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Manjhi Spotlights MSME, Credit Surge in FY25

Indian Minister Manjhi highlights MSME growth and credit growth in FY 2025Indian MSME Minister Jitan Ram Manjhi has highlighted the rapid progress made by the micro, small and medium enterprises (MSME) sector. He was addressing a press conference in Mumbai on July 4, 2025, after review visits to IDEMI and Khadi and Village Industries Commission (KVIC) offices on July 3.Describing MSMEs as the second largest contributor to India's economy, Manjhi said the sector contributes 30.1 per cent to the country's GDP, 35.4 per cent to manufacturing and 45.73 per cent to exports. The minister shared that over 3.80 crore units are now registered on the Udyam portal that enables paperless registration for MSMEs, the Ministry of Micro, Small and Medium Enterprises said in a release.Additionally, over 2.72 crore units have been registered on the Udyam Sahayata portal launched to formalise informal micro enterprises. These 6.5 crore MSMEs have together generated employment for 28 crore people. He said the number of MSME units has increased fifteen-fold in the last five years.Highlighting government assistance schemes, Manjhi said the Pradhan Mantri Employment Generation Programme (PMEGP) has facilitated employment to 80.33 lakh individuals, of which 80 per cent of the beneficiaries are in rural India. Under the Credit Guarantee Scheme, over 1.18 crore guarantees worth ₹9.80 lakh crore ($117.6 billion) have been approved so far, with a record ₹3 lakh crore ($36 billion) of credit guarantees extended in fiscal year 2025 (FY25) alone. The number of beneficiaries is expected to triple by 2029.He said the case backlog on the MSME Samadhaan portal, designed to resolve issues of delayed payments, has come down from 93,000 in October 2017 to 44,000 currently.The minister also lauded entities like KVIC, Coir Board and National Small Industries Corporation Ltd for promoting small industries and contributing to GDP and exports. He reaffirmed the government's commitment to empower artisans through initiatives like the PM Vishwakarma Yojana, which provides end-to-end support to 18 traditional businesses.read more :- Kharif 2025: Maize, Cotton Gain in Karnataka; Pulses Lag

Kharif 2025: Maize, Cotton Gain in Karnataka; Pulses Lag

Kharif 2025 update: Maize, cotton continues to gain area in Karnataka, pulses trails.Acreages under pulses are trailing in Karnataka, where farmers are seen expanding the area under maize and cotton this kharif cropping season.As per the latest crop sowing data, a total of 50.57 lakh hectares (lh) has been covered under various kharif crops till July 5, accounting for some 61 per cent of the targeted area of 82.50 lh for the kharif 2025 cropping season. Rainfall during the period of June 1- July 5 was surplus 4 per cent at 252 mm against the normal of 241 mm across the State.Among cereals, maize has been the biggest gainer with acreages touching 13.98 lh, up 14.6 per cent over same period last year’s 12.20 lh. The maize acreages are 68 per cent higher than the normal for the period of 8.32 lh. Other cereals such as paddy, jowar, bajra, ragi and minor millets are trailing their corresponding last year’s levels.Overall pulses area is down 13 per cent over corresponding last year till July 5. Acreages under Tur are down by 21 per cent at 9.88 lh till July 5 over same period last year’s 12.50 lh. However, tur acreages are up 47 per cent over the normal for the period of 6.71 lh.Prevailing bearish trend prices of pulses, due to higher supplies are weighing on the sowing pattern this kharif season as farmers are seen preferring other remunerative crops like maize and cotton.Blackgram area is flat at 0.87 lh, while green gram area has seen a marginal increase at 4.04 lh (3.93 lh in corresponding period last year).Like pulses, even oilseeds acreages are trailing last year’s levels at 5.61 lh (6.18 lh). Groundnut area is down at 1.06 lh (1.46 lh), while soyabean is also marginally lower at 3.94 lh (4.18 lh).However, cotton area is up at 6.11 lh (5.47 lh) and sugarcane at 6.13 lh (5.42 lh). Tobacco area is also seen marginally higher at 0.77 lh (0.74 lh).read more :- Rupee falls 28 paise to close at 85.86

CCI Weekly Cotton Sales Report

Cotton Corporation of India (CCI) conducted online bidding for cotton bales throughout the week, with the summary of daily sales being as follows:Daily Sales Summary:30 June 2025:The highest daily sales of the week were recorded on this day, with 6,11,000 bales sold — comprising 6,10,800 bales (2024-25) and 200 bales (2023-24). Of these, 2,05,700 bales (including 200 from 2023-24) were sold in the Mills session, and 4,05,100 bales in the Traders session.01 July 2025:A total of 1,25,100 bales were sold — 1,24,900 bales (2024-25) and 200 bales (2023-24). The Mills session accounted for 49,700 bales (including 200 from 2023-24) , and the Traders session for 75,400 bales.02 July 2025:Daily sales stood at 51,700 bales, all from the 2024-25 season, including 16,200 bales in the Mills session and 35,500 bales in the Traders session.03 July 2025:A total of 31,800 bales were sold — 31,600 bales (2024-25) and 200 bales (2023-24). The Mills session contributed 17,400 bales (including 200 from 2023-24) , and the Traders session 14,400 bales.04 July 2025:The week concluded with sales of 82,400 bales from the 2024-25 season, including 23,900 bales in the Mills session and 53,500 bales in the Traders session.Weekly Total:The cumulative sales for the week amounted to approximately 9,02,000 cotton bales, reflecting CCI’s continued focus on efficient digital transactions and active market engagement.SiS is committed to updating you in real time on all textile related news.read more :- Cotton price fall: Question on government

Cotton price fall: Question on government

Cotton price issue: Government responsible for falling cotton pricesNagpur : The Nagpur bench of the Bombay High Court on Thursday (3) reprimanded the state government and the Cotton Corporation of India (CCI) for not having any concrete policy regarding cotton procurement centers in the state. Deliberate delay in opening procurement centers benefits private traders and causes huge financial loss to farmers. The court said that this delay is directly responsible for the falling prices of cotton and the state government is responsible for it.The PIL filed by Shriram Satpute of Maharashtra's Upbhokta Panchayat was heard before Justice Nitin Sambre and Justice Sachin Deshmukh. According to the petition, cotton procurement centers are opened late every year. Due to this, farmers are forced to sell cotton to private traders at a price lower than the guaranteed price. After this, these traders make huge profits by selling the same cotton at a higher price. This causes loss to the farmers.In this case, CCI had submitted an affidavit in the court and told that 121 cotton procurement centers have been started in the state from October 1, 2024. Also, 7 more procurement centers have been started in the state on the request of the state government and public representatives. That is, a total of 128 cotton procurement centers are running in the state.On the other hand, the petitioner had claimed that CCI is giving wrong and misleading information to the court. The petitioner had also said that tenders were issued to start many cotton procurement centers in December 2024 and January 2025. From this it is clear that many cotton procurement centers were not started in October.If the procurement centers had started in October, then why would the secretary of Krishi Upaj Mandi Samiti write a letter to CCI requesting to start the center? After considering all the aspects in this regard, the court has fixed the next hearing of this case on July 28. Petitioner Shriram Satpute himself presented the arguments.What is the area and production of cotton cultivation?Justice. Terming the matter as very serious, a division bench of Justice Nitin Sambre and Justice Sachin Deshmukh directed the state government to submit detailed information of cotton cultivation and production of the last three years before July 28. The court said that to protect the interests of farmers, the cotton procurement process should start on time and there should be transparency in it.read more :- Rupee Ends Flat at 85.39/USD

Increased Domestic Consumption of Cotton Yarn Supports Value Addition

Increased Domestic Consumption of Cotton Yarn Supports Value AdditionChennai: Amidst slower exports, cotton yarn mills have seen traction in domestic demand. Increased consumption by downstream industries has been supporting higher value addition while helping yarn producers register sales growth. Cotton yarn exports fell by 5 per cent in FY25 due to weak offtake from China. Bangladesh, China, and Vietnam collectively account for around 59 per cent of Indian cotton yarn exports. In FY2025, export volumes to China dipped by 66 per cent.However, domestic yarn consumption, which accounts for 67 per cent of the production, grew 2 per cent, offsetting the lower export demand. The industry is likely to further shift gears in FY2026, with yarn demand likely to gain traction from the healthy prospects in domestic demand, especially with strong off-take from downstream segments like apparels, which are benefiting from global vendor diversification programmes.Apparel exports grew 10 per cent in FY25 to $15.9 billion, with demand from the US and Europe. The bilateral trade deals with different countries are expected to further increase apparel exports in FY26. ICRA expects domestic spinners to report a sales volume growth of 4-6 per cent and 6-9 per cent revenue growth in FY26. The Indian cotton spinning industry has seen a modest recovery in FY2025. This follows a period of subdued demand from end-segments in the preceding two years. Higher yarn consumption by downstream industries supports higher value addition and increased employment generation, in turn improving overall export growth. Despite slower yarn exports, the total textile exports grew 6.32 per cent to $36.6 billion in FY25.Read More:- Farmers not getting price for cotton: Gujarat agriculture minister flags dip in acreage.

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