MSMEs | Page 3

Business News

MSMEs Expect to Benefit From FM’s New Credit Guarantee Scheme

The INR 100 crore credit guarantee scheme is expected to serve as a vital catalyst for MSME growth and resilience by enabling businesses to secure financing without traditional barriers. Industry experts agree that this program has the potential to unlock new avenues of opportunity for MSMEs, encouraging entrepreneurship, fostering local manufacturing, and contributing to the nation's export ecosystem.
By Aditya Pran Mahanta
Business News

Need For Digital Transformation for MSMEs In India: Forvis Mazars Report

There are a total of 63.39 million MSMEs in India with over 99 per cent of them being micro-enterprises contributing 30 per cent to the country's GDP and 45 per cent to its exports. Despite their major game play in the economy these enterprises remain significantly under-digitized.