MSME
Islam Azzam, chairperson of the Financial Regulatory Authority (FRA), held an expanded meeting with representatives of companies financing micro, small, and medium enterprises (MSMEs), emphasizing responsible pricing frameworks. He stressed balancing business sustainability and client protection to build confidence and drive sector growth.
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पश्चिम एशिया में युद्ध से उत्पन्न लॉजिस्टिक्स बाधाओं के कारण चिंताओं के बीच सरकार ने गुरुवार को निर्यातकों के लिए 497 करोड़ रुपये का राहत पैकेज घोषित किया। यह RELIEF नामक योजना तीन घटकों वाली है जो ECGC क्रेडिट इंश्योरेंस को मजबूत करती है और MSMEs को समर्थन देती है।
Bassil Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), announced that the agency has channeled EGP 22.7 billion in funding since 2022, supporting around 493,000 projects across governorates and creating over one million jobs. Young people and women received 47% of the total financing. The agency also organized more than 1,600 training programs to enhance administrative skills.
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The Union Cabinet has approved a six-year Export Promotion Mission worth Rs 25,060 crore to bolster Indian exports facing a 50 per cent US tariff hit. This comes as shipments to the US declined 12 per cent in September. The mission targets key sectors like textiles and engineering goods to sustain jobs and diversify markets.