Tag: Budget 2016

Industry sought more from Budget 2016 for MSMEs

Finance Minister Arun Jaitley presented his third and full time second Union Budget. With a demand of supporting “Make in India” campaign and small and medium businesses, he announced a slew of schemes and tax exemptions. The Union budget has focused on farmers, rural infrastructure, agriculture,…

Rs. 100 crore earmarked under ASPIRE scheme by MSME Ministry

While addressing a press conference held on 8th March at New Delhi, Union MSME Minister Kalraj Mishra hailed Budget 2016 and informed that a sum of Rs. 100 crore has been earmarked under ‘A Scheme for Promotion of Innovation, Rural Industries and Entrepreneurship’ (ASPIRE). The government is keen…

39 Clusters under SFURTI to be approved | Kalraj Mishra

Union MSME Minister Kalraj Mishra highlighted Scheme of Fund for Regeneration of Traditional Industries (SFURTI) during a press conference. He said 39 clusters under SFURTI would be approved with an approximate cost of Rs. 60 crores. It would be benefiting more than 10,000 artisans. The Scheme is…

Govt may form national hub for dalit MSME entrepreneurs | Minister Gehlot

Union Minister for Social Justice & Empowerment Thaawarchand Gehlot has said that this year being 125th Birth Anniversary of Dr. B R Ambedkar, it will also be the Year of Economic Empowerment for SC/ST entrepreneurs. In this regard, Rs 500 crore has been allotted in the budget for Stand Up In…

Official Start-Up web portal to be launched

Government will launch a portal for startups by next week and begin the registration process with a view to encourage budding entrepreneurs and promote ease of doing business, a top official said on March 5. Secretary in the Department of Industrial Policy and Promotion (DIPP) Ramesh Abhishek sai…