In a move to simplify the process of raising fund for start-ups, the Corporate Affairs Ministry has allowed these companies to accept deposits from shareholders. This amount will be separate from their share in start-up. Prior to amendment in the rules of the Companies Act, only limited liability…
MSME Ministry’s digital affair blossoms; To launch ICT scheme on Int’l MSME Day
Driving the Digital India dream is at the heartland of MSME Ministry. The ministry is lately in the process of implementing a “Digital MSME” Scheme for the promotion of Information & Communication Technology (ICT) in MSME Sector, and to motivate MSMEs to adopt ICT tools and applic…
Haryana govt’s power-tariff to soon boost MSMEs
To compete with the neighbouring state of Punjab, the Manohar Lal Khattar led Haryana government has decided to boost the micro, small and medium scale industries with concessions in power rates. The sector will soon get electricity at the rate of Rs 5 per unit, with a relief of Re 1 pe…
Haryana to develop 25 clusters through mini-cluster scheme in two years
Minister of Industry and Commerce of Haryana Government, Vipul Goel has said that the state government has initiated several initiatives for the development of micro, small and medium enterprises (MSMEs). With focus on cluster development, the state will initiate tasks to provide technical suppor…
Startup India can improve rural transportation system in Jharkhand: CM Raghubar Das
Jamshedpur: Chief Minister of Jharkhand, Raghubar Das has appealed the youths belonging to Scheduled Castes and Scheduled Tribes to become job creators through the Startup India Action Plan. There is a shortage of bus services in rural areas of the state, for which 400 buses will be provided to y…
#MasalaMantra: Spices export from India set a new high, peg at Rs 17664.61 cr in 2016-17
Spices export from India has attained an all time high during 2016-17 by registering an increase of 12 per cent in volume, 9 per cent in rupee terms and 6 per cent in dollar terms. India exported a total of 9,47,790 tonnes of spices and spice products valued Rs 17664.61 crore ($ 2633.30 million) …
Coir registers all time high growth; Exports increase to whopping Rs 2282 cr
Coir sector (jute industry) have registered a tremendous growth with an all time high figure of Rs 2282 crore. With a major push of MSME Ministry and its nodal agency Coir Board, Coir exports are soaring at a speed. The notable fact is that export growth of Jute sector has not declined since 2014…
GST Jet Set Go: 30 MSME DIs & 18 Tool Rooms assisting MSMEs get GST-ready
The Ministry of Micro, Small and Medium Enterprises is leaving no stone unturned to simplify the Goods and Services Tax (GST) for MSME sector. The Ministry has initiated several schemes to simplify the registration of MSMEs under GST. As per the data provided by Ministry, 54 workshops have been o…
Breaking News | MSME Ministry to give subsidy of Rs 1 lakh to MSMEs deploying cloud computing
In order to enable and accelerate ICT adoption amongst MSMEs, the MSME Ministry has approved the earlier proposed subsidy of upto Rs 1 lakh for micro, small and medium enterprises deploying cloud computing. The subsidy will be provided on user charges for 2 years. The proposals are part of the m…
First India-Commonwealth SME Trade Summit: Dignitaries urge to boost intra-Commonwealth trade
The two day Commonwealth SME Trade Summit was inaugurated by Commerce Secretary Rita Teotia in New Delhi on May 30. First of its kind, the summit is aimed at bringing 400 plus SMEs under one roof to boost trade and enhance investment partnerships among the Commonwealth members. “India grows its e…