In India, Micro, Small, and Medium Enterprises (MSMEs) are the backbone of the country’s economic growth, generating employment and contributing significantly to the GDP. However, accessing credit has often been a significant challenge for such enterprises, especially for startups and small-scale businesses. This is where responsible lending plays a transformative role. At LendingKart, responsible lending […]
The India-UK FTA (Free Trade Agreement) opens up a new growth horizon for small textile makers by removing the 12% import duty on clothing shipments, effective July 15, 2026. This gives local workshops zero-duty access to British retail stores, putting them on equal footing with much larger global textile exporters. Removing that tariff barrier
Government’s New MSME Manufacturing Policy: Key Changes and Impact on Small Businesses
The government’s new MSME manufacturing policy, launched in 2026, strengthens small businesses by offering a ₹10,000 crore growth fund, increasing collateral-free loan limits to ₹10 crore, and solving delayed payments. These new rules help manufacturing units upgrade their technology and get funds without any complex paperwork. This strategic step turns local factories into globally
The MSME sector plays a vital role in employment generation, exports, innovation and the nation’s economic development. Despite their importance in the Indian economy, many of these businesses often have difficulty accessing timely financing, acquiring modern technology, and expanding efficiently. SIDBI’s latest efforts are aimed at overcoming these challenges and expanding avenues for financing
India Leads BRICS Discussion on MSME Technology Adoption: Key Takeaways for Businesses
The MSME sector in India is undergoing a digital revolution, and it’s only natural that this paradigm shift be at the heart of any future growth and development in the sector. Digital payment methods, cloud computing services and automation are revolutionising traditional business operations among SMEs. In this regard, India’s active contribution in the
Small Businesses Record Strongest Growth Since Covid: What It Means for MSMEs in India
For Indian small businesses, growth has peaked at its highest level since the Covid-19 pandemic. With consumer demand picking up pace and businesses embracing digitalisation, growth is no longer about recovery for most of the enterprises; it’s about expanding, and this growth is giving a boost to MSME growth in the country by opening
Government Removes 11% Cotton Import Duty: What It Means for India’s Textile MSMEs
The Indian textile sector has always been a story of resilience. The sector, with its powerhouses in Tiruppur, Surat and thousands of MSMEs across India, has successfully embraced changing fashion trends, changing policies, shifting international trade patterns and cut-throat competition. The recent decision to remove the 11% import duty on cotton marks another important
