The State Focus Report of the National Bank for Agriculture and Rural Development (NABARD) for 2016-17, released last week, allocated 51.3 per cent (of Rs 2,96,279.44 crore) of its total potential-linked credit plan (PLP) to Mumbai City and Suburbs. Dr US Saha, Chief General Manager, NABARD-Mahar…
AskMe Group hosts Finclave 2016, sets the tone for SME financing
India’s leading online search platform and one of the largest digital SME market places in the country, the AskMe Group organized Finclave 2016 at The Westin, Gurgaon. The event was organized to showcase AskmeFin, an initiative aimed at addressing the finance requirements of SMEs by offering them…
Citizens not in favour of a ‘Populist’ Budget | Giriraj Singh
Making a case for 8-9% growth rate, Jaitley on January 30 indicated that his upcoming Budget will not resort to “sheer populism” for good ratings and will focus on structural reforms. Minister of state for MSME, Giriraj Singh on January 31 said citizens are not in favour of a ‘p…
IESA with DeitY to conduct Workshop on intellectual property rights
IESA, with support from Department of Electronics and Information Technology (DeitY), is conducting a half day workshop, with government representatives, industry veterans and academia expounding on various aspects of intellectual property rights such as IPR protection, commercialization and pate…
CTE lines up Rs 8 Crore to fund US-based startups
IT services firm Cambridge Technology Enterprises (CTE) has announced an investment of close to Rs 8 crore ($1.3 million) in US-based automated photo-sharing platform PhotoKarma, alongside Idealab, Bessemer and New York Angels. Hyderabad-based CTE has also invested in MyCrowd, a crowd-testing pla…
Karnataka to come up with ideal ecosystem for women entrepreneurs
The Karnataka Government is dedicated to advancing women through the entrepreneurial ecosystem. The diverse ecosystem set up by the government allows global investors to tap into the pipeline of talented women entrepreneurs. Women entrepreneurs usually face hurdles like limited access to finance,…
Special SBI offer for tractor loan settlement
The State Bank of India (SBI), Chennai Circle, has pioneered recovery of dues from defaulting farmers who had failed to repay their farm mechanisation and tractor loans through a special one-time settlement offer. The Special SBI OTS for Tractor and Farm Mechanisation Loans 2015-16 gives the farm…
Alibaba unveils trade facility centre in Jaipur, hindi portal to tap SMEs
Alibaba.com, the wholesale trading platform of China’s Alibaba Group, today unveiled its first physical trade facility center in the country at Jaipur and a Hindi portal, aimed at connecting small and medium businesses with global buyers. “We are excited about working with our Indian …
Russia, CIS countries a great opportunity to enhance exports: PHD Chamber
Bilateral trade with CIS countries could touch US$35bn by 2022 While apprehending about deceleration in India’s exports which have been declined for the 13th month in a row, President PHD Chamber, Mahesh Gupta expressed his view that there is enough scope to enhance our exports towards CIS countr…
Kalraj Mishra releases Make-in-India issue of LaghuUdyogSamachar
The Make-in-India issue of Laghu Udyog Samachar was released on January 29 by the Union Minister of Micro, Small and Medium Enterprises (MSME) Kalraj Mishra during the National Level Meeting of MSME officials. Additional Secretary & Development Commissioner (MSME), Surendra Nath Tripathi alon…