Bharat Express

MSMEs

The Indian govt approved the launch of the Mutual Credit Guarantee Scheme (MCGS), designed to improve access to credit for MSMEs in the manufacturing sector.

From 2013 to 2022, national highway development boosted household incomes by 9 per cent, household expenditure by 6 per cent, and car sales by 10.4 per cent.

Speaking at a regional conference organized by Laghu Udyog Bharati in Vadodara, Patel emphasized the government’s commitment to providing global platforms for MSMEs to compete internationally and foster innovation.

Nirmala Sitharaman announced a series of measures in the Union Budget 2024-2025 for non-farming business community and MSMEs.

The government aims to balance immediate economic needs with long-term developmental goals, setting the stage for robust and sustained growth.

On Thursday, Piyush Goyal announced an 80% concession for women entrepreneurs and a 50% concession for MSMEs on fees for licenses granted by the PESO.

The meeting, to be chaired by Financial Services Secretary Vivek Joshi, would also see participation from top private sector lenders HDFC Bank, ICICI Bank, Axis Bank, and Kotak Mahindra Bank