in April–September FY26

India’s micro, small and medium enterprises (MSMEs) exported goods worth over ₹9.52 lakh crore during the first half of the current financial year, Parliament was informed on Thursday. In a written reply in the Lok Sabha, Minister of State for Micro, Small and Medium Enterprises Shobha Karandlaje said MSME-related exports stood at ₹9,52,023.35 crore during April–September of FY 2025–26. The data has been compiled from the Directorate General of Commercial Intelligence and Statistics (...

December 5, 2025 2:44 PM

Government expands financial support measures for MSMEs to boost credit access

The Government of India has expanded a series of financial support measures aimed at improving access to credit for Micro, Small and Medium Enterprises (MSMEs), Minister of State for MSMEs Shobha Karandlaje informed the Lok Sabha on Friday. According to the MSME Ministry, multiple schemes have been strengthened to enhance the flow of credit and provide easier financing options for small businesses, artisans, and traditional craftsmen across the country. One of the major steps includes increasi...