Govt caps interest subvention at Rs 5 cr per IEC for MSME manufacturers

20 Sep 2024 CW Team

The government has set a limit on the interest subvention amount for MSME manufacturers at ₹5 crore per Interest Eligibility Certificate (IEC). This decision is aimed at streamlining financial support to micro, small, and medium enterprises (MSMEs) and ensuring that the assistance is utilized effectively.

The cap is part of the broader strategy to enhance the competitiveness of MSMEs in the manufacturing sector, enabling them to access affordable credit while encouraging growth and innovation. Industry experts believe that this measure will provide clarity and stability for manufacturers seeking financial assistance.

Equipment

13 May 2026

Ammann India Inaugurates Centralised Air Compressor System

Ammann India has inaugurated a new centralised air compressor system at its Machine Division as part of its green energy conservation and sustainable manufacturing initiatives.The newly installed system is designed to improve operational efficiency while optimising energy consumption, supporting the company’s long-term sustainability and carbon reduction goals. The upgrade is expected to deliver energy savings, reduce CO2 emissions, improve power efficiency and enhance production reliability.The system includes efficient air distribution, air drying and optimised load management to support r..

Blue Dart posts revenue growth in FY26 on e-commerce and B2B demand

Blue Dart Express Limited, South Asia’s express air and integrated transportation and distribution company, has reported year-on-year growth in revenue for the financial year ended March 31, 2026, driven by strong momentum in e-commerce shipments and B2B surface express solutions.Announcing its financial results after the Board Meeting held in Mumbai, the company said revenue from operations rose to Rs 6,141 crore in FY2025–26, compared to Rs 5,720 crore in FY2024–25. Profit after tax for the year stood at Rs 240 crore.For the quarter ended March 31, 2026, Blue Dart reported revenue from..

Terex launches TRAC vibration analysis system

Terex®, a global provider of specialised equipment solutions, has launched TRAC, a new vibration analysis system designed to deliver deeper insight into the performance, condition and long-term structural integrity of screening equipment.Announced in Hosur on May 11, 2026, the TRAC system is now available across screening equipment offered under Terex Materials Processing (MP) brands, including Powerscreen®, Finlay®, EvoQuip®, MDS®, Terex® Washing Systems, Terex® MPS (Cedarapids®, Simplicity®), MAGNA™ and Terex® Ecotec.Developed specifically for vibratory screening equipment by Ter..