INDIA ADVANCES BRICS MSME COOPERATION UNDER ITS 2026 CHAIRSHIP

Posted On: 08 MAY 2026 1:07PM by PIB Delhi As Chair of BRICS in 2026, India is spearheading a renewed agenda for MSME cooperation under the BRICS Partnership on the New Industrial Revolution (PartNIR). During India’s Chairship, the Ministry of MSME is mandated to convene three SME Working Group Meetings and the inaugural BRICS MSME Forum. The 1st SME Working Group Meeting (webinar) was successfully convened on 24th April 2026 with a specialized focus on &ldquo;Access to Finance for MSMEs&rdquo;. The deliberations among BRICS Member Countries centered on the themes of &ldquo;Bridging the MSME Credit Gap through Financial Inclusion, Literacy and Credit Readiness&rdquo; and &ldquo;Fintech-Driven Ecosystems: Expanding SME Credit and Seamless Global Trade Payments&rdquo;. The webinar witnessed active participation from BRICS Member Countries and served as an important platform for exchanging experiences and best practices on MSME financing challenges and opportunities. Discussions highlighted the critical role of MSMEs as key drivers of economic growth, employment generation, innovation, and inclusive development, and underscored the persistent challenges relating to timely and adequate access to credit. The deliberations emphasized on the need for a multi-pronged approach to bridge the credit gap through financial inclusion and improved financial literacy and strengthening credit capacities of MSMEs. The Meeting further emphasized the importance of enhanced collaboration among BRICS economies to strengthen institutional capacities, promote innovative financing mechanisms, and build a supportive ecosystem for MSME finance. The discussions also facilitated valuable policy exchange among BRICS Member Countries facing similar developmental challenges and reaffirmed the shared commitment towards fostering resilient, inclusive, and globally competitive MSME sectors across BRICS economies. **** Sunil Kumar Tiwari E-mail hipessi[at]gmail[dot]com (Release ID: 2258985) Visitor Counter : 1765 Read this release in: Urdu , हिन्दी , Manipuri , Gujarati , Tamil , Telugu Ministry of Micro,Small & Medium Enterprises INDIA ADVANCES BRICS MSME COOPERATION UNDER ITS 2026 CHAIRSHIP Posted On: 08 MAY 2026 1:07PM by PIB Delhi As Chair of BRICS in 2026, India is spearheading a renewed agenda for MSME cooperation under the BRICS Partnership on the New Industrial Revolution (PartNIR). During India’s Chairship, the Ministry of MSME is mandated to convene three SME Working Group Meetings and the inaugural BRICS MSME Forum. The 1st SME Working Group Meeting (webinar) was successfully convened on 24th April 2026 with a specialized focus on &ldquo;Access to Finance for MSMEs&rdquo;. The deliberations among BRICS Member Countries centered on the themes of &ldquo;Bridging the MSME Credit Gap through Financial Inclusion, Literacy and Credit Readiness&rdquo; and &ldquo;Fintech-Driven Ecosystems: Expanding SME Credit and Seamless Global Trade Payments&rdquo;. The webinar witnessed active participation from BRICS Member Countries and served as an important platform for exchanging experiences and best practices on MSME financing challenges and opportunities. Discussions highlighted the critical role of MSMEs as key drivers of economic growth, employment generation, innovation, and inclusive development, and underscored the persistent challenges relating to timely and adequate access to credit. The deliberations emphasized on the need for a multi-pronged approach to bridge the credit gap through financial inclusion and improved financial literacy and strengthening credit capacities of MSMEs. The Meeting further emphasized the importance of enhanced collaboration among BRICS economies to strengthen institutional capacities, promote innovative financing mechanisms, and build a supportive ecosystem for MSME finance. The discussions also facilitated valuable policy exchange among BRICS Member Countries facing similar developmental challenges and reaffirmed the shared commitment towards fostering resilient, inclusive, and globally competitive MSME sectors across BRICS economies. **** Sunil Kumar Tiwari E-mail hipessi[at]gmail[dot]com (Release ID: 2258985) <span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px">As Chair of BRICS in 2026, India is spearheading a renewed agenda for MSME cooperation under the BRICS Partnership on the New Industrial Revolution (PartNIR). During India’s Chairship, the Ministry of MSME is mandated to convene three SME Working Group Meetings and the inaugural BRICS MSME Forum.</span></span></p> <p style="margin-left:0cm; text-align:center"><img alt="" src="https://static.pib.gov.in/WriteReadData/userfiles/image/image0010UKE.jpg" style="height:300px; width:500px" /></p> <p style="margin-left:0cm; text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px">The 1st SME Working Group Meeting (webinar) was successfully convened on 24th April 2026 with a specialized focus on &ldquo;Access to Finance for MSMEs&rdquo;. The deliberations among BRICS Member Countries centered on the themes of &ldquo;Bridging the MSME Credit Gap through Financial Inclusion, Literacy and Credit Readiness&rdquo; and &ldquo;Fintech-Driven Ecosystems: Expanding SME Credit and Seamless Global Trade Payments&rdquo;.</span></span></p> <p style="margin-left:0cm; text-align:center"><img alt="" src="https://static.pib.gov.in/WriteReadData/userfiles/image/image0027YK6.jpg" style="height:300px; width:500px" /></p> <p style="margin-left:0cm; text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px">The webinar witnessed active participation from BRICS Member Countries and served as an important platform for exchanging experiences and best practices on MSME financing challenges and opportunities. Discussions highlighted the critical role of MSMEs as key drivers of economic growth, employment generation, innovation, and inclusive development, and underscored the persistent challenges relating to timely and adequate access to credit. The deliberations emphasized on the need for a multi-pronged approach to bridge the credit gap through financial inclusion and improved financial literacy and strengthening credit capacities of MSMEs.</span></span></p> <p style="margin-left:0cm; text-align:center"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><img alt="" src="https://static.pib.gov.in/WriteReadData/userfiles/image/image003S0PC.jpg" style="height:300px; width:500px" /></span></span></p> <p style="text-align:justify"><span style="font-family:"Times New Roman",Times,serif; font-size:16px">The Meeting further emphasized the importance of enhanced collaboration among BRICS economies to strengthen institutional capacities, promote innovative financing mechanisms, and build a supportive ecosystem for MSME finance. The discussions also facilitated valuable policy exchange among BRICS Member Countries&nbsp;</span><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px">facing similar developmental challenges and reaffirmed the shared commitment towards fostering resilient, inclusive, and globally competitive MSME sectors across BRICS economies.</span></span></p> <p style="margin-left:0cm; text-align:center"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px">****</span></span></p> <p style="margin-left:0cm; text-align:justify"><strong><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px">Sunil Kumar Tiwari</span></span></strong></p> <p style="margin-left:0cm; text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px">E-mail&nbsp; hipessi@gmail.com</span></span></p> " /> var mPlayer = document.getElementById("background_music"); var mPlayAction = document.getElementById("playbutton"); 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