MSME | DD News

November 13, 2025 1:40 PM

MSMEs lead as 13 companies file for Rs. 1,914 crore investment under PLI for ACs, LED lights

The fourth round of the Production Linked Incentive (PLI) Scheme for White Goods (Air Conditioners and LED Lights), launched by the Department for Promotion of Industry and Internal Trade (DPIIT), has attracted 13 applications with a net committed investment of Rs. 1,914 crore. The application window for the scheme, which covers air conditioners and LED lights, was open from September 15 to Novermber 10. More than half of the new applicants are micro, small and medium enterprises (MSMEs), signa...

November 12, 2025 4:19 PM

FM Sitharaman meets MSME sector stakeholders for pre-budget consultation

Finance Minister Nirmala Sitharaman on Wednesday chaired the third pre-Budget consultation with stakeholders from micro, small, and medium enterprises (MSMEs). The meeting was in connection with the forthcoming Union Budget 2026-27, according to a Finance Ministry statement. "Union Minister for Finance and Corporate Affairs @nsitharaman chairs the third Pre-Budget Consultation with the stakeholders from Micro, Small and Medium Enterprises MSMEs in connection with the forthcoming Union Budg...

August 18, 2025 3:27 PM

Udyam Sakhi Portal helping women entrepreneurs become self-reliant, over 4,500 registered so far

The Udyam Sakhi Portal, launched by the Ministry of Micro, Small and Medium Enterprises (MSME), is helping women entrepreneurs across the country start, build and expand their businesses, thereby fostering self-reliance, said Minister of State Shobha Karandlaje in a written reply in the Rajya Sabha on Monday. The online platform - https://udyamsakhi.com - serves as a one-stop resource for women entrepreneurs, offering information on various financial schemes such as Prime Minister's Employment ...

June 9, 2025 4:24 PM

11 years of Modi govt: PMMY empowers over 52.5 crore entrepreneurs with Mudra Loans

In a remarkable push towards inclusive financial empowerment, the Pradhan Mantri MUDRA Yojana (PMMY) has sanctioned over ₹33.65 lakh crore in loans to more than 52.5 crore small and micro-entrepreneurs over the last eleven years — more than the combined population of the USA, Russia, and Australia. Launched in 2015 by Prime Minister Narendra Modi with the vision of “Funding the Unfunded,” PMMY has become a game-changer for first-time entrepreneurs, especially from marginalized communiti...

May 2, 2025 2:09 PM

NITI Aayog report charts path to boost MSME competitiveness

NITI Aayog, in collaboration with the Institute for Competitiveness (IFC), on Thursday released a detailed report titled “Enhancing Competitiveness of MSMEs in India”, which outlines a roadmap for strengthening the role of Micro, Small and Medium Enterprises (MSMEs) in India’s economic growth. The report offers a sector-specific analysis across textiles and apparel, chemicals, automotive, and food processing industries, identifying the structural bottlenecks and policy-level gaps that con...

April 25, 2025 10:36 AM

Indian delegation visits South Africa for 2nd India-South Africa JWGTI session

A nine-member Indian delegation visited Pretoria, South Africa, to participate in the second session of the India-South Africa Joint Working Group on Trade and Investment (JWGTI), held on April 22–23. Led by Economic Adviser Priya Nair from the Department of Commerce, the Indian delegation, engaged in wide-ranging discussions with their South African counterparts. The South African side was co-chaired by Malose Letsoalo, Chief Director, Bilateral Trade Relations, Department of Trade, Industry...

April 22, 2025 12:48 PM

HD Kumaraswamy welcomes 12% safeguard duty on imported steel flat products

Union Minister for Heavy Industries and Steel, H. D. Kumaraswamy, has welcomed the Finance Ministry’s decision to impose a 12% safeguard duty on imported non-alloy and alloy steel flat products, calling it a move that will bolster the domestic industry and ensure fair competition. Taking to social media platform X (formerly Twitter), the Minister stated, “I welcome the 12% safeguard duty on imported steel flat products. This will protect Indian manufacturers, ensure fair competition, and bo...

April 2, 2025 12:47 PM

PMMY boosts Women’s Financial Empowerment at the grassroots: SBI report

The Pradhan Mantri Mudra Yojana (PMMY) has emerged as a powerful tool for women’s financial empowerment, with women accounting for 68% of the scheme’s 52 crore beneficiaries, according to a report by the State Bank of India’s (SBI) Economic Research Department released on Wednesday. Over the last nine fiscals (FY16 to FY25), the per-woman PMMY loan disbursement grew at a CAGR of 13%, reaching Rs. 62,679, while incremental deposits per woman rose by 14% CAGR to Rs. 95,269, highlighting the...

March 27, 2025 10:44 AM

Piyush Goyal emphasizes innovation and intellectual property strength at National IP Awards 2024

Union Minister of Commerce & Industry, Piyush Goyal, reiterated the government's commitment to bolstering India's intellectual property (IP) ecosystem through legislative changes, administrative reforms, and new initiatives aimed at fostering innovation and research. Speaking at the National Intellectual Property (IP) Awards 2024, held at Bharat Mandapam, New Delhi, on Wednesday, Goyal said, “This is the sangam of tradition and technology. Innovation has always been in our DNA. We are ver...

February 7, 2025 11:55 AM

Rural development ministry allocated with Rs 1.88 lakh crore in Budget 2025

The Union Budget 2025-26 brings a significant package for rural India, allocating Rs. 1,88,754.53 crore to drive comprehensive development across 6.65 lakh villages, supporting 2.68 lakh Gram Panchayats and Rural Local Bodies as per a press release issued by the Ministry of Rural Development. This budget emphasises boosting employment, women empowerment, education, and infrastructure in rural areas, reflecting the government's vision for a stronger, self-reliant rural economy. Key initiatives i...