If one organization truly believes in the motto ‘Small is big’ it is the National Small Industries Corporation (NSIC). NSIC has worked untiringly towards making a success story of the small and medium enterprises. The ‘Mini-Ratna’ public sector enterprise under the Micro, Small and Medium Enterpr…
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Maharashtra bats for Skill Development
Maharashtra Industries Minister Subhash Desai called upon education institutions giving engineering training to focus on skill development. “Today’s employers want to employ persons who will be of utility to their industry. They won’t take anybody in simply because they have a d…
MUDRA Loans: Banks, Microfinance take Lion’s share
On January 7, the Government announced: “MUDRA (Micro Units Development Refinance Agency) loans amounting to Rs 71,312 crore have been disbursed to 1.73 crore borrowers as on 1st January, 2016.” A closer look at these numbers reveals the government refinanced loans of only Rs 2,000 crore under th…
BSE – AMU Global Meet on interest-free banking
The Aligarh Muslim University and Bombay Stock Exchange have decided to jointly organize an international conference on interest-free banking in April this year in Mumbai. AMU and BSE took the decision at the visit of a BSE delegation to the university on Saturday. RBI Committee on ‘Medium Term P…
MSME sector in Tamil Nadu sore over delay in flood relief measures
Industry associations representing micro, small and medium enterprises from the flood-hit areas in Tamil Nadu lamented the continued delay in disbursement of financial support from the government, banks and insurance companies. At an interactive session organised by the Southern India Chamber of …
Invest in Andhra Pradesh, Jaitley tells entrepreneurs
Finance Minister Arun Jaitley on January 10 made a strong pitch for Andhra Pradesh as an investment destination, saying that its leaders were completely focused on development and that the state had plenty of resources. He was speaking at the inauguration of the three-day Partnership Summit joint…
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 …
Make MUDRA Independent: CAIT
The Confederation of All India Traders (CAIT) has urged Finance Minister Arun Jaitley to free Mudra from the clutches of Reserve Bank of India by bringing in necessary legislation in Parliament. Mudra should be made an independent regulator to effectively cater to the financial needs of non corpo…
UP govt to revive traditional industrial clusters
Lucknow Special Correspondent: The Uttar Pradesh government is keen on reviving traditional industrial clusters once dotting the state. “With this in mind, the state government plans to build a network of incubation labs and packaging and design support to MSMEs,” Principal Secretary Infrastructu…
Odisha govt to bring out a new MSME development policy
Odisha Government is in the process of bringing out a new MSME (Micro, Small & Medium Enterprises) Development Policy and an Entrepreneurship Development Policy, said Chief Minister Naveen Patnaik while inaugurating the MSME Trade Fair -2016 in Bhubaneswar on January 8. Inaugurating the seven…