Economic recession of 2008 and dynamic conditions of market have hit the furniture industry strongly in the past. It negatively impacted the power of Indian consumers to spend money on furniture but after few years from the year 2011, start-up environment started gaining momentum in the industry …
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Mastercard to tap MSME, small traders on digital payments
Global time payment processing firm MasterCard today said micro, small and medium enterprises need to go for online payments which currently account for just four per cent of total transactions in the country. “Of the total transactions made in the country, 96 per cent are done through cash trans…
Credit plan envisages support for agriculture, MSMEs
A Rs.6,212.38 crore Annual Credit Plan (ACP) has been released for the district for 2016-17 envisaging priority lending support across sectors, including agriculture and MSMEs. G Vijaya, District Revenue Officer (DRO), Cuddalore launched the ACP for the fiscal prepared by the lead bank, the India…
SIDBI disburses Rs 3,337 crore in 2015-16
State-owned SIDBI has disbursed Rs 3,337.20 crore out of Rs 3,783.20 crore sanctioned during 2015-16 through its wholly-owned subsidiary MUDRA to fund the small and self owned enterprises. MUDRA (Micro Units Development and Refinancing Agency) encourages development of micro units. In order to fu…
DSCI, Lockheed Martin launch cyber security awareness program for SME
Lockheed Martin and Data Security Council of India (DSCI) announced the launch of a new cybersecurity education program for small and mid-size businesses to help them minimize risk from online threats. DSCI promotes data protection among the Indian industry and is partnering with Lockheed Martin …
Social unrest, strikes & closures are the biggest risks to economy : FICCI’s India risk survey 2016
New Delhi, 24 June 2016: FICCI has released today its annual study the India Risk Survey 2016 (IRS 2016). This is an attempt to showcase the views and perceptions of business leaders, policymakers, experts, as well as professionals across various sectors and geographies, regarding strategic, oper…
Indian toy industry to get a boost at Kids India
With Indian Government’s initiative to support the International buyers at ‘Kids India’, India’s largest international B2B exhibition for toys and products related to children, Indian Toy industry is all set to get a boost at the Expo. “Also, looking at an overwhelming interest from the manufact…
Mudra aims Rs 1,80,000 cr loans in 2016-17
Minister of State for Finance Jayant Sinha has said that the government aims to disburse loans worth Rs 1,80,000 crore to small businesses through Mudra Banks in the current fiscal. “Last year Pradhan Mantri Mudra Yojana gave loans worth Rs 1,20,000 crore. This year the aim is to give loans…
Tamil Nadu second most preferred for foreign investments: Jayalalithaa
Chief Minister J. Jayalalithaa on June 23 said Tamil Nadu is one of the three most preferred states for business investments in the country and the state ranked second behind Maharashtra in the gross domestic product turnout, besides being the first in the number of factories. Replying to the di…
Jammu MSMEs submit memorandum to Nirmala Sitharaman
Jammu MSMEs have requested the Centre to extend incentives to them under DIPP packages and other Central packages of incentives for a period of ten years to woo investors. In this regard, a delegation of Federation of Industries, Jammu led by its Chairman Lalit Mahajan, submitted a memorandum to …