Banks are expected to disburse Rs 1.80 lakh crore as loans under Micro Units Development and Refinance Agency (MUDRA) Bank Yojana during the current financial year, MUDRA Bank Chief Executive Jiji Mammen said on July 19. “We started our operations from April 2015. The total target for 2015-16 was…
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Karnataka’s new startup policy to reimburse service tax
Janaki Shantharam, Founder of tech-enabled placement services firm Dexter Talent Labs in Bengaluru, is happy that Karnataka, under its startup policy, reimburses service tax paid by emerging companies. She paid service tax last year but has been trying to figure how to get it reimbursed from the …
Government to involve states to push startups
In order to give impetus to startups, the government will hold detailed discussions here with states and other stakeholders on July 23. The main aim of the day-long function is to share knowledge and best practices being followed by few states on promoting budding entrepreneurs, an official said.…
IIM Indore to introduce certificate course for MSMEs
The Indian Institute of Management (Indore) will be introducing a certificate programme for MSMEs and family-run businesses from the month of August or September. A bill has also been drafted by the government in connection with the IIMs to give degrees to their students which will be discussed i…
FreeCharge’s Chat-n-Pay service records 1 million active users
Freecharge, India’s fastest growing digital payments platform has achieved another milestone in its journey towards a less-cash society. The company has registered one million active users for its Chat-n-Pay service in just two months of its launch. Chat-n-Pay service is an engaging and sec…
Monsoon Session of Parliament | Agendas concerning MSMEs
Carry your umbrellas as the Monsoon Session of Parliament is expected to rain bills. From Goods and Services Tax (GST) to MSME Development (Amendment) Bill, this hot and humid session has a lot on its plate for the MSME Sector. A total of 11 Bills are pending in the Lok Sabha and there are as [&h…
Coming soon: A steel charkha in the heart of the Capital
After the world’s largest wooden charkha was unveiled at the Indira Gandhi International Airport here, the Capital will soon be able to boast another larger than life charkha, this time in the heart of the city – Connaught Place. The Khadi and Village Industries Commission (KVIC), which recently …
Coir Board chief calls for wider use of coir wood
Coir Board Chairman CP Radhakrishnan has appealed to the participants of India International Coir Festival (IICF) 2016 to use coir wood and stop cutting of trees. Coir composite or coir wood is made using coir fibre bonded with thermosetting adhesive, which is a replacement for wood and plywood. …
Among MSMEs, services sector outpaces manufacturing
CRISIL’s analysis of the performance of 4,000 Micro, Small, and Medium Enterprises (MSMEs) between FY 2013 and FY 2015 shows the growth of the services sector handily outpacing the manufacturing sector. While the services sector grew at a Compound Annual Growth Rate (CAGR) of 20 per cent, d…
Kalraj Mishra inaugurates incubation cell at IIFT Delhi
Kalraj Mishra, Union Minister of MSME inaugurated Incubation Cell at at IIFT Delhi on July 18. Highlighting the initiatives taken by the government for uplifting the entrepreneurial spirit of youths in the country under Startup India, Standup India and Atal Innovation Mission, Mishra said that th…