In a strategy shift, Asset Reconstruction Co. (India) Ltd (ARCIL) has decided to focus on recovering loans from retail borrowers and small and medium enterprises (SMEs), while looking at mid-sized companies on a selective basis. Vinayak Bahuguna, managing director and chief executive officer of t…
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PM to inaugurate ‘Make in India’ week in February in Mumbai
Prime Minister Narendra Modi will inaugurate the ‘Make in India’ week in Mumbai on February 13, being jointly organised by the Centre and the Maharashtra government. The event will showcase India’s potential under the theme of innovation, design and sustainability across focus s…
It is Official now. MSME Minister Kalraj Mishra launches SMEpost.com
Source: http://pib.nic.in/newsite/erelease.aspx?relid=0 Government to come out with comprehensive MSME Policy. Former Cabinet Secretary Prabhat Kumar to head Hi-Power Committee to draft the policy | Kalraj Mishra at the launch of SMEpost.com Micro, Small and Medium Enterprises Ministry has decide…
Pune start-up develops mobile app for SMEs
EPPS Infotech, a new-age start-up in the ERP (enterprise resource planning) business has launched its indigenously developed a mobile ERP platform solution for Small and Medium Enterprises (SMEs). It is targeting sales revenues of Rs 100 crore over the next three years. The Pune-based company has…
Haats to come up on India-Bangladesh border
With an endeavour to promote local goods produced in the remote areas through traditional marketing system, Cabinet today have its ex-post-facto approval for pact between India and Bangladesh for setting up Border Haats. The move will give boost to the micro enterprises in the area. The move aims…
West Bengal Business Summit focus on SMEs
West Bengal chief minister Mamata Banerjee had announced after the Global Business Summit last year that the state had got investment proposals worth Rs 2.43 lakh crore. The state is once again poised to hold a two-day Bengal Global Business Summit on Jan 8-9, with a vision to establish an image …
MUDRA made a bank under SIDBI to lend to small units
To ensure more money for micro and small enterprises, the Union Cabinet on Wednesday approved conversion of Mudra Ltd (Pradhan Mantri Micro Units Development Refinance Agency), into a bank, besides the setting up of two credit guarantee funds. The two funds will cater to loans disbursed under the…
FISME pre-budget suggestions to Finance Ministry
Union Finance Minister Arun Jaitley met the representatives from the industry bodies yesterday to hold pre-budget consultation with them. Federation of Indian Micro and Small & Medium Enterprises (FISME) wanted inter-state GST should precede full-fledged roll out of the game changing indirect…
Exclusive | Prabhat Kumar to head panel to draft MSME policy |Kalraj Mishra
New Delhi, Jan 8 : Govt to come out with comprehensive MSME Policy. Former Cabinet Secretary Prabhat Kumar to head Hi-Power Committee to draft the policy: Kalraj Mishra Micro, Small and Medium Enterprises Ministry has decided to come out with a comprehensive policy for MSMEs, which will be dra…
Exclusive | UAM, Funding & Skill Initiatives to be key drivers of MSME growth | MSME Minister Kalraj Mishra
Prime Minister Narendra Modi has decided to pursue inclusive growth with renewed vigor in the New Year so that India shines for all especially those living in six lakh villages. The key to success of this initiative is promotion of MSMEs across India in view of its huge potential for job creation…