The approved draft policy aims to rope-in Rs 1500 crore for incubation of 500 start-ups; Will facilitate at least Rs 200 crore worth venture capital
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Tag: SME
Govt planning National Conclave to boost MSE procurement by showcasing products to potential buyers
The proposed conclave is likely to take place some time around first week of November; Will bring together relevant stakeholders and potential buyers
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Top executives of Indian firms come forward to lend a hand to cash-crunched SMEs
Y M Deosthalee, former CMD of L&T Finance Holdings Ltd, indicated on September 12 that over a dozen top executives of Indian firms are planning to create a fund that will lend exclusively to the small and medium enterprises (SMEs) in the country. “It is often difficult for SMEs to get funds f…
ICICI Lombard to tap on SME sector for accelerated growth of insurance portfolio
Insurance penetration in SME sector is very low, so it offers high potential for growth. At present, contribution from this key sector to ICICI Lombard’s business mix is not significant
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Manufacturing sector is showstopper here as #BSESMEExchange listing all set to touch 200 mark
Manufacturing sector tops the chart with around 40 per cent companies forming the listings out of the total 194 companies, closely followed by services sector having around 36.6 per cent share in the listings on the SME bourse
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Online platform in offing for easier access of MUDRA loans to micro units
Online platform will also use analytics to provide lenders with more information about micro borrowers
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Govt proposal to scrap loan licensing in draft pharma policy triggers SME concerns
The draft pharma policy’s plan to do away with loan licensing would lead to revenue loss for SMEs, disrupt the supply chain and make installed capacities redundant, says industry
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NASSCOM planning to setup India’s 2nd Centre of Excellence in Gujarat
Indian Information Technology industry catalyst National Association of Software and Services Companies (NASSCOM) has unveiled a new plan to further boost nation’s IT sector by setting up its second Centre of Excellence, this time in Ahmedabad, Gujarat. The centre is expected to foster around 100…
NetApp Excellerator shortlists 6 B2B start-ups to grant $15k alongwith mentorship
NetApp plans on 2 cohorts in a year; 6 start-ups shortlisted in first cohort to now undergo 4-month mentoring programme and receive $15,000 grant, too
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How fintech start-ups can help banks bridge SME lending gap in India
A major challenge that could stymie SME sector growth is the lack of adequate and timely funding
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