Bangalore-headquartered Goodbox, a conversational m-commerce company enabling SMEs to become e-commerce ready, has now acquired SmartPocket for an undisclosed amount. Significantly, Goodbox had recently announced its Series A funding of $2.5 million from marquee investor Nexus Venture Partners. S…
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Young entrepreneurs showcase organic power in Sikkim
Sikkim, a small state in northwest India and bordered by Bhutan, Tibet and Nepal is also home to glaciers, alpine meadows and thousands of varieties of wildflowers. Part of the Himalayas, the area has a dramatic landscape including India’s highest mountain, 8,586m Kanchenjunga. Today, Sikkim is …
Govt invites proposal from MSMEs for technology & equipment acquisition support
Department of Industrial Policy & Promotion (DIPP) under the Ministry of Commerce & Industry has requested for proposals (RFP) under the recently announced Technology Acquisition & Development Fund (TADF), for financial support in acquisition of environment compliant technology and eq…
MSMEs in Goa to get lion’s share of credit from banks in 2016-17
Micro, Small and Medium Enterprises (MSMEs) in Goa, may get better funding from banks in 2016-17 with the NABARD estimating huge scope of lending to the sector. On 19th January NABARD announced the potential credit plan for banks for 2016-17 with MSMEs getting the lion’s share of credit for the y…
MSMEs can expect a number of enabling initiatives in Budget 2016
The significance of Micro, Small & Medium Enterprises (MSMEs) to India’s economic growth and prosperity is well established. They provide the critical depth to the manufacturing and service sectors, foster entrepreneurship and generate substantial employment. Close to 45 per cent of the tot…
MSME Employment generation grew at 73 per cent during 2009 – 15 | CRISIL Study
An analysis of about 5,500 Micro, Small and Medium Enterprises (MSMEs) which are engaged in manufacturing activity and which approached CRISIL for renewal rating between 2009 and 2015 shows that employment generated by these units grew at 73 per cent over these seven years. In 2009, the MSMEs pro…
Get rated to be banked | Varun Mirchandani, Executive Director, Onicra
“55% of registered MSMEs can tap into Rupees 5,50,00 crore fund post rating” More than half of India’s unbanked registered Small and Medium Enterprises can avail of first time credit should they get themselves rated, said Varun Mirchandani, Executive Director, Onicra Credit Rating, one of India’s…
Laghu Udyog Samachar Magazine released in 13th Meeting of NBMSME
The 13th Meeting of the National Board for Micro, Small and Medium Enterprises was held on January 18th under the Chairmanship of Shri Kalraj Mishra, Union Minister of MSME. Shri Giriraj Singh, MoS of Ministry of MSME was also present to address the gathering. The Start-up issue of Laghu Udyog Sa…
Whopping 193 per cent MSMEs growth in Gujarat
Gujarat clocks whopping 193 percent growth in MSMEs pushing it up to second slot. The state’s share of MSMEs in the country goes up to 16% with over 3.62 lakh entrepreneurs in 2013-14. Tamil Nadu however continues to top the list with 32% share according to a recently published study by apex indu…
250 Cr. Debt fund launched by IFMR Investments to finance SMEs
Offering high quality investment management services in asset classes that impact the financially excluded, IFMR Investments has now rolled out ‘IFMR FImpact Long Term Multi Asset Class Fund’– a debt fund of Rs 250 crore, dedicated to provide working capital for financial inclusion enterprises in…