Delta msme news

Here are some recent news updates related to MSMEs (Micro, Small and Medium Enterprises) in India:

Government Initiatives

  1. PM SVANidhi Scheme: The government has launched a new scheme to provide financial assistance to street vendors, with a focus on MSMEs. The scheme aims to provide a one-time loan of up to ₹10,000 to street vendors.
  2. MSME Registration: The government has made it mandatory for all MSMEs to register themselves on the Udyog Aadhaar portal to avail benefits and subsidies.
  3. Credit Guarantee Scheme: The government has launched a credit guarantee scheme to provide collateral-free loans to MSMEs.

Industry Trends

  1. Digital Payments: The Reserve Bank of India (RBI) has launched a new initiative to promote digital payments among MSMEs, with a focus on reducing cash transactions.
  2. E-commerce: The e-commerce industry is expected to grow at a CAGR of 20% in the next five years, creating new opportunities for MSMEs.
  3. Sustainability: MSMEs are increasingly focusing on sustainability and environmental sustainability, with many adopting eco-friendly practices and products.

Challenges

  1. Liquidity Crisis: Many MSMEs are facing a liquidity crisis due to delayed payments from large corporates and government agencies.
  2. Competition: MSMEs are facing intense competition from larger companies and foreign players, making it difficult to compete on price and quality.
  3. Regulatory Compliance: MSMEs are struggling to comply with complex regulations and laws, which can be time-consuming and costly.

Success Stories

  1. Startups: Many startups have successfully scaled up and become unicorns, creating new opportunities for MSMEs to partner and collaborate.
  2. Export Growth: India's MSMEs have seen a significant growth in exports, with many sectors such as textiles, leather, and gems and jewelry showing a strong performance.
  3. Innovation: MSMEs are driving innovation in various sectors, including healthcare, education, and technology.

These are just a few examples of the latest news and trends related to MSMEs in India. If you're looking for more information, I can try to provide you with some additional resources and articles.