MSMEs | DD News

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...

July 31, 2025 10:57 AM

Centre pushes semiconductor innovation with 23 new chip-design projects

The Government of India has sanctioned 23 chip-design projects under the Design Linked Incentive (DLI) Scheme as part of its effort to boost the country’s semiconductor design capabilities. These projects, led by domestic companies, startups, and MSMEs, will receive financial assistance to develop chip solutions for areas such as surveillance cameras, energy meters, microprocessor IPs, and networking applications. The announcement was made in the Lok Sabha by Union Minister of Electronics and...

May 27, 2025 4:39 PM

Fintech driving growth for MSMEs and merchants, says FM Sitharaman

Union Finance Minister Nirmala Sitharaman on Tuesday said that India’s fintech companies are playing a crucial role in expanding the country’s Digital Public Infrastructure (DPI) and empowering merchants as well as micro, small, and medium enterprises (MSMEs). The Finance Minister visited the office of Pine Labs, a digital fintech company based in Noida, and interacted with its employees and staff members. She acknowledged “India’s fintech firms’ contribution to expanding the country...

May 26, 2025 6:38 PM

Medium enterprises hold the key to India’s economic future: NITI Aayog report

The NITI Aayog on Monday released a report titled “Designing a Policy for Medium Enterprises”, emphasizing the strategic importance of medium-sized businesses in driving India’s economic growth. Despite accounting for just 0.3 percent of registered MSMEs, these enterprises contribute nearly 40 percent of the sector’s exports—highlighting their untapped potential and crucial role in fostering innovation, scaling operations, and enhancing global competitiveness. The report lays out a si...

April 22, 2025 3:22 PM

BIS to offer internship for 500 students from partner institutions

The Bureau of Indian Standards (BIS), the National Standards Body under the Government of India, has announced 500 internship opportunities for students from its MoU partner institutions. The announcement was made during the Annual Convention of BIS Standardisation Chairs and Nodal Faculty of MoU Partner Institutions held recently. These internships will be offered to students pursuing 4-year degree programmes, 5-year integrated degree courses, postgraduate degrees, and diploma programmes. Acco...

March 26, 2025 4:39 PM

Challenges faced by MSMEs must be addressed in clusters, not in isolation: NITI Aayog CEO

BVR Subrahmanyam, CEO of NITI Aayog, on Wednesday said that MSMEs cannot exist in isolation and their challenges must be tackled in clusters and groups. Speaking at an event organized by the Confederation of Indian Industry (CII) in New Delhi, Subrahmanyam said that today’s MSMEs are going to be the large enterprises of tomorrow. He said that the government “must handhold them and transform them from micro to small, small to medium, and medium to large enterprises.” The NITI Aayog CEO u...

February 5, 2025 10:01 AM

Budget 2025-26: MSMEs to receive Rs.1.5 lakh crore in additional credit, new initiatives to benefit 5 lakh entrepreneurs

The Union Budget 2025-26 has introduced a set of comprehensive measures to boost the Micro, Small, and Medium Enterprises (MSME) sector, recognising its critical role in India’s economic growth as per a press release issued by the Ministry of Micro, Small & Medium Enterprises. With 5.93 crore registered MSMEs employing over 25 crore people, the sector contributes significantly to manufacturing, exports, and job creation. In 2023-24 alone, MSME-related products accounted for 45.73% of India...

December 30, 2024 3:03 PM

Budget 2025-26: Assocham seeks greater ease of doing business, enhanced credit flow for MSMEs

To boost micro, small, and medium enterprises (MSMEs) and improve ease of doing business, Assocham has proposed the creation of integrated infrastructure townships and universities dedicated to skill development and entrepreneurship. The aim is to enhance growth and support within the sector, the apex trade body said on Monday. During a pre-budget meeting with Finance Minister Nirmala Sitharaman, Assocham recommended several measures to encourage investment. These include expanding the scope of...

November 21, 2024 3:17 PM

Indian MSMEs create 10 crore jobs in 15 months, drive economic growth

India's micro, small, and medium enterprises (MSMEs) have added nearly 10 crore new positions over the past 15 months, according to official data from the Udyam portal. The figures reveal the number of registered MSMEs has gone up to 5.49 crore from 2.33 crore in August last year while the number of jobs reported by these enterprises has shot up to 23.14 crore from 13.15 crore during this period. The total employment also included 2.84 crore jobs by 2.38 crore informal micro units registered w...

September 11, 2024 5:17 PM

Piyush Goyal launches Trade Connect e-platform to support exporters

In a bid to support Indian exporters, MSMEs, and entrepreneurs, Commerce and Industry Minister Piyush Goyal on Wednesday launched the Trade Connect e-platform. The platform is designed to facilitate connections between Indian businesses and key stakeholders, including Indian Missions abroad, Export Promotion Councils, and partner government agencies. It will offer information on global trade events, benefits from India's Free Trade Agreements (FTAs), and other relevant international trade data....