SIDBI Venture Capital Ltd (SVCL), the wholly-owned asset management company and a subsidiary of Small Industries Development Bank of India (SIDBI), has set up two State-specific funds – one each for West Bengal and Maharashtra – to the tune of Rs. 400 crore for funding start-ups and Micro, …
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Skill development in PPP mode
In a bid to create employment opportunities at the grass-root level, the Center has called for a public-private partnership that will work towards creating Skill Development Centers across the country. Addressing a press conference at the National Industry Conclave on Skills’ organised by t…
RBI’s novel method to improve MSME lending
In order to find innovative ways of lending to the MSME segment, Reserve Bank of India’s Pune-based College of Agricultural Banking will conduct a case study competition for the bankers. The topic of the competition is Case Study: Lending to an MSME Borrower in an Innovative Way, RBI said i…
Ebay, WCD Ministry join hands to promote women entrepreneurs
Women entrepreneurs will soon be able to market their products globally using an accessible online platform to be created by the Women and Child Development Ministry in collaboration with ebay. The Ministry along with the e-commerce giant is all set to launch a new brand called ‘Women of In…
MSME fair in Bhubaneswar: Log on to success stories
From young graduates to experienced professionals, from salaried employees to ambitious housewives, people from across the social spectrum are jumping onto the start-up bandwagon that has been sweeping India. And Odisha is no exception. Aspiring entrepreneurs, mostly young people, are displaying …
Government approved Stand Up plan for SC, ST and women entrepreneurs
In a bid to create jobs and promote entrepreneurship, the government had approved Rs 8,000- crore fund that will stand guarantee for loans to new ventures and also announced ‘Stand up India’ scheme for credit facilities to SC, ST and women entrepreneurs at lower rates. While Rs 3,000 …
Parrikar unveils contours of Defence Procurement Policy
Almost fourteen months after becoming Defence Minister, and after missing numerous self-imposed deadlines, Manohar Parrikar announced the contours of the Defence Procurement Policy of 2016 (DPP-2016), which will guide military acquisitions after it is promulgated in another two months. The policy…
UP to boost Hospitality sector
In a significant boost to the hospitality sector, the Akhilesh Yadav government is set to award a cash subsidy of Rs 10 crore to investors interested in setting up hotels in Uttar Pradesh. The proposed UP Tourism Policy-2016, combined with other incentives on offer, is likely to attract key playe…
Mudra Bank refinances Rs 1,500 crore to SMEs
Mudra Bank, which has been set up to provide credit to micro units, has refinanced Rs 1,500 crore under the Pradhan Mantri Mudra Yojana. “In the first nine months of inception, Mudra Bank has so far refinanced Rs 1,500 crore to micro units through public sector banks,” Mudra Bank CEO …
PSU Banks asked to focus on niche areas, infra sharing
The Ministry of Finance (MoF) is keen that public sector banks should carve out a niche in some specific banking sectors and also share the infrastructure. “Have the banks started carving out a niche for them in some specific banking sector such as retail, SME, project finance and geographies so …