UP Govt. to soon notify Rs.10 Lakh worth of subsidy for plant and machinery in Micro and SSI Units from presently Rs.2 Lakh, says Assistant Commissioner, Noida The Government of Uttar Pradesh is going to enhance the subsidy element for plant and machinery deployed in units of micro and small scal…
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Indian start-ups showcase prowess in Africa
In an effort to boost the start-up ecosystem in Africa, a delegation of 21 Indian start-ups, which had accompanied Prime Minister Narendra Modi to Kenya, have showcased their technologies and case studies there. These start-ups were jointly led by the Federation of Indian Chambers of Commerce and…
Kerala launches online incubator for student start-ups
Kerala Chief Minister Pinarayi Vijayan has launched SV.CO, purportedly world’s first digital student incubator, as a digital makeover of the Startup Village in Kochi. SV.CO will constitute the second phase of development of Startup Village and is designed to help thousands of college-goers make a…
Cabinet approves Rs 12,000 crore skill development plan
The Cabinet on approved an outlay of 12,000 crore for providing job skills to and certifying 10 million young people over the next four years, advancing the government’s effort to create an employment-ready workforce for industry. The central government will be responsible for meeting three-fourt…
Haribhai Parthibhai Chaudhary takes charge as MOS, MSME Ministry
Haribhai Parthibhai Chaudhary took charge as new MOS in MSME Ministry on July 11, 2016. MSME Minister Kalraj Mishra welcomed him. After assuming office, Haribhai said that he will work towards the development of MSME sector which contributes about 40% of India’s exports. A Four-Time MP from Gujar…
SIDBI picks eight ventures to invest Rs 428 cr in startups
The Small Industries Development Bank of India (Sidbi) has chosen eight venture funds to invest in startups as defined under the Startup India Action Plan and will support them with a corpus amount of Rs 428 crore. Sidbi’s Venture Capital Investment Committee (VCIC), which comprises former …
#SuperSMEawards salutes the Shining stars of Indian SME Sector
The inaugural edition of the‘SMEpost.com – WASME Super SME Awards 2016’ was held on July 09, at the PHD House, New Delhi. These awards have been constituted to celebrate the Success Stories of Indian SME Sector who have scored big through innovative thinking, operational efficiency, futuristic st…
RBI’s S4A route for HCC
The Joint Lender’s Forum meeting of HCC held on July 12, 2016 (Reference Date) has passed to resolve the account under the recent RBI guidelines ‘Scheme for Sustainable Structuring of Stressed Assets (S4A)’. The recommendation by leading consulting firm, EY, appointed by lenders, to opt for the R…
Technology for bio-conversion of coir pith into manure
Researchers in Coir Board have developed a technology for bio-conversion of coir pith into an organic manure, which has the quality of replacing urea, a top official of the Board said. The Allapuzha Research Centre of the board has come out with the technology by which Coir Pith Organic Manure ca…
Government mulling to start rating MSMEs on 50 parameters
The government plans to soon start rating Micro, Small and Medium Enterprises on 50 parameters and classifying them into five categories as part of an initiative that is in sync with the Make in India programme and Prime Minister Narendra Modi’s call for “zero defect” manufactur…