Move is afoot to launch a portal as also an app to make the registration process for start-ups easy and hassle-free, a top government official said here. Highlighting the five pillars around which the Action Plan for start-ups has been developed, Shailendra Singh, Joint Secretary and Chief Vigila…
Tag: SIDBI
SIDBI okays Rs 600 crore under India Aspiration Fund
The Small Industries Development Bank of India (SIDBI) has approved Rs 600 crore under the India Aspiration Fund so far, said the Joint Secretary and Chief Vigilance Officer, Department of Industrial Policy and Promotion, Ministry of Commerce and Industry, Shailendra Singh on February 21 Singh pa…
Infrastructure should be main focus of Budget 2016 | Umesh Revankar, MD, CEO, Shriram Transport Finance
Infrastructure should be main focus of this year’s budget. ‘The Make In India’ campaigns success hinges totally on support system and enabling environment. India needs faster & efficient connectivity between ports, railways to the site / plants that would reduce logistics cost which is probab…
Exclusive | Outdated MSME schemes to be pruned in the budget: Govt
The union budget to be presented by Finance Minister Arun Jaitley on February 29 is likely to prune 180 odd schemes to promote Micro, Small and Medium enterprises in the country into 40-50 schemes to make them more effective. Official sources told SMEpost.com that the idea behind this consolidati…
SIDBI provides Rs 1,100-crore risk capital assistance to 500 MSMEs
Small Industries Development Bank of India (SIDBI), the financial institution for promotion and financing of MSMEs, has extended risk capital assistance of close to Rs 1,100 crore to 500 MSMEs, it said in a statement on January 15. “Some of the successful assisted entities include – Wildcraft, Sm…
Rs. 400 Cr SIDBI VC fund for Bengal & Maha
SIDBI Venture Capital Ltd (SVCL), the wholly-owned asset management company and a subsidiary of Small Industries Development Bank of India (SIDBI), has set up two State-specific funds – one each for West Bengal and Maharashtra – to the tune of Rs. 400 crore for funding start-ups and Micro, …
RBI’s novel method to improve MSME lending
In order to find innovative ways of lending to the MSME segment, Reserve Bank of India’s Pune-based College of Agricultural Banking will conduct a case study competition for the bankers. The topic of the competition is Case Study: Lending to an MSME Borrower in an Innovative Way, RBI said i…
Modi to unveil Action Plan for Start-up India on Jan 16
The government will kick-start the “Start-Up India, Stand-Up India” initiative with Prime Minister Narendra Modi unveiling the Start-up Action Plan on January 16. This will be a government’s New Year gift to “young people” who want to set up new businesses or innovative projects, highlighting th…
Chennai floods wash out Rs 1,700 crore MSME business | SMERA Report
Of the estimated Rs 15,000 crore losses due to the recent devastating floods in Chennai, coastal Tamil Nadu and the neighboring Puducherry, MSMEs bore the maximum brunt of about Rs 1,700 crore, says a report. On a most conservative side, MSME sector has lost nearly Rs 1,700 crore to the calamity …
Start-up India has Rs 930-crore legs to stand on
The government’s `Startup India, Stand Up India’ programme seems to be gaining some momentum, with the Small Industries Development Bank of India (Sidbi) clearing Rs 930 crore from the Rs 2,000-crore fund-of-funds it launched in August to support venture capital funds. Sidbi’s I…