To ensure more money for micro and small enterprises, the Union Cabinet on Wednesday approved conversion of Mudra Ltd (Pradhan Mantri Micro Units Development Refinance Agency), into a bank, besides the setting up of two credit guarantee funds. The two funds will cater to loans disbursed under the…
FISME pre-budget suggestions to Finance Ministry
Union Finance Minister Arun Jaitley met the representatives from the industry bodies yesterday to hold pre-budget consultation with them. Federation of Indian Micro and Small & Medium Enterprises (FISME) wanted inter-state GST should precede full-fledged roll out of the game changing indirect…
Exclusive | Prabhat Kumar to head panel to draft MSME policy |Kalraj Mishra
New Delhi, Jan 8 : Govt to come out with comprehensive MSME Policy. Former Cabinet Secretary Prabhat Kumar to head Hi-Power Committee to draft the policy: Kalraj Mishra Micro, Small and Medium Enterprises Ministry has decided to come out with a comprehensive policy for MSMEs, which will be dra…
Exclusive | UAM, Funding & Skill Initiatives to be key drivers of MSME growth | MSME Minister Kalraj Mishra
Prime Minister Narendra Modi has decided to pursue inclusive growth with renewed vigor in the New Year so that India shines for all especially those living in six lakh villages. The key to success of this initiative is promotion of MSMEs across India in view of its huge potential for job creation…
Skill mapping to boost MSMEs | Kalraj Mishra at PMEGP workshop
For the first time the union government has conducted industrial profile and skill mapping to ascertain where MSME industries could be set up. Skill training was being provided to youths so that they as well the industry could know about each other’s requirement, Union Minister for Micro, Small a…
Modi to unveil Action Plan for Start-up India on Jan 16
The government will kick-start the “Start-Up India, Stand-Up India” initiative with Prime Minister Narendra Modi unveiling the Start-up Action Plan on January 16. This will be a government’s New Year gift to “young people” who want to set up new businesses or innovative projects, highlighting th…
U.P. Pravasi Diwas woos NRI investors
Exalting UP Government ‘s initiative to engage the Indian Diaspora for development, State Minister Balwant Singh Ramoowalia said, that there are over 25 million Indians staying in foreign land and many of them hold high posts in government and industries. It is important to engage the NRIs to bri…
Promotion of tourism, arts, & cuisine key to UP’s progress: Film-makers at UP Pravasi Diwas
Tourism enables the socio-economic emancipation of the state. Making this opening remark at a session titled ‘Uttar Pradesh the soft power – special focus on art, culture, lifestyle, design & tourism in Uttar Pradesh’ at the U.P. Pravasi Diwas organised in Agra by the Govt. of Uttar Pradesh b…
Primarc group sets up venture capital fund for start-ups
Kolkata-based Primarc Group, which is into real estate and retailing, has set up a venture capital fund targeting start-ups. According to Sidharth Pansari, Director, Primarc Group, the fund – Primarc iVenture – will look to fund start-ups at an angel stage or even at advanced ones. “In the angel …
Fruit processing has huge scope in Tripura : Manik Sarkar
Landlocked Tripura has considerable potential in terms of developing its fruit processing industry since the agro-climatic condition is favorable for horticulture. Manik Sarkar, Tripura Chief Minister said. Addressing a day-long conference on linking prospective food entrepreneurs with government…