Kolkata: Nobel peace prize winner and Founder of Grameen Bank of Bangladesh Muhammad Yunus said that micro-credit is a tool for fostering entrepreneurship among the poor. “Micro-credit is a tool to unleash energy for building entrepreneurship among the poor people. This will also stop the c…
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SBI waives debit card charges for small shops
State Bank of India has waived debit card acceptance charges for merchants with an annual turnover of less than Rs 20 lakh. SBI — whose network of 4 lakh point of sale terminals (PoS) is the largest in the country — is currently adding 1,000 new merchants to its credit card acceptance network. Th…
Gujarat plans ‘biz for sale’ website for ‘sick’ MSME units
While the eight edition of the Vibrant Gujarat Global Summit is likely to witness the signing of over 16,000 memorandums of understanding (MoUs) by the Micro, Small and Medium Enterprises (MSME), it is ironical, that Gujarat has the highest number of sick MSMEs after Uttar Pradesh and Maharashtra…
Jaipur next destination for start-ups: Vasundhara Raje
Jaipur: Projecting Rajasthan on growth trajectory, Chief Minister Vasundhara Raje said the state capital is emerging as the next destination for startups for which the government is providing supporting environment. “Bangalore (now Bengaluru) is a great place for startups but Jaipur is next…
FinMin sanctions Rs 425 cr to set up 120 digital villages
Pilot projects for ‘digital villages’ should be up and running soon, as the government has approved in-principle the setting up of around 120 such villages across the country at a cost of around Rs 425 crore. “The Finance Ministry has in-principle approved the project outlay of ₹423.26 crore for …
Gujarat rolls out Rs 200 cr fund for student start-ups
Ahmedabad: Gujarat government has come up with India’s first student startup and innovation policy, which aims to provide Rs 200 crore in the form of grants to ideas developed by them. The policy aims to support over 1,000 innovation per year and create pre-incubation support in all univers…
GlobalSpace Technologies Limited to go for SME listing
Even as the SME players in India struggle against the demonetisation blues the BSE SME keeps itself busy with new SME companies willing to get listed on the bourse. Mumbai based GlobalSpace Technologies Limited (GSTL) is yet another SME company that will be listing itself on the BSE SME platform.…
Venture Catalysts to invest Rs 75 cr on seed stage start-ups this year
While 2016 saw a distinct drop in funding and the deal sizes, Venture Catalysts invested around Rs 30 crore in early stage startups in its year of inception 2016. The firm which plans to add another 1000 angel investors in the company this year, will be looking to invest around Rs 60-75 crore acr…
Maheshwari Logistics SME IPO garners Rs 123 cr subscription
The initial public offer of Maheshwari Logistics has garnered a whopping subscription of Rs 123 crore, making it the second highest share sale of a small and medium enterprise (SME). The issue, which was subscribed 4.53 times of total shares offered, witnessed huge participation of both retail an…
KVIC wants Khadi included in MNREGA
Mumbai: Khadi and Village Industries Commission (KVIC) has sent a proposal to the central government, asking it to include Khadi in MNREGA not only to have more artisans under the scheme but also to make unskilled workers earn more through them. These artisans will train the 5.40 lakh unskilled w…