Union MSME Minister Kalraj Mishra addressed a post-Budget press conference on March 08, 2016 in New Delhi and announced an all-time high budget of Rs. 200 crore for Performance and Credit Rating Scheme for financial year 2016-17. The allocation would enable units to be ready for accessing credit.…
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Textiles Minister to inaugurate India Carpet Expo on March 11th, 2016
The 31st edition of India Carpet Expo is being held from March 11 – 14, 2016 in NSIC Exhibition Complex, Okhla Industrial Estate, New Delhi. The Expo is being organized by the Carpet Export Promotion Council, under the aegis of Government of India. The Expo will be inaugurated on 11th March, 2016…
IndiaMART raises series-c funding to help Indian MSMEs
IndiaMART announced fund raises by Amadeus Capital with participation from Westbridge Capital, the Accion Frontier Inclusion Fund, managed by Quona Capital in addition to Intel Capital, the existing investor in the Company. India’s largest online marketplace will use the funds raised to further s…
Rs. 341 crore earmarked under MPDA scheme for Khadi and Village Industries Commission
Khadi production is expected to reach Rs. 1300 crore in the FY 2016-17, generating employment for 19.5 lakh people, Union MSME Minister Kalraj Mishra said addressing a post budget press conference in New Delhi. Briefing about the roadmap of MSMEs for next financial year in the press conference e…
Tool Rooms and Technical Centers to augment & upgrade machine and equipment | MSME Ministry
MSME Minister Kalraj Mishra in a press conference held at New Delhi on March 8th talked about the tool rooms and technical centres. He mentioned that 1,81,500 youth will be provided training and technological support. 36,600 MSEs will be provided Rs. 100 Cr capital expenditure, for augmentation a…
Rs.43.56 crores earmarked for Coir Board, to enable exports worth more than Rs.1500 Crores
Coir Industry is an agro-based traditional industry, which originated in the state of Kerala and proliferated to the other coconut producing states like Tamil Nadu, Karnataka, Andhra Pradesh, Odisha, West Bengal, Maharashtra, Assam, Tripura, etc. It is an export oriented industry and has greater …
Online UAM registrations by MSMEs nearing 3.5 Lakh
Udyog Aadhar, launched by Micro, Small and Medium Enterprises Minister in September 2015 has evoked overwhelming response. Close to 3.5 lakh MSMEs have registered so far. The online registration of small and medium business in the country will help them get benefits provided by government to MSM…
National Manufacturing Competitiveness Programme to enable & empower SMEs
In a press conference held at New Delhi on March 8th 2016, Ministry of Micro, Small and Medium Enterprises briefed that Rs. 52 crore will be allocated under National Manufacturing Competitiveness Programme (NMCP) during the financial year 2016-17. Union Minister Kalraj Mishra sought for a develop…
MSME Ministry targets jobs for 4,25,000 persons under PMEGP scheme
Revealing the plans of his Ministry for financial year 2016-17, Union MSME Minister Kalraj Mishra in a press conference held in New Delhi on March 08, 2016 said that Rs. 1,139 crore has been allocated under the Prime Minister’s Employment Generation Programme (PMEGP). This is expected to generat…
Rs. 100 crore earmarked under ASPIRE scheme by MSME Ministry
While addressing a press conference held on 8th March at New Delhi, Union MSME Minister Kalraj Mishra hailed Budget 2016 and informed that a sum of Rs. 100 crore has been earmarked under ‘A Scheme for Promotion of Innovation, Rural Industries and Entrepreneurship’ (ASPIRE). The government is keen…