Enthused by rising exports of coir products and to improve ‘ease of doing business’, the Ministry of Medium, Small and Micro Enterprises (MSME) plans to revamp all schemes related to the industry. The revamped schemes, with focus on technology upgradation and incentivising new products for export…
Policy
Cabinet nod to capital goods policy to cut reliance on imported parts
The Cabinet has approved a first ever national capital goods policy that seeks to reduce reliance on imported equipment by incentivising domestic production and in the process creating crores of jobs The policy seeks to increase production of capital goods from Rs 2.3 lakh crore to 7.5 lakh cror…
Government revises norms of performance in Credit Rating Scheme
Government approved the revision in guidelines of the Performance in Credit Rating Scheme, aiming to increase its credibility and effectiveness for both borrowers and banks. Under the revised guidelines, the fee to be paid to the rating agencies shall be based on the turnover of the Micro and Sma…
Pro-MSME schemes to boost potential of North East region
Micro, Small and Medium Enterprsises (MSME in Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura – the ‘seven sisters’ that make up the North Eastern Region (NER) – stand to benefit from central government initiatives to encourage entrepreneurship…
Emphasis on MSMEs, ‘Make in India’ focal point | New defence policy
India’s new policy on defence procurement is heavy on industry involvement – from roping in private sector companies from the feasibility stage itself to hiring professionals to draft tenders and starting off with a preamble that describes ‘Make in India’ as the focal poin…
36 ‘white’ industries exempt from green clearance | Prakash Javadekar
It is time to rejoice for SMEs related to cotton and woolen hosiery, wind power, solar power, handloom weaving, toys, air coolers, etc as government has kept these industries in white category so that there is no need to take environmental clearance from government for such industries. A new cate…
Rs. 200 crore for Performance & Credit Rating Scheme to enable MSME credit access
Union MSME Minister Kalraj Mishra addressed a post-Budget press conference on March 08, 2016 in New Delhi and announced an all-time high budget of Rs. 200 crore for Performance and Credit Rating Scheme for financial year 2016-17. The allocation would enable units to be ready for accessing credit.…
Rs. 341 crore earmarked under MPDA scheme for Khadi and Village Industries Commission
Khadi production is expected to reach Rs. 1300 crore in the FY 2016-17, generating employment for 19.5 lakh people, Union MSME Minister Kalraj Mishra said addressing a post budget press conference in New Delhi. Briefing about the roadmap of MSMEs for next financial year in the press conference e…
Tool Rooms and Technical Centers to augment & upgrade machine and equipment | MSME Ministry
MSME Minister Kalraj Mishra in a press conference held at New Delhi on March 8th talked about the tool rooms and technical centres. He mentioned that 1,81,500 youth will be provided training and technological support. 36,600 MSEs will be provided Rs. 100 Cr capital expenditure, for augmentation a…
Rs.43.56 crores earmarked for Coir Board, to enable exports worth more than Rs.1500 Crores
Coir Industry is an agro-based traditional industry, which originated in the state of Kerala and proliferated to the other coconut producing states like Tamil Nadu, Karnataka, Andhra Pradesh, Odisha, West Bengal, Maharashtra, Assam, Tripura, etc. It is an export oriented industry and has greater …