Public procurement portal Government e-Marketplace (GeM) signed a Memorandum of Understanding (MoU) with Small Industries Development Bank of India (SIDBI) in order to help MSMEs, women entrepreneurs, Self Help Groups (SHGs), Women Self Help Groups and various loan beneficiaries under MUDRA and Stand-up India scheme, according to a government press release.
Abhishek Bansal, The Indian rupee has been depreciating since the first week of July and in the last eight weeks it lost almost 4.3 percent against the dollar.
Uttar Pradesh government has initiated preliminary talks with the International Finance Corporation (IFC) seeking easy flow of capital to the Micro, Small and Medium Enterprises (MSME) sector in the state.
Amid reports of several textile units in Rajasthan facing financial crisis and slowdown, the state recently reached out to mill owners and industry associations, promising them resolution of issues.
Micro, Small and Medium Enterprises (MSMEs) are the backbone of the Indian economy but they face several challenges in production, quality control, testing, marketing, etc.
A textile processing cluster will be set up at a private industrial estate at Thamaraipatti in Virudhunagar district of Tamil Nadu to promote more inclusive and eco-friendly garment production.