While the Modi government is expected to announce a slew of sops including extended tax exemption for startups in the Budget. It is expected that many of these schemes will get a face-lift during this year’s Budget. Here is a look at key announcements made during the launch of Start Up Indi…
Tag: SIDBI
Govt planning to overhaul Rs 10k cr start-up fund
The department of industrial policy and promotion (DIPP) is set to overhaul its Rs10,000 crore start-up funding scheme by allowing venture capital (VC) funds to invest half of the corpus in start-ups and the rest of it in firms at a more mature stage to reduce capital risk. The VC funds that mana…
Maheshwari Logistics SME IPO garners Rs 123 cr subscription
The initial public offer of Maheshwari Logistics has garnered a whopping subscription of Rs 123 crore, making it the second highest share sale of a small and medium enterprise (SME). The issue, which was subscribed 4.53 times of total shares offered, witnessed huge participation of both retail an…
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…
Budget 2017 may spring sweet surprises for start-ups
Prime Minister Narendra Modi’s flagship project, Startup India, might get a push in upcoming Union Budget. According to some media reports, to guarantee the success of the key program, the Department of Industrial Policy and Promotion (DIPP) is designing a new set of tax concessions on empl…
DIPP proposes tax concession for start-ups, likely to be announced in union budget 2017
In order to boost the government’s Startup India, Standup India movement, the Department of Industrial Policy and Promotion (DIPP) is reportedly formulating a new set of tax concessions on employee stock options, unlisted securities and convertible instruments. The latest Union Budget is expected…
Bank loans may increase for SMEs
Doubling the credit guarantee on loans taken by small and medium enterprises (SMEs) and enhancing their cash credit limits is expected to increase the banking sector fund flow to the SME sector. These steps announced by Prime Minister Narendra Modi on Saturday would also lower borrowing costs of …
Act smart! There are enough funding options for your start-up
The Securities and Exchange Board of India (SEBI) recently warned investors about the legality of crowdfunding. “Electronic platforms facilitating fundraising on digital platforms are neither authorised nor recognised under any law governing the securities market,” said the SEBI note.…
SIDBI issues Rs 10 cr each to Ankur Cap, Omnivore Partners
BENGALURU: The Small Industries Development Bank of India (SIDBI) on October 20 issued Rs 10 crore each to agriculture and rural development-focused venture funds Ankur Capital and Omnivore Partners from the ASPIRE fund, a fund of funds with a corpus of Rs 60 crore. The ASPIRE Fund, which is part…
MSME launches ASPIRE fund to promote entrepreneurship in rural areas
The Ministry of Micro, Small and Medium Enterprises (MSME) has launched ASPIRE Fund with a corpus of $8.9 Mn (INR 60 Cr) that aims at the promotion of entrepreneurship in rural India. The fund was launched by Kalraj Mishra, Minister, MSME, India. The funds launched will be administered The Small …