MSMEs | DD News

April 21, 2026 9:49 PM

India, South Korea sign MoU to deepen MSME cooperation

India and the Republic of Korea have signed a Memorandum of Understanding (MoU) to strengthen cooperation in the micro, small and medium enterprises (MSME) sector during the visit of President Lee Jae Myung to India. The agreement, inked on April 20 between India’s Ministry of Micro, Small and Medium Enterprises and South Korea’s Ministry of SMEs and Startups, establishes a structured framework to boost collaboration, dialogue and partnerships between the two countries in the MSME domain....

March 25, 2026 6:28 PM

Piyush Goyal urges industry to leverage FTAs with quality focus, highlights CSR push and Viksit Bharat vision

Union Commerce and Industry Minister Piyush Goyal on Wednesday called on Indian industry to make the most of the country’s expanding network of free trade agreements (FTAs) with developed economies, stressing that a sustained focus on quality would be key to unlocking their full potential. He said India has signed nine FTAs with 38 developed nations in recent years, offering preferential access to nearly two-thirds of global trade. Addressing the National CSR Announcement for FY 2026–27 and...

March 16, 2026 4:00 PM

Credit disbursement to MSMEs by banks sees sharp rise over last three years: Shobha Karandlaje

Credit disbursement to the micro, small and medium enterprises (MSME) sector by banks has recorded significant growth over the past three years, reflecting improved access to finance for small businesses, according to government data. As per the Reserve Bank of India (RBI), loans extended to the sector by Scheduled Commercial Banks rose from ₹16.96 lakh crore in 2022-23 to ₹22.04 lakh crore in 2023-24, and further to ₹26.43 lakh crore in 2024-25. The information was shared in the Rajya S...

February 15, 2026 1:02 PM

Union Budget 2026–27 puts MSMEs at the core of India’s global growth strategy

The Union Budget 2026–27 places Micro, Small and Medium Enterprises (MSMEs) at the centre of India’s growth story, unveiling a comprehensive strategy to transform them into globally competitive champions. Recognising the sector’s pivotal role in employment generation and exports, the Budget proposes a three-pronged approach—equity support, liquidity enhancement and professional capacity-building—to strengthen MSMEs at scale. MSMEs remain one of the most dynamic pillars of India’s ec...

February 4, 2026 3:57 PM

India safeguarded agriculture, dairy in US trade deal: Piyush Goyal

Union Commerce and Industry Minister Piyush Goyal on Wednesday assured Members of Parliament that India has successfully safeguarded the interests of sensitive sectors, particularly agriculture and dairy, in the trade agreement with the United States, while ensuring significant benefits for Indian exporters. The India–US trade deal, which reduces tariffs on Indian goods entering the US to 18 per cent, has triggered a political row, with Opposition members expressing concern over claims by...

February 3, 2026 3:25 PM

India-US trade deal to boost MSMEs, job opportunities: Amit Shah

Union Home Minister Amit Shah on Tuesday said the India-US trade agreement will significantly boost micro, small and medium enterprises (MSMEs), enhance the global competitiveness of small industries, and create new employment opportunities across the country. In a post on X, Shah said the agreement between the two nations would strengthen India’s MSME sector by securing new supply chains and improving investment and credit flow. “India-US trade deal will give new strength to India’s MSM...

September 4, 2025 10:26 PM

PM Modi hails NextGen GST reforms as boost to ease of living, healthcare, and economic growth

Prime Minister Narendra Modi on Thursday highlighted the transformative impact of the Government’s NextGen GST reforms, underscoring their role in enhancing ease of living, strengthening public health and nutrition, and supporting India’s middle class, MSMEs, and rural economy. Addressing the latest phase of the reform, PM Modi described the measures as a continuation of India’s decade-long commitment to bold economic reforms, including corporate tax reductions, GST implementation, and pe...

September 3, 2025 11:17 PM

Government unveils next-generation GST reforms; daily essentials get cheaper

Finance Minister Nirmala Sitharaman on Wednesday announced a major reform in the Goods and Services Tax (GST) regime, consolidating the 12% and 18% tax slabs into a simplified dual-rate structure of 5% and 18%, with a higher 40% rate retained for sin goods. The move, described as “Next-Generation GST,” is aimed at boosting affordability, consumption, and economic efficiency while making compliance easier for businesses. At a press conference, the Finance Minister said the reforms have been...

August 20, 2025 1:29 PM

US tariff impact: India can increase exports to other countries, leverage UK FTA benefits

India can mitigate the impact of higher US tariffs—particularly on its micro, small and medium enterprises (MSMEs) - by diversifying exports to other markets and leveraging gains from the recently concluded free trade agreement (FTA) with the United Kingdom, as well as a potential trade deal with the European Union, according to a report. The imposition of higher tariffs by the US will affect MSMEs, which account for as much as 45 per cent of India's total exports, said the report released on...

August 11, 2025 3:14 PM

FM Sitharaman tables revised Income Tax Bill in Parliament to enhance fairness, clarity

Union Finance Minister Nirmala Sitharaman on Monday introduced a revised version of the Income Tax Bill, 2025 in the Lok Sabha, incorporating most of the recommendations made by the Parliamentary Select Committee headed by BJP leader Baijayant Panda. The introduction took place amid Opposition uproar. Tabling the bill, Sitharaman said that the changes were necessary to convey the correct legislative meaning. “There are corrections in the nature of drafting, alignment of phrases, consequentia...