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MSME Minister Jitan Ram Manjhi reviews flagship schemes in Puducherry, stresses technology, credit, skills and market access
The Minister urged banks to facilitate greater access to institutional credit for MSMEs and called upon all stakeholders to ensure effective implementation of Government initiatives for the growth of the sector. On 8 July 2026, he visited the MSME Technology Centre, Puducherry and reviewed the Centre's training and production facilities. The Minister interacted with trainees undergoing technology-driven skill development programmes and inspected products manufactured using advanced machinery. He emphasised that equipping youth with modern technology-driven skills and making them self-reliant and employment-ready is a key priority of the Ministry. He noted that MSME Technology Centres are playing a vital role in developing a skilled workforce, strengthening the manufacturing ecosystem and supporting the vision of Atmanirbhar Bharat and Viksit Bharat.
FirstCry-promoted Swara Baby Products files draft papers for ₹1,000-cr IPO
Swara Baby Products, a contract manufacturer of baby diapers, adult diapers and feminine hygiene products backed by FirstCry, on Thursday filed draft papers with markets regulator Sebi to raise Rs 1,000 crore through an initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares aggregating up to Rs 500 crore and an offer for sale (OFS) valued at Rs 500 crore by promoters, according to the draft red herring prospectus (DRHP). The OFS includes sale of shares worth up to Rs 300 crore by Brainbees Solutions Ltd, the parent company of FirstCry, and up to Rs 200 crore by Anadya Bon Merchari LLP. The company proposes to utilise the net proceeds from the fresh issue to set up a new manufacturing facility in Madhya Pradesh with an allocation of Rs 198.2 crore, repay or prepay loans amounting to Rs 100 crore, and invest Rs 27.5 crore in subsidiaries Solis Hygiene, Swara Hygiene and K.A. Enterprises Hygiene Pvt Ltd (KAEHPL) for repayment of their outstanding ...
eSARAS Empowers Women-Led Self-Help Groups by Connecting Rural Artisans to National Markets and Driving Inclusive Digital Growth
eSARAS is the official online marketplace of DAY-NRLM, built exclusively for products made by women Self-Help Groups and their federations. The well curated handrafted goods emerge from the very heart of the country- from weavers in Chanderi sarees from Madhya Pradesh to marble artisans in Rajasthan. They also include Pashmina producers nestled in the hills of Jammu & Kashmir. Every product on eSARAS carries a story, and every purchase is a direct connection to the artisan behind it.