India targets big boost to MSME ties under 2026 BRICS Chairship
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Cooperation areas
Source: Lokmat Times | Original Published At: 2026-05-08 08:33:02 UTC
Key Points
- India spearheads a renewed agenda for MSME cooperation under the BRICS Partnership on the New Industrial Revolution (PartNIR) during its 2026 Chairship.
- The Ministry of MSME is mandated to convene three SME working group meetings and the inaugural BRICS MSME Forum.
- The first SME Working Group Meeting was held online on April 24, 2026, with a specialized focus on access to finance for MSMEs.
- Deliberations centered on bridging the credit gap through financial inclusion, literacy, and fintech-driven ecosystems.
- BRICS member countries participated to exchange experiences and best practices on MSME financing challenges.
- Participants reaffirmed commitment to fostering resilient, inclusive, and globally competitive MSME sectors across BRICS economies.