The government has made no provision for its ambitious India Aspiration Fund, part of StartUp India initiative, for the next financial year and has reduced the allocation to Rs 100 crore from Rs 600 crore made earlier for the current fiscal. In order to provide support to startups through Fund of…
Tag: LIC
बजट 2017-18 में स्टार्टअप्स फंड के लिए नहीं किया कोई प्रावधान, एमएसएमई को भी मिल सकता था फायदा
मोदी सरकार ने अपने महत्वाकांक्षी स्टार्टअप इंडिया पहल का हिस्सा इंडिया एस्पीरेशन फंड के लिए वित्त वर्ष 2017-18 के लिए एक भी रुपए का प्रावधान नहीं किया है। इतना ही नहीं सरकार ने चालू वित्त वर्ष के लिए तय किए गए 600 करोड़ रुपए के आबंटन को भी घटाकर 100 करोड़ रुपए कर दिया है। […]
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SIDBI inks pact with LIC to boost venture capital ecosystem
Small Industries Development Bank of India (SIDBI) said it has tied up with Life Insurance Corporation of India (LIC) for augmenting capital support to enterprises in the country. The idea behind tying up with the state-run insurance behemoth is to give a boost to the venture capital ecosystem fo…
MSME bank SIDBI, LIC join to fund the funders
Small Industries Development Bank of India (SIDBI) signed a Memorandum of Understanding (MoU) with Life Insurance Corporation of India (LIC), in the presence of Jayant Sinha, MoS for Finance, for supplementing Government’s efforts under ‘Fund-of-Fund’ operation for the Venture Fund industry. The …
ASSOCHAM wish-list to step-up Credit Flow to MSMEs
India’s apex industry body Associated Chambers of Commerce and Industry of India (ASSOCHAM) wish-list to banks to improve credit flow to MSMEs: Managers of specialized MSME bank branches should be given more powers and flexibility. The specialized MSME branch should focus only on MSMEs. RBI shoul…