The Union budget is likely to propose an industrial area development scheme focused on micro, small and medium enterprises with funds to not only expand and upgrade existing industrial areas with common infrastructure but also develop new industrial areas.

BlueOrchard has invested Rs 87 crore in Micro, Small and Medium Enterprises (MSMEs) lender, Aye Finance, in a debt round of funding. The funds will be used in rolling out several affordable and customisable credit solutions to the small business sector and empower them.

Kerala, in its pursuit to boost the Micro Small and Medium Enterprises (MSMEs) in the state, will take help of the Union Government’s Open Network for Digital Commerce (ONDC) to ensure they get a level playing field with e-commerce majors like Amazon and Flipkart.

Uttar Pradesh a major economy and creating employment opportunities, projects consisting of over 865 units of MSME worth Rs 3586 crore will be set up in the third ground-breaking ceremony in the state.

Aiming to boost the export sector of Uttar Pradesh and create more employment in the Micro, Small & Medium Enterprises (MSME) sector, the Government of Uttar Pradesh will be launching three flatted factory complexes in Agra, Kanpur and Gorakhpur.

The state is gearing up to develop its biggest integrated industrial township at Telangana Industrial Federation Micro Small and Medium Enterprises (TIF-MSME) Green Industrial Park, for the convenience of the workforce in the park. This township will accommodate as many as 30,000 workers and entrepreneurs and help them avoid travelling.

All the 450 MSMEs units in the Telangana Industrial Federation Micro Small and Medium Enterprises (TIF-MSME) Green Industrial Park would be made fully operational by December 2022. The industrial park is located around 12 km from Ramoji Film City in Dandumalkapur of Yadadri-Bhuvanagiri district.

The Uttar Pradesh government has allotted 1,100 plots to apparel and toy manufacturers along with micro, small and medium enterprises and other industries in the Yamuna Expressway Industrial Development Authority (YEIDA) area, a UP minister has said.

The Andhra Pradesh government will release Rs. 1,124 crore as incentives to support micro, small and medium enterprises, textile and spinning mills. While MSMEs will get a Rs. 440 crore push, textile and spinning mills will be allotted Rs 684 crore.