Nearly four million small entrepreneurs, involved in diverse businesses ranging from neighbourhood grocery stores to micro dairy units and carpentry services, availed loans up to Rs 10 lakh in 2016-17 through the scheme.
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Kalraj Mishra bats for acceleration to Khadi industry
Union MSME Minister Kalraj Mishra has expressed the willingness for Khadi products to be exempt from the new tax regime that has come into effect with the roll-out of Goods and Services Tax (GST) on July 1. The Union Minister was addressing a meeting with Khadi institution in the august presence …
Pernia’s Pop-Up Shop in interim talks with investors to raise first round of funds
Pernia’s Pop-Up Shop (PPUS), an online fashion store for men and women, started in the year 2012, is in advanced talks with investors to raise its first round of funding of around USD 1 to 1.5 million towards marketing and technology. Pernia’s POP-UP SHOP (PPUS), an online fashion sto…
Innovation gives birth to new businesses & accelerates economy, says Kris Gopalakrishnan
Infosys Co-Founder Kris Gopalakrishnan has said innovation and small and medium enterprises (SMEs) go hand in hand when it comes to economic growth. Innovation is important for every state and also good for the economy as well as SMEs, he said. Gopalakrishnan was speaking in an exclusive interact…
Exports share to top 10 destinations hike from 49% to 51.6% : PHD Chamber
Export volume to top ten export destinations declined 7.7 per cent from $154.05 billion to $142.55 billion in 2016-17 whereas export volume to rest of the economies declined 16.6 per cent from $160.36 billion in 2013-14 to $133.73 billion in 2016-17.
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GST Impact: Logistics industry likely to grow at 9-10% rate, says ICRA
The Goods and Services Tax (GST), which got introduced on July 1, is expected to be a good turn for the organised logistics players going forward. The logistics industry in India is likely to grow at a rate of 9-10 per cent over the medium-term, supported by underlying structural p…
Evening Post | July 10, 2017 | GST to boost MSME competitiveness | Lean manufacturing & tech are tools of manufacturing hub
GST to boost MSME competitiveness & help industry contribute $280 b to GDP by 2026: Study Industry is estimated to contribute $280 billion to India’s GDP by 2026 as a positive fall-out of the Goods and Services Tax, says a joint report titled ‘Emerging Mantras for Bankers-Borro…
Morning Post | July 10, 2017 | Start-up Coast soon in K’taka | G20 lauds India’s start-up initiatives
Union Commerce and Industry Ministry Nirmala Sitharaman has initiated the “Startup Coast” project for setting up state-of-the-art innovation centres, modern incubation centres, tinkering labs and co- working space for start-ups on the west coast in Karnataka.
G20 has lauded the …
GST will boost competitiveness of MSMEs: Study
The Goods and Services Tax (GST) will boost the competitiveness of micro, small and medium enterprises (MSMEs), noted a recent joint study by The Associated Chambers of Commerce and Industry of India (ASSOCHAM) and Ashvin Parekh Advisory Services (APAS). “From a MSM…