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MSME credit grows at 11% YoY, led by micro segment

MSME credit grows at 11% YoY, led by micro segment

Data from TU CIBIL-SIDBI shows MSME credit grew at 11 per cent year-on-year (YoY) to Rs 23 trillion…

Growth in Banks’ Non-Food Credit Slows Down to 19% in April; Sharp Decline in NBFC Loan Growth to About 15%

Growth in Banks’ Non-Food Credit Slows Down to 19% in April; Sharp Decline in NBFC Loan Growth to About 15%

In April, the year-on-year growth of banks’ non-food credit slowed to 19.1%, reaching Rs 164.76 trillion, a slight…

Audi India launches Q7 Bold Edition at Rs. 97.84L

Audi India launches Q7 Bold Edition at Rs. 97.84L

Audi has introduced the Q7 Bold Edition in India, with a price tag of Rs 97.84 lakh (ex-showroom).…

September seeing 2024’s slowest uptick in business activity:

September seeing 2024’s slowest uptick in business activity:

HSBC Flash India Composite PMI drops to 59.3 this month from 60.7 in August: India’s private sector business…

Biden Slaps Higher Tariffs on Chinese EV Batteries, Chips

Biden Slaps Higher Tariffs on Chinese EV Batteries, Chips

U.S. President Joe Biden on Tuesday unveiled a bundle of steep tariff increases on an array of Chinese…

Recent Posts

Shri Chandrakant Salunkhe Recognized for Transforming the SME & Manufacturing Landscape at Udyog Sammelan organised by ZEE media

Shri Chandrakant Salunkhe Recognized for Transforming the SME & Manufacturing Landscape at Udyog Sammelan organised by ZEE media

BySMEConnect-DeskJan 27, 20251 min read

Shri Chandrakant Salunkhe, Founder & President, Maharashtra Industry Development Association and SME Chamber of India was felicitated by Hon’ble Minister for Industry of Maharashtra, Shri. Uday Samant and Hon’ble Minister for Skill development Shri Mangal prabhat Lodha at Udyog Sammelan organised by ZEE media for his Exemplary Contribution for the growth and empowerment of SME, […]

India’s finished steel imports from China hit 7-year high in April-Dec

India’s finished steel imports from China hit 7-year high in April-Dec

BySMEConnect-DeskJan 27, 20252 min read

India’s finished steel imports from China touched their highest levels in at least seven years during the first nine months of the financial year that began in April, according to…

MSME industry bodies seek RBI support for easier priority sector lending

MSME industry bodies seek RBI support for easier priority sector lending

BySMEConnect-DeskJan 26, 20253 min read

The official further said that the RBI only partially restored this classification to the extent of Rs. 20 lakhs per borrower. Hence, NBFCs funding to MSEs is now restricted. The…

India’s exports hit a record high despite a global trade slowdown

India’s exports hit a record high despite a global trade slowdown

BySMEConnect-DeskJan 26, 20257 min read

Focus on certain countries and products has led to increased exports. Can this be sustained? INDIA’S MERCHANDISE foreign trade data for October 2024 came packed with a pleasant surprise. The…

Of 61 Davos deals for Maharashtra, 51 are with Indian firms, with 43 already in Mumbai-Pune: Congress leader

Of 61 Davos deals for Maharashtra, 51 are with Indian firms, with 43 already in Mumbai-Pune: Congress leader

BySMEConnect-DeskJan 24, 20253 min read

State Congress Chief questions BJP’s claims of big investments, job creation at the World Economic Forum in Davos; claims these deals show Government is promoting criminals, black-market activity. Maharashtra Congress…