MSMEs | DD News

July 8, 2026 5:13 PM

Govt bringing policy interventions, new schemes to strengthen MSMEs: Joint Secretary, Mercy Epao

The government is bringing policy interventions and new schemes to further strengthen micro, small and medium enterprises (MSMEs), which play a very important role in the country's growth, Mercy Epao, Joint Secretary, Ministry of Micro, Small and Medium Enterprises (MSME), told ANI. "We are bringing in policy intervention. At the same time, we are also bringing in schemes and initiatives which will further strengthen the MSMEs as they play a very important role in the growth of the country," Ep...

July 7, 2026 2:19 PM

ECLGS 5.0 surpasses 4.11 lakh guarantees with Rs 1.55 lakh crore amount: Govt

The Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 has issued 4,11,497 guarantees since its launch, with the guaranteed amount reaching Rs 1,55,229 crore - a sign of the scheme's rapid absorption across the lending ecosystem, the government said on Tuesday. The scheme, approved by Union Cabinet on May 5, 2026, is delivering fast, large-scale liquidity support to businesses affected by the West Asia geopolitical situation. The scheme is designed to provide risk mitigation for lending instit...

June 29, 2026 4:44 PM

From enterprise to empowerment: How MSMEs are driving India’s growth story

From traditional artisans in remote villages to cutting-edge manufacturing units supplying global markets, India's Micro, Small and Medium Enterprises (MSMEs) have emerged as one of the strongest pillars of the country's economic transformation. Backed by policy reforms, digitalisation, improved access to finance and technology, and targeted government support, the sector is expanding rapidly while generating employment, encouraging entrepreneurship and strengthening India's manufacturing ecosys...

June 11, 2026 9:29 PM

PM Modi Calls for Focus on Youth, MSMEs and AI at NITI Aayog Governing Council Meeting

Prime Minister Narendra Modi on Thursday called upon states to transform India's demographic dividend into a development dividend through focused investments in education, skilling and capacity-building, while chairing the 11th Governing Council Meeting of NITI Aayog in New Delhi. The meeting, held at the Rashtrapati Bhavan Cultural Centre, was attended by Chief Ministers, Lieutenant Governors and Administrators from 28 states and five Union Territories. According to the government, it was the ...

May 14, 2026 3:09 PM

Empowering India’s grassroots economy: How MSMEs are driving growth across rural and semi-urban India

India’s Micro, Small and Medium Enterprises (MSME) sector has emerged as one of the strongest pillars of the country’s economic growth, employment generation and grassroots development. From small manufacturing units and rural traders to artisans, self-employed entrepreneurs and service providers, MSMEs today form the backbone of India’s domestic economy. With targeted reforms, digital integration, financial support schemes and formalisation drives, the Government is now attempting to tra...

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...