Latest news with #MSMEDay
Business Upturn
01-07-2025
- Business
- Business Upturn
Maharashtra Leads in MSME Loans and Credit Growth
Business Corporates Finance A report by Transunion states that Maharashtra leads the country in MSME loans, with the highest share of credit to small and medium businesses, according to TransUnion CIBIL. The state is also seeing good repayment trends, showing that most businesses are managing their loans well. By Riddhima Jain Published on July 1, 2025, 14:11 IST As India celebrated MSME Day, a new report by TransUnion CIBIL highlights Maharashtra's leading role in supporting and sustaining the country's vibrant MSME ecosystem. From disciplined repayments to strong loan demand, the state continues to set the pace for small business financing across India. The data shows that Maharashtra accounts for nearly 19% of all MSME loans in the ₹10–₹50 crore range — the highest in the country. What's more encouraging is that larger businesses in this segment are showing excellent repayment behavior, with a delinquency rate of just 1.4%, slightly better than the national average. For smaller businesses with credit exposure between ₹1 crore and ₹10 crore, Maharashtra contributes to 15% of total loan balances. Though the repayment delays in this group are a touch higher at 1.8%, they still remain in a healthy zone. Even micro businesses — those borrowing up to ₹1 crore — showed steady growth of 11% over the last five years, though repayment delays in this category were a bit higher at 3.4%, hinting at the need for better credit monitoring. What's driving this growth? Manufacturing is at the heart of it. It made up 35% of all new MSME loans in the March 2025 quarter. And with 22% of these loans being long-term, it's clear that many MSMEs are investing in building future capacity, expanding their businesses with confidence. Ahmedabad Plane Crash
Time of India
29-06-2025
- Business
- Time of India
MSMEs burdened by high compliance costs; face over 1,450 regulations annually: Report
File photo (ANI) India's manufacturing MSMEs are facing an overwhelming regulatory burden, with compliance costs ranging between Rs 13 to Rs 17 lakh per year, according to a new report by TeamLease RegTech. Titled 'Decoding Compliance for Manufacturing MSMEs in India', the study highlights the high volume, complexity, and cost of adhering to India's regulatory landscape for small businesses. As per news agency ANI, the report reveals that a typical manufacturing MSME operating in a single state must comply with over 1,450 regulatory obligations annually across seven categories of law. This includes managing 48 different registers, facing 59 types of inspectors, and adhering to 486 imprisonment clauses—many of which are linked to procedural violations. 'The compliance burden is not only intricate but also expensive,' said the report, adding that labour laws alone contribute to 66% of all imprisonment-related clauses, exposing MSMEs to significant legal risks for minor missteps. TeamLease RegTech CEO Rishi Agrawal emphasised the need for regulatory reform. 'The data reflects an urgent need for reimagining compliance for unshackling India's MSME entrepreneurs,' he was quoted as saying by ANI, pointing to the success of India's Digital Public Infrastructure (DPI) in transforming payments. 'We need to add compliance to India's DPI stack,' he added. The report also noted the dynamic nature of India's regulatory environment, with an average of 42 legal updates per day. In FY 2024-25 alone, there were 9,331 regulatory changes across different ministries, departments, and authorities. Around 90% of these changes directly impact MSMEs, which make up a massive 6.45 crore enterprises in the country. These findings align with concerns raised by entrepreneurs on MSME Day, which was on Saturday (June 27), designated by the United Nations to recognise the sector's role in advancing Sustainable Development Goals. Quoted by ANI, Vasu Naren, CMD of Sona Machinery, flagged poor supply chains, low-quality output, and inadequate digital connectivity as critical hurdles in sectors like food processing. 'Smart trade infrastructure and real-time electronic platforms must become the new norm in the MSME sector,' he said, urging greater government support for trade fairs and digital outreach to help MSMEs expand into international markets. Others echoed similar concerns. Shabnum Khan of 750AD Healthcare pointed to the urgent need for R&D support and data privacy frameworks, while Dinesh Chandra Pandey of Shankar Fenestrations cited difficulties in finding skilled labour and the pressure from rising raw material costs. IT-based MSMEs also lack effective incubation support. 'Government-led incubators often focus on theory, while private ones offer hands-on mentoring, operational guidance, and funding,' said Abhinav Rao, CEO of ParentVerse. The cumulative feedback paints a picture of a sector full of potential but constrained by outdated processes, excessive criminalisation, and fragmented regulatory oversight. As the report highlighted, such burdens restrict formalisation, limit employment growth, and stifle innovation. Entrepreneurs and industry experts are now calling on policymakers to streamline regulations and create a more enabling ecosystem to let India's MSMEs thrive and contribute meaningfully to the country's growth story. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Hans India
28-06-2025
- Business
- Hans India
Robust MSME ecosystem key for sustainable growth: Prez
New Delhi: A robust micro, small, and medium enterprises (MSME) ecosystem is not only important but also essential for the country's sustainable economic development, President Droupadi Murmu said on Friday. Addressing the 'MSME Day' celebration in the national capital, she said that MSMEs are a strong pillar of the country's economy. 'They contribute significantly to GDP and promote innovation at the grassroots level. These enterprises generate more employment opportunities at a relatively low cost of capital. Most importantly, these enterprises generate employment in rural and backward areas,' Murmu told the gathering. She said that there is no doubt that the MSME sector is playing an important role in the progress of the country. 'However, this sector also faces many challenges, the major ones among them being the problem of finance, competition from big corporations, lack of latest technology, lack of raw material and skilled workforce, limited market and delayed payment,' the President emphasised.
Time of India
27-06-2025
- Business
- Time of India
Defence forces seek more MSME participation from eastern region
1 2 3 Kolkata: Defence forces are keen to enrol more micro, small and medium enterprises from the eastern region, including Bengal, and have sought the support of leading chambers to work as a bridge with local MSMEs for defence manufacturing. At the BCC&I Atmanirbhar Bharat Award & Conclave in the city on Friday, defence officials appealed to the MSME sector to come forward. Arjun Kumar, additional director of directorate of technology development fund of DRDO, said the organisation was pushing new projects for developing indigenous capabilities. According to him, the number of projects from the eastern region was fewer compared to the south, especially Hyderabad. "There are a few companies from Assam and Bengal involved in the projects. There are 80 projects under the fund but only 4-5 from the east," Kumar added. You Can Also Check: Kolkata AQI | Weather in Kolkata | Bank Holidays in Kolkata | Public Holidays in Kolkata Arunava Bhattacharya, officer in charge, QAE (Naval), Kolkata, said Indian Navy was on a massive shipbuilding spree and needed indigenous manufacturers. "We want to increase our vendor base here. Once, Bengal MSMEs used to be a major supplier of components to the navy and other defence forces," he said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Perdagangkan CFD Emas dengan Broker Tepercaya IC Markets Mendaftar Undo Sushil Mohta, chairman of World Trade Center, NDITA, during his presentation, said it was facilitating Indian MSME participation at Oil & Gas Asia, Kuala Lumpur, Malaysia, for the first time. "WTC will play a catalytic role in promoting international trade opportunities for MSMEs here by leading a 20-member business delegation," he said. Meanwhile, FICCI West Bengal State Council organised the 6th edition of 'Empowering MSMEs for a Sustainable Future' on Friday. MSME secretary Rajesh Pandey said Bengal has over 93 lakh enterprises and the highest number of women-led enterprises in the country. The Merchant's Chamber of Commerce also organised a seminar on MSME Day.
India Today
27-06-2025
- Business
- India Today
Maharashtra partners with Nasscom foundation to boost micro-entrepreneurship
Aligned with MSME Day, Nasscom Foundation signed a flagship Memorandum of Understanding (MoU) with the Maharashtra Small Scale Industries Development Corporation Ltd. (MSSIDC), Government of Maharashtra. The collaboration aims to drive a large-scale capacity building program focused on strengthening the competitiveness and sustainability of 15,000 Udyam-registered micro and small entrepreneurs across the state with special focus on empowering women entrepreneurs. Nasscom Foundation will work closely with MSSIDC officials and the KPMG-led State Program Implementation Unit to strengthen the capacities of these micro initiative will be implemented under the Raising and Accelerating MSME Performance (RAMP) Programme, supported by the World Bank. It focuses on women entrepreneurs across key sectors such as energy efficiency, textiles, coir, handicrafts, renewable energy, manufacturing, waste management, and ODOP industries, enabling them with better access to digital tools, finance, and and training on the (Intellectual Property Rights) IPR Scheme for MSMEs, guidance on loans and digital loan application processes, and financial knowledge and managThrough this project, Nasscom Foundation will deliver a structured capacity-building program focused on three critical areas. ement. The initiative is designed not just to inform but to equip entrepreneurs with practical tools they need to formalize their businesses, access credit, and scale sustainably. Jyoti Sharma, CEO, Nasscom Foundation, emphasizing on the need for this initiative in today's business landscape commented, "Our MSMEs don't lack ideas, they often just lack access. This partnership with Maharashtra Small Scale Industries Development Corporation is about changing that. By offering targeted capacity building, we are not only supporting the entrepreneurs especially the women entrepreneurs, understand policies and processes but giving them the tools to build stronger, more resilient businesses. It's a step toward making India's MSME sector truly inclusive, digitally equipped, and globally competitive."advertisementPrashali Jadhav Dighavkar, Joint Managing Director, Maharashtra Small Scale Industries Development Corporation Ltd., said, "Strengthening MSMEs is central to driving Maharashtra's economic growth, and Intellectual Property Rights (IPRs) are a critical part of that journey. By building awareness about IPR across the state, we aim to equip small-scale industries with the knowledge and tools they need to protect their innovations and scale sustainably. These joint efforts are not just about legal awareness-they are about fostering innovation, encouraging ideation, and enabling the incubation of new businesses and entrepreneurial ventures that will shape the future of Maharashtra's MSME ecosystem."While MSMEs form the backbone of India's economy, they continue to face systemic challenges such as informal operations, limited access to credit, lack of awareness about government schemes, and weak digital adoption. This program addresses these challenges by offering entrepreneurs clarity, capability, and connection. By focusing on practical knowledge, scalable delivery, and strong government collaboration, this initiative aims to build a stronger, more future-ready MSME ecosystem in Maharashtra-and eventually, across Maharashtra Small Scale Industries Development Corporation Ltd., (MSSIDC), was established on October 19, 1962, with a view to giving a new orientation and strength to the development of Small Scale Industries (SSI) in the State of Maharashtra. The main objective of MSSIDC is to aid, counsel, assist, finance, protect and promote the interests of Small Industries. The Corporation renders assistance to approximately 30000 SSI units in the State. MSSIDC plays a vital role in revival, development, and growth of traditional handicrafts of Maharashtra by responding to the diversified needs of rural artisans and marketing their products in India as well as abroad.- Ends
