Move over Kolkata, Bhubaneswar is now the start-up darling in India’s east. The Odisha capital, which recently won the Smart City challenge, is home to a clutch of innovative start-ups such as Milk Mantra, Aabyss, CSM Technologies and Sak Robotix. Odisha has a lot going for it. Apart from the pr…
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Auto Expo – The Component show from February 4 to 7
As part Auto Expo, Component show will be held in Pragati Maidan here from February 4-7. This will showcase several new auto components developed in the country. Auto component SMEs are one of the fastest growing within SMEs Spread over 80,000 sq mts in 18 halls, this year the expo will see parti…
Rs 1 lakh crore disbursed in loans for small businesses | Amit Shah
Narendra Modi government has ensured that more than Rs one lakh crore in loans is disbursed to micro units and enterprises in just one financial year, BJP President Amit Shah on February 1 said as he termed it as a big “success” in providing self employment to people. Addressing a gat…
AskMe Group hosts Finclave 2016, sets the tone for SME financing
India’s leading online search platform and one of the largest digital SME market places in the country, the AskMe Group organized Finclave 2016 at The Westin, Gurgaon. The event was organized to showcase AskmeFin, an initiative aimed at addressing the finance requirements of SMEs by offering them…
Citizens not in favour of a ‘Populist’ Budget | Giriraj Singh
Making a case for 8-9% growth rate, Jaitley on January 30 indicated that his upcoming Budget will not resort to “sheer populism” for good ratings and will focus on structural reforms. Minister of state for MSME, Giriraj Singh on January 31 said citizens are not in favour of a ‘p…
Special SBI offer for tractor loan settlement
The State Bank of India (SBI), Chennai Circle, has pioneered recovery of dues from defaulting farmers who had failed to repay their farm mechanisation and tractor loans through a special one-time settlement offer. The Special SBI OTS for Tractor and Farm Mechanisation Loans 2015-16 gives the farm…
Alibaba unveils trade facility centre in Jaipur, hindi portal to tap SMEs
Alibaba.com, the wholesale trading platform of China’s Alibaba Group, today unveiled its first physical trade facility center in the country at Jaipur and a Hindi portal, aimed at connecting small and medium businesses with global buyers. “We are excited about working with our Indian …
MSME Ministry to ease access to funds | Anup K Pujari
MSME Ministry is trying to develop a system to ease the access to funds. Under the proposed system, MSMEs which apply for loan will have to fill up a one page questionnaire about their requirement and a two page description regarding what they want to do, said outgoing MSME Secretary Anup K Pujar…
Jalan will be new MSME Secretary
Krishan Kumar Jalan, a 1982 batch IAS officer from Haryana cadre, will be the New Micro, Small & Medium Enterprises Secretary, an official announcement said. Jalan comes in place of Anup K Pujari, a 1980 batch Karnataka cadre IAS officer, who will retire on January 31. Jalan is presently Cent…
Agarwal Packers demands tax sops for logistics in budget
Logistics major Agarwal Packers & Movers has sought a set of tax sops to take India’s logistics to $300 billion business by 2020, a critical industry to push Prime Minister Narendra Modi’s ambitious Make in India plan and job creating MSME sector. Giving a long wish list to Finance Ministry, …