Ministry of Minority Affairs has roped in Indian Institute of Packaging (IIP), National Institute of Fashion Technology (NIFT) and National Institute of Design (NID) to upgrade the design and packaging of 40 shortlisted handloom fabrics and handicrafts in the country. Maharastrian Paithani, Banar…
Tag: Narendra Modi
Incubators face penalty if start-ups fail innovation test
The Department of Industrial Policy and Promotion (DIPP) on March 31 said that if an incubator or funding body certifies a start-up as fit to receive government incentives without proper examination or without satisfying itself about the innovative nature of the business, it will be blacklisted f…
Startup India initiative to get a rural avatar
The government’s Startup India campaign aimed at boosting entrepreneurship will get a rural avatar in the soon-to-be-launched Deen Dayal Upadhyay Swaniyojan Yojana The programme being designed by the rural development ministry will be backed by MUDRA Bank loans, innovative credit linkages a…
PM Modi to launch Stand Up India programme in April
After the launch of the Start Up India programme, the government is now gearing up for Stand Up India, which mandates each bank branch to provide one loan to a Dalit or a borrower categorised as scheduled tribe or scheduled caste, and the other to a woman entrepreneur. While the scheme is already…
3D printing makes rapid strides in India
An aspiring engineer gifted with an entrepreneur’s instinct, Manish Amin, was drawn towards 3D printing after reading about Stratasys and MakerBot, two companies setting benchmarks in the red-hot business back in early 2012. For India, it was a farm-fresh patch and Manish, along with three …
Government to promote India as investment destination for startups
Government is preparing to launch a global campaign to hard sell India as attractive investment destination for startups and has invited proposals from creative agencies. The campaign will be launched in global as well as domestic markets across the media – print, electronic and social. …
Government raises fund limits to seed start-ups
The Department of Science and Technology (DST) may invest up to Rs. 1 crore in every fresh start-up that it will seed from the next financial year, Ashutosh Sharma, Secretary, DST said. The DST’s outlay for seeding has been increased four-fold—from Rs. 40 crore to Rs.180 crore—in the coming finan…
Small food clusters on the anvil
After the Finance Minister Arun Jaitely in his Budget speech proposed 100 per cent foreign direct investment (FDI) in food processing sector, the Central government has begun working on to establish small food clusters. Union Minister for Food Processing Harsimrat Kaur has said that the governmen…
Jewellery duty may dim start-ups’ prospects
Finance Minister Arun Jaitley’s Budget announcements were in line with the expectations of most start-ups. It was an affirmation of what had been promised by Prime Minister Narendra Modi at the ‘Startup India’ initiative in January. However, the proposed one per cent excise duty on branded jewell…
FM gives Rs 500 crore to support sc/st, women entrepreneurs
Union Finance Minister Arun Jaitley said the government will partner with Dalit Indian Chamber of Commerce and Industry (DICCI) to set up entrepreneurial hubs for entrepreneurs from the backward classes. Jaitley, presenting the Union Budget for 2016-17, said the government proposes to allocate Rs…