Micro, Small, and Medium Enterprises (MSMEs) in Tier II and Tier III cities are reporting an average 20 per cent increase in revenue after integrating with the Open Network for Digital Commerce (ONDC), according to data released by fintech firm Easy Pay.
Despite these improvements, the report reveals that a substantial credit gap remains. Only 19 per cent of MSME credit demand was met formally by FY21, leaving an estimated Rs 80 lakh crore unmet.
The release trials of Long-Range Glide Bomb (LRGB) ‘Gaurav’ from Su-30 MKI aircraft was successfully conducted by the Defence Research and Development Organisation (DRDO), recently.
He said the way to create crores of jobs is through large-scale investment in MSMEs, fair markets where competition can thrive, support for local production networks, and the youth being equipped with the right skills.
In a significant move to accelerate innovation in the defence sector, the Ministry of Defence (MoD) recently held brainstorming sessions with over 50 start-ups and Micro, Small, and Medium Enterprises (MSMEs).
Union Finance Minister Nirmala Sitharaman, along with Minister of State for Finance Pankaj Chaudhary, on Thursday launched the New Credit Assessment Model for MSMEs.
PHDCCI CEO and Secretary General Dr. Ranjeet Mehta discusses MSMEs, predicts India becoming a $34 trillion economy by 2047, and shares insights on the rupee slide. .
Finance Minister Nirmala Sitharaman, while presenting the Union Budget 2025-26, detailed the roadmap for India's continued economic expansion, placing emphasis on agriculture, micro, small, and medium enterprises (MSMEs), investment, and exports.
The Economic Survey 2025 has highlighted challenges in the regulatory environment for the MSMEs. It said the regulatory compliance burden holds back formalisation and labour productivity, limits employment growth, chokes innovation and depresses growth.
Industry experts and leaders were of the opinion that India has all the qualities of becoming the leading manufacturing hub in the world and that we just need to respect natural resources and act with responsibility.
