Interested bidders were earlier required to submit an earnest money/bid security with a view to establishing reliable sources for procurement of goods commonly
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Tag: DIPP
Govt formulating Rs 2k cr credit gurantee scheme to help start-ups access collateral-free loans
DIPP-recognized start-ups will be provided portfolio-based credit guarantee of upto Rs 500 lakh per case
10 eligible start-up loans during a particular financial year a must
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DIPP inks agreement with Punjab to setup India’s first Tech & Innovation Support Centre
The Department of Industrial Policy and Promotion has inked an institutional agreement with the Punjab State Council of Science and Technology to establish India’s first Technology and Innovation Support Centre (TISC) at the Patent Information Centre of the state. The agreement is in line with th…
DIPP drafting new “future ready” industrial policy with MSMEs, innovation & taxation on its mind
With Industrial Revolution 4.0 knocking on doors, Department of Industrial Policy and Promotion (DIPP) is gearing up to step up the 1991 Industrial Policy of India with its thought over mid and long-term targets for the new industrial policy. The reforming new industrial policy for a “future read…
Tech start-up funding touches $5.56 b in first half of 2017: Report
Over $5.56 billion was invested across 452 Indian tech start-ups during the period January-June 2017. While in Q1 2017 about $1.46 billion was invested across 206 start-ups, Q2 witnessed 217 deals amounting to $4.1 billion in funding.
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Govt seeks suggestions to formulate new industrial policy
The new policy also aims at aligning with the government’s flagship programmes such as Make in India, Skill India, Startup India and the foreign direct investment norms.
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Noida firm develops digital platform for Govt’s ‘Startup India’ Hub
Noida-based digital technology firm, To The New (TTN), has designed the digital platform for The Startup India Hub, launched by the Department of Industrial Policy and Promotion, on June, 19. A first of its kind initiative, the Startup India Hub is aimed at promoting the ecosystem for start-ups a…
DIPP constitutes 6 groups for preparing new industrial policy
The commerce and industry Ministry has constituted six groups for preparing a framework for the country’s new industrial policy that includes taxation, MSME and innovation, among others. The Department of industrial Policy and Promotion (DIPP), under the commerce ministry, is working on thi…
Cabinet may give nod to Rs 2k cr Credit Guarantee Fund in July
The proposed credit guarantee fund that will help startups get collateral-free loans is likely to get the cabinet nod in July. The fund, with a total corpus of Rs 2,000 crore, was announced in January 2016 by Prime Minister Narendra Modi to enable greater financial support for startups. “We…
Ministry of Corporate Affairs notifies operational & compliance relaxations for start-ups
In its bid to boost the ecosystem for start-ups, the Ministry of Corporate Affairs (MCA) has notified a slew of operational and compliance relaxations. Key among them is the ability to raise deposits from members, with exemption from procedural compliance for an extended period of five years. …