The Center will hold the ‘Make in India Week 2016’ from February 13 in Mumbai with an aim to promote India as an investment destination and increase its share in global FDI. Maharashtra Industries Minister Subhash Desai today urged small industrialists to take active part in the ̵…
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Mudra not to regulate Micro Finance Institutions: Govt
Clarifying its stand on regulation of micro-finance companies, the government has said that the Reserve Bank of India would continue to regulate MFIs registered as non-banking finance companies (NBFCs) with the central bank. MFIs will not be regulated by the Micro Units Development and Refinance …
Count MSMEs as StartUps | EEPC India
Engineering Export Promotion Council has said that Micro, Small and Medium enterprises should considered as start-ups so that the benefits get extended to MSMEs as well. Launch of StartUp Action Plan will surely enthuse India’s young engineering graduates to take up entrepreneurship . Schemes l…
SBI partners with Snapdeal to launch e-platform for SMEs
Country’s largest lender State Bank of India on January 15 announced launch of SBI e-Smart SME to offer easy working capital to online e-commerce players. Country’s largest lender State Bank of India today announced launch of SBI e-Smart SME to offer easy working capital to online e-commerc…
SIDBI provides Rs 1,100-crore risk capital assistance to 500 MSMEs
Small Industries Development Bank of India (SIDBI), the financial institution for promotion and financing of MSMEs, has extended risk capital assistance of close to Rs 1,100 crore to 500 MSMEs, it said in a statement on January 15. “Some of the successful assisted entities include – Wildcraft, Sm…
Procurement by PSUs, govt units from MSMEs to be increased | Kalraj Mishra
Procurement by public sector undertakings (PSUs) and government departments from MSMEs is “dismal” and should be increased, MSME Minister Kalraj Mishra said. “The government has made mandatory for the PSUs and government units that they should make at least 20 per cent of their …
Pradhan Mantri Fasal Bima Yojana – A boost to farmers
‘Pradhan Mantri Fasal Bima Yojana’ – a path breaking scheme for farmers’ welfare is launched by Prime Minister Narendra Modi. The new Crop Insurance Scheme is in line with One Nation – One Scheme theme. As per the scheme: There will be a uniform premium of only 2% to be paid by farme…
Jaya eases loan burden off MSMEs, offers vendors credit
Tamil Nadu’s Chief Minister J Jayalalithaa, on January 14, announced special concessions and interest-free loans to small, medium and micro industries, besides vendors affected by the recent floods in the State. In a statement at Chennai, she said street vendors selling flowers, fruits and vegeta…
MSMEs best vehicle for inclusive growth | S C Jamir, Odisha Governor
Odisha Governor S C Jamir said, at least 25 per cent of the total procurement of any government department of PSU should be made from MSMEs. The Micro, Small and Medium Enterprise is the best vehicle for inclusive growth as it creates local demand and consumption, he said. Addressing the valedict…
RIL to partner small entrepreneurs in West Bengal | Mukesh Ambani
Speaking at the Bengal Global Business Summit held in Kolkata on 8-9 January 2016, RIL Chairman Mukesh Ambani said the company would partner small entrepreneurs of West Bengal by providing them connectivity. Reliance Jio has invested nearly Rs 5,000 crore in Bengal in the last three years for dev…