The Union Minister for Micro, Small and Medium Enterprises (MSME), Kalraj Mishra, who visited Nagaland on February 26 to inaugurate the Regional Conclave of MSME at Chumukedima has announced Rs.10,000 crore to be sanctioned for Nagaland for development of the MSME sector in the state. This was st…
Anis Chakravarty,Deloitte Lead Economist | More could have been done for MSMEs
The Finance Minister has announced the Budget 2016 largely focused on a healthy dose of circumspection in light of an adverse global economy and a focus on the basic and poorer constituents of the Indian economy. Though there were initial apprehensions on meeting the fiscal consolidation plan, he…
Karnataka SMEs seek separate electricity tariff, urge solar use
Small and Medium Enterprises (SMEs) and Small Scale Industries (SSI) have sought separate electricity tariff. “SMEs and SSI consuming 40HP and below or 2,000 units should be brought under separate tariff plan,” KS Mallappa Gowda, Chairman (Sub-Committee, Energy), Karnataka Small Scale Industries …
Budget 2016 | Quotable Quotes
“Finance Minister spent a considerable amount of time in trying to address the rural distress and the difficulties being faced by the farmers. The emphasis on the budget on various schemes and ideas, which including for instance the linking of the MNREGA scheme to rural challenges, is very signif…
MSME to focus on special needs of north east | Kalraj Mishra
Union Minister of Micro, Small & Medium Enterprises (MSME) Kalraj Mishra on February 26 called upon the eight states of the North East Region to take proactive steps in bringing forth larger number of proposals under the various schemes of his ministry. Inaugurating the ‘Regional Conclave of …
SMEpost.com & WASME forge strategic alliance; announce Super SME Awards 2016 India
February 27, 2016 | World Association for Small and Medium Enterprises (WASME) the first Indian global civil society organization representing SMEs in the global landscape and SMEpost.com, arguably India’s first SME sector focussed digital media platform have signed a Memorandum of Understanding …
Lendingkart joins hands with craftsvilla.com for loans to its sellers
Lendingkart, a online platform that facilitates Small and Medium Enterprises (SMEs) in obtaining working capital loans, has tied up with Craftsvilla.com. The association will facilitate easy and collateral-free working capital loans to Craftsvilla’s sellers seeking monetary assistance. Mumb…
Zone startups to focus on the ‘zone school of code’
Zone Startups India will focus on the ‘Zone School of Code’ in a bid to provide quality talent to the sector. The accelerator, which was set up by the BSE Institute in partnership with Toronto’s Ryerson Futures Inc, recently secured Rs 3 crore in grant from National Science &…
Cabinet approves setting up of Atal Innovation Mission
The Centre approved a proposal to establish Atal Innovation Mission and Self Employment and Talent Utilisation in NITI Aayog, which will encourage innovations and entrepreneurship. “The Union Cabinet, chaired by Prime Minister Narendra Modi, has given its approval for establishment of Atal …
Indian railways mull incubators to promote start-ups
Indian Railways, owner of India’s largest online e-ticketing marketplace Indian Railway Catering and Tourism Corporation (IRCTC), plans to dive into the start-up ecosystem. With an initial fund allocation of Rs 50 crore, it plans to start incubators where its employees would get assistance to ope…