In order to give impetus to startups, the government will hold detailed discussions here with states and other stakeholders on July 23. The main aim of the day-long function is to share knowledge and best practices being followed by few states on promoting budding entrepreneurs, an official said.…
Tag: Narendra Modi
Indian start-ups showcase prowess in Africa
In an effort to boost the start-up ecosystem in Africa, a delegation of 21 Indian start-ups, which had accompanied Prime Minister Narendra Modi to Kenya, have showcased their technologies and case studies there. These start-ups were jointly led by the Federation of Indian Chambers of Commerce and…
Government mulling to start rating MSMEs on 50 parameters
The government plans to soon start rating Micro, Small and Medium Enterprises on 50 parameters and classifying them into five categories as part of an initiative that is in sync with the Make in India programme and Prime Minister Narendra Modi’s call for “zero defect” manufactur…
CAPC being formed for defaulters of loans | MSME Minister makes announcement at Super SME Awards
Micro, Small and Medium Enterprises (MSME) should stop worrying about being declared as non performing assets (NPA) if they fail to repay loan for three months. MSME Ministry in collaboration with the Finance Ministry has worked out a plan for ease of business of MSMEs. The scheme covers not only…
Cabinet approves Rs 10,000 crore scheme to train 50 lakh apprentices by 2020
The Union Cabinet on July 7, 2016 approved the National Apprenticeship Promotion Scheme having an outlay of Rs 10,000 crore with a target to train 50 lakh apprentices by 2019-20. The decision was taken at a Cabinet meeting chaired by Prime Minister Narendra Modi here. The scheme would be implemen…
Kalraj Mishra unveils world’s largest ‘Charkha’ at IGI Airport
New Delhi, July 5: World’s largest Charkha (spinning wheels) was unveiled today by Kalraj Mishra, Union Minister for MSME at the Terminal 3 of IGI Airport Delhi. The idea behind displaying the world’s biggest charkha at the country’s “busiest airport” is to highlight India’s quest to foster an eg…
Gujarat govt to organise separate ‘vibrant summit’ for MSMEs
Gujarat Chief Minister Anandiben Patel said a separate ‘Vibrant Gujarat Global Summit’ for Micro, Small and Medium Enterprises (MSMEs) would be organised to attract investment in the sector. The announcement of organising such an event, which will be on the pattern of biennial ‘…
Coir manufacture estate to be initiated in Mayiladuthurai
National Coir Board Chairman and former MP C P Radhakrishnan has said that the Government is thinking of initiating a Coir manufacturing estate in the town. The BJP man told the press after attending a private function here. The central government will extend its support to raise the voice of Tam…
After Modi govt’s easier labour norms, textile exporters vow to add jobs
Less than a week after the government announced radical changes to labour laws and offered a Rs 6,000-crore package to the garments sector, exporters are pitching in to do their bit. As many as 38 garment exporters — including 13 Small and Medium Enterprises with a turnover of under R5 crore each…
Government to make changes in income tax act to promote startups
The government has removed the so-called ‘angel tax’ for investors providing funding to startups under its ambitious plan to boost entrepreneurship and job creation in the country. Funding to startups, notified under the government-approved plan announced by PM Narendra Modi in Januar…