The government has initiated several measures to provide technology, training and finance to micro, small and medium enterprises (MSME), according to MSME Secretary Anup K Pujari. The sector is the single largest contributor to India’s gross domestic product and the second Largest provider …
Policy
STARTUP ACT IN WORKS TO CRANK UP INNOVATION
The Narendra Modi government wants to provide a powerful launch pad for startups by drastically simplifying the rules and ensuring that innovators are able to take advantage of such an enabling environment, thus unleashing entrepreneurial energies and creating jobs. At the heart of the initiativ…
RBI’S BID TO PROMOTE MSMEs GETS GOOD RESPONSE
In its bid to prevent concentration of bank credit only to large industries and a handful of borrowers, the Reserve Bank of India (RBI) has introduced the concept of priority sector and directed banks to lend a minimum of 40 per cent of net bank credit to this sector, which includes Micro, Small …
EACH DISTRICT TO HAVE START-UP INCUBATOR
Kalraj Mishra, Union minister for micro, small and medium enterprises (MSME), announced a start-up incubator centre for each of Rajasthan’s 33 districts. His announcement came in response to the demand for such centres in all the six divisions of Rajasthan by chief minister Vasundhara Raje …
Karnataka seeks to exempt MSMEs trade license in municipal limits
The State Government has proposed a set of amendments to its municipal laws by which micro, small and medium enterprises (MSME) as well as other industries in certain notified industry sectors will be exempt from possessing trade license. The Karnataka Municipalities Act as well as Karnataka Muni…
Rajasthan’s new MSME policy launched
Rajasthan on Friday launched a new policy for micro, small and medium enterprises (MSMEs) to promote the sector. The ‘Rajathan MSME Policy 2015’ was unveiled by Union MSME Minister Kalraj Mishra along with Rajasthan Chief Minister Vasundhara Raje on the concluding day of the two-day &…