India faces a significant challenge as the US imposes a 50% tariff on $48.2 billion worth of its exports, effective Wednesday, heavily impacting labor-intensive sectors like textiles and seafood. The government is strategizing to mitigate the effects through an Export…
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From targeted sectoral support to credit easing for MSMEs to liquidity infusion, the central bank is undertaking several measures to help the industry weather the storm.
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The fundamentals of the MSME sector should be revisited every five years, with a focus on measures that can truly unlock their potential, says Rajneesh, Additional Secretary, Ministry of MSME.
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MSMEs are the true engines of growth, contributing over 30 per cent to GDP, 45 per cent to exports, and providing employment to more than 28 crore people, particularly with their presence across Tier-2 and Tier-3 cities, an MSME Ministry…
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Stress is rising in micro, small and medium enterprises and vehicle finance. MSME borrowers with multiple loans are increasing. Portfolio at risk is also up for unsecured biz loans. Micro MSME loan defaults are a concern for NBFCs.
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The apex rural development bank has secured the central bank approval for raising funds through ECBs in FY26 for climate-related activities through multilateral agencies. ‘NABARD is in talks to start operations of its ECB issuance in GIFT City and, if…
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