Gujarat clocks whopping 193 percent growth in MSMEs pushing it up to second slot. The state’s share of MSMEs in the country goes up to 16% with over 3.62 lakh entrepreneurs in 2013-14. Tamil Nadu however continues to top the list with 32% share according to a recently published study by apex indu…
Three-year tax holiday for startups
The three-year tax holiday proposed for startups in India will be available over a five year window, ensuring that innovators won’t lose the benefit even if they make a profit later, the government said. Those seeking the income tax exemption, announced in the Startup Action Plan on Saturda…
35 new PPP-based incubators for start-ups
21-year-old Aditya Nayak (name changed), a former IIT-B student and founder of an AI startup incubated by SINE (Society for Innovation and Entrepreneurship) is one of the many student-entrepreneurs who find academic incubators lacking technical expertise and mentorship crucial for early-stage sta…
Rs 10,000 cr start-up fund to be force multiplier | Experts
The Rs 10,000-crore fund announced in the Startup India policy by Prime Minister Narendra Modi is expected to be the force multiplier that may boost investments many times into this segment, industry experts believe, even as the government plans to liberalise the regulatory environment for entrep…
NRN panel bats for easier norms for VC, PE funds
A SEBI panel has recommended sweeping changes in rules governing venture capital and private equity funds in India to bring the norms in line with global practices and help attract capital flows, streamline tax collections and widen the participation of domestic and overseas investors. The Securi…
Centre finds an ally in new-economy companies
It was a telling comment when Prime Minister Narendra Modi on January 16 said before a large gathering of 20-something and 30-something founders of start-up companies, “This is not the first time that this auditorium at Vigyan Bhavan is filled, but this is the first time that it is filled w…
Maha Govt wants MSMEs to part-take in ‘Make In India’
The Center will hold the ‘Make in India Week 2016’ from February 13 in Mumbai with an aim to promote India as an investment destination and increase its share in global FDI. Maharashtra Industries Minister Subhash Desai today urged small industrialists to take active part in the ̵…
Mudra not to regulate Micro Finance Institutions: Govt
Clarifying its stand on regulation of micro-finance companies, the government has said that the Reserve Bank of India would continue to regulate MFIs registered as non-banking finance companies (NBFCs) with the central bank. MFIs will not be regulated by the Micro Units Development and Refinance …
Count MSMEs as StartUps | EEPC India
Engineering Export Promotion Council has said that Micro, Small and Medium enterprises should considered as start-ups so that the benefits get extended to MSMEs as well. Launch of StartUp Action Plan will surely enthuse India’s young engineering graduates to take up entrepreneurship . Schemes l…
Startup India Action Plan | Top 10 Points to note
Tax exemptions for three years and concessions on capital gains tax. A fund of Rs. 10,000 crore to back startups. Initially the corpus will be Rs. 2,500 crore. Also, a credit guarantee fund for startups. There will be a Startup India hub which will act as a single point of contact for interactio…