In a move aimed at enhancing energy security, the government on December 17, 2015 cleared allotment of coal blocks to PSUs for the sale of the fossil fuel mainly to medium, small and cottage industries and a policy for developing Underground Coal Gasification in coal and lignite areas. “The Cabin…
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US Fed rate hike will have minimal impact on MSMEs| Arvind Subramanian, Chief Economic Advisor
The impact of the US interest rate hike should be minimal in India as the country is relatively well cushioned, Chief Economic Adviser Arvind Subramanian said on Thursday Policy makers, including Reserve Bank of India Governor Raghuram Rajan, have been touting India as being more insulated to Fed…
Exclusive | SMEs have a huge role to play in mining | Mines Secretary
In a departure from the arbitrary way of non-coal mines allocation, a transparent auction process is set to start in the country bringing a lot of opportunity for the SME sector. Apart from value-addition of major minerals, the SME sector can also look forward to bidding for minor minerals. While…
SFURTI | Scheme to enhance productivity of Khadi & Village Industry and Artisans
To boost Khadi and Village Industries, the government has approved 71 new clusters with an outlay of Rs 150 crore to benefit 44.500 artisans in the country. The Minister of State Griraj Singh said, 10 of them will be major cluster, while 59 minor and two heritages. The clusters include coir as we…
Pradhan Mantri Mudra Yojana | Loans worth Rs 45,949 crore disbursed to MSMEs
The government has provided loans worth Rs 45,949 crore to micro and small enterprises till November 2015 end under the Prime Minister Mudra Yojana launched by Narendra Modi in April 2015. The scheme was first proposed by Finance Minister Arun Jaitely in 2015 Union Budget to create a Micro Units…
Exclusive | MSME response for online UAN encouraging | Anup Pujari
Udyog Aadhar Number, a scheme launched by Micro, Small and Medium Enterprises Minister Kalraj Mishra in September this year to provide on-line registration of small and medium business in the country has evoked positive and encouraging response in the country. Till date, more than 91,000 Micro, S…
10,000 MSME coir manufacturing units in Kerala; Cluster is self-sustainable | DIPP
There are about 10 thousand Micro, Small & Medium coir manufacturing units in Alappuzha district which are involved in husk collection, coir fibre extraction, spinning & rope making, coir matting, coir carpets and more. Coir processing at Alappuzha (Kerala) is a traditional hand-loom acti…
Vodafone’s enterprise arm to help SMEs stay competitive
Vodafone Business Services (VBS), the enterprise arm of Vodafone India, plans to transform itself from a mobility products provider to a provider of information and communications technology (ICT) products. VBS is also revamping its existing engagement model and will double its channel network by…
NSE, Andhra Pradesh Govt. to facilitate growth of SMEs
The National Stock Exchange (NSE) and the Andhra Pradesh government are collaborating to facilitate the growth of high potential small and medium enterprises (SMEs) in the state so that they are enabled to scale up their businesses to compete globally, said Executive Director of SEBI (Securities …
SMEs will prove to be a game changer in ‘Make in India’ pitch | Delcam
“There are thousands of SME’s in India which are highly contributing to the manufacturing sector. SME’s are slow adapters of technology, but they are very quick in implementation of these technologies. The industry is trying its best to come up with innovative solutions to fulfill the demands of …