Telangana Government Unveils Rs.4,000 Crore MSME Policy

23 Sep 2024 CW Team

The Telangana government plans to invest Rs.4,000 crore over the next five years to develop Micro, Small, and Medium Enterprises (MSMEs) as part of the "Telangana MSME Policy 2024."

The new policy aims to boost the MSME sector by addressing key areas: land accessibility, financing, raw material access, labor market flexibility, technology adoption, and market access. The goal is to establish over 25,000 new MSMEs in the state within five years.

Key Highlights:

Investment: Rs.4,000 crore allocated for MSME development over five years.

Trust Areas for Improvement:

Land availability, accessibility, affordability Access to finance Raw materials access Labor market flexibility Technology adoption Market access Support for Self-Help Groups: The policy facilitates SHGs' transition to MSMEs with comprehensive support structures.

Procurement Policy: A new procurement policy will prioritize MSMEs, especially those owned by SC/ST individuals and women.

Green Technology Incentives: Additional 15% floor area for MSMEs adopting solar energy or solid waste management practices, or achieving green building ratings.

MSME Parks: Five new MSME parks planned, with one dedicated to supporting ZED (Zero Defect Zero Effect) certification.

E-Commerce Promotion: The government aims to increase e-commerce participation through platforms like the ONDC portal and government E-marketplace.

Conclusion: The Telangana MSME Policy 2024 is set to transform the business landscape, enhancing growth and sustainability in the state's economy.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..