Jaipur: Rajasthan has received approval from the Centre for setting up seven new livelihood business incubators (LBI) in the state. For each LBI, a grant of Rs 1 crore has been sanctioned under which youth will be provided skill development in various trades. Union Ministry for Micro Small and Me…
Tag: Micro Small and Medium Enterprises (MSME)
SMEs may turn to cooperative banks
Bengaluru: The Micro, Small and Medium Enterprises (MSME) sector, which is on the road to recovery after taking a hit during the demonetisation drive, is caught in a bind yet again with the new regulations of State Bank of India, which mandates a minimum balance for savings accounts. Unable to me…
Govt mulls revision of SME definition; To look at easing compliance cost in GST
Chennai: The government is working towards redefining entities that would get classified as Micro, Small and Medium Enterprises (MSME) units. In a bid to align policies to the best practices followed in other countries, KK Jalan, Secretary, MSME said that the central government is looking to revi…
NIRDPR to support 120 rural start-ups, innovators
Hyderabad: Hyderabad-based National Institute of Rural Development and Panchayati Raj (NIRDPR) is making efforts through its rural innovation and startup conclave to create networking opportunity with incubators, mentors and funding agencies. NIRDPR has received around 200 applications from start…
Exit barriers for MSMEs not given much attention, says EDII Director
Ahmedabad: Even as rising number of sick Micro Small and Medium Enterprises (MSME) units continue to plague Gujarat, the Entrepreneurship Development Institute of India (EDII) in Ahmedabad is reportedly working in ‘policy formation’ for MSMEs at both the state- and central-level to counter this t…
Pearl Academy strengthens its partnership with Khadi India
Pearl Academy, an institute for fashion, design and creative business entered into a partnership with Khadi India, as the students performed at the Khadi tableau which was a part of the 68th Republic Day celebrations in Delhi on January 26. The students of Pearl Academy adorned themselves in Khad…
PM Modi to attend MSME National Awards at Ludhiana on September 27
Prime Minister Narendra Modi will be the chief guest of the MSME national awards program to be held at Punjab Agricultural Univeristy, Ludhiana on 27th September. This was confirmed by Minister of State for Micro Small and Medium Enterprises (MSME) Giriraj Singh, who himself will visit Ludhiana o…
Ritu Beri’s designs give fillip to KVIC revenue
The Khadi and Village Industries Commission (KVIC) said it has launched garments conceptualised and designed by fashion designer Ritu Beri. “Priced at Rs 1,299, these are easy-to-wear garments,” KVIC Chairman V K Saxena said in a statement. He said many celebrities and politicians have endorsed t…
Credit plan envisages support for agriculture, MSMEs
A Rs.6,212.38 crore Annual Credit Plan (ACP) has been released for the district for 2016-17 envisaging priority lending support across sectors, including agriculture and MSMEs. G Vijaya, District Revenue Officer (DRO), Cuddalore launched the ACP for the fiscal prepared by the lead bank, the India…