The Union MSME Minister Narayan Rane on the 11th of January 2023 launched Udyam Assist, a formalization platform for Informal Micro Enterprises (IME).

Of the 1,536 laws that govern doing business in India, more than half carry imprisonment clauses; of the 69,233 compliances that businesses have to follow, 37.8 percent (almost 2 out of every five) carry imprisonment clauses, per Observer Research Foundation.

Unfavorable exchange rate, falling rupee value, or inability to pass on the high prices, nearly half (43%) of the small and medium businesses would not be able to achieve the pre-pandemic top lines.

A Chennai-based MSME body - Association of Indian Entrepreneurs (AIE) in its budget suggestions to the government has sought a one-time settlement (OTS) credit support for MSMEs keen to wind up their present unprofitable business.

The International Trade Promotion Organization's white paper on circular economy recommended addressing the enormous funding gap for aspiring and established entrepreneurs in the creation of sustainable packaging.

The Finance Minister has advised banks to support MSMEs that have adopted certain sustainability standards for manufacturing. The move is part of the government’s efforts to encourage MSMEs to become responsible manufacturers.

National Logistics Policy is an initiative by the Government to address the inefficiencies in the logistics sector which are responsible for substandard service & high logistic costs. NLP was launched on 17th September 2022 by the Prime Minister, Mr. Narendra Modi.

SIDBI, D&B to create an index that will capture business sentiments which will be tracked on a quarterly basis having various parameters. This will help in providing valuable insights on the ESG framework adoption.

The ET MSME Awards 2022, a flagship program of the Economic Times Digital, are likely India's most unbiased initiative to honour and recognize top Indian MSME companies for their exceptional success in business performance and contributions to the nation's economic growth.

Union Finance Minister Nirmala Sitharaman on Friday appealed the private sector to clear dues of MSMEs and small businesses within 45 days.

25 banks which together represent 76% of the banking industry participated in the fifteenth round of the FICCI-IBA Survey.

Of the 63 million enterprises in India, only 1 million (1.6%) are in the formal sector.

The MSME sector's economy was the one that got badly affected by the pandemic as the financials got hit with the operations coming to a complete standstill and no market activity.

According to Vishal Prakash Shah, CEO of an SME-focused IT firm, Google's latest policy changes will make Gmail four times more expensive for MSMEs as they will be compelled to purchase 2 TB of storage because Google withdrew the ability to upgrade to 100 GB of storage.

GST refunds for export commodities are available on invoices of more than Rs 25,000; however, in e-commerce, where the goods sold are often worth less than Rs 10,000, MSMEs must still pay 18% GST.

MSMEs account for 48% of the total energy consumption by India’s industrial sector – this provides a huge opportunity for leveraging non-conventional energy sources to reduce the overall dependency on fossil fuels.

70% of the 476 firms surveyed that adopted the digital transformation during the covid situation reported an increase in their sales volume. About 65% of firms experienced an increase in turnover and 54% reported an increase in their profits.

According to a recent survey by CAIT, corporate brands (~3,000) serve the Retail Trade needs of around 20% of India's population, while small and medium-sized businesses selling in smaller quantities (~30,000 brands) cater to the rest 80%, in some sort of reverse pareto principle.

According to the public procurement policy monitoring portal MSME Sambandh, since FY19 the central government's aggregate purchase from MSEs has exceeded the 25% minimum yearly criterion on a consistent basis.

The open public digital infrastructure framework, the Open Network for Digital Commerce (ONDC), is all set to launch its beta version in 5 cities – Delhi, Bangalore, Coimbatore, Shillong, and Bhopal. Beta version to be completed by end of April and actual launch expected in August.

With the pandemic pressuring employers to build contingency plans for enabling remote working, firms undergoing digital transformation are looking at Cloud based solution more favorably.

SMEs are struggling to manage their working capital as the receivables from customers are rising with no credit extension from suppliers.

The number of women-led MSMEs that have registered on the Udyam Registration Portal has increased by over 75% during the previous fiscal year.

As study by SPJIMR, revealed a greater than anticipated impact of inflation on family-run MSMEs.

A sector employing 12 crore people, responsible for half of the exports – yet fails to attract private capital into business leading to constant starvation of funds.

For improving the loan processes, the government in November 2018 announced a 59-minute in-principal loan scheme for the MSME sector.

Higher crude prices > higher freight prices > lower manufacturing growth > higher commodity inflation > lower GDP growth > lower job creation.

Around 15 million women-owned MSMEs in India face obstacles in accessing funds, technological support and market information. As many of them are home-based firms, infrastructural related challenges are common as well.