On January 7, the Government announced: “MUDRA (Micro Units Development Refinance Agency) loans amounting to Rs 71,312 crore have been disbursed to 1.73 crore borrowers as on 1st January, 2016.” A closer look at these numbers reveals the government refinanced loans of only Rs 2,000 crore under th…
Tag: SME
West Bengal unveils new start-up policy
To provide an enabling ecosystem to support and nurture startups in the state, the West Bengal Government launched the state startup policy at the Bengal Global Business Summit. The policy, a document with eight broad pointers comes complete with a preamble, a vision, the state’s mission, t…
Skill mapping to boost MSMEs | Kalraj Mishra at PMEGP workshop
For the first time the union government has conducted industrial profile and skill mapping to ascertain where MSME industries could be set up. Skill training was being provided to youths so that they as well the industry could know about each other’s requirement, Union Minister for Micro, Small a…
Integrated textile park soon at Beed, Maharashtra
The Maharashtra Government plans to set up its second integrated textile park at Beed. Chief Minister Devendra Fadnavis said, on Sunday the government will make special efforts to increase the usage of indigenous seeds in the state. The Chief Minister said, that although the state produces 31 per…
Slow kickoff for Fourth Dimension’s IPO
The initial public offering (IPO) of Fourth Dimension Solutions on the NSE’s SME platform Emerge has seen a slow start, with total bids for just 28,000 shares so far, which represents 0.01 times of the 28,92,000 shares up for sale. The IPO price is fixed at Rs 30 apiece, which represents a …
MSME body opposes Bonus Amendment Bill
The Micro, Small and Medium Enterprises (MSME) industry in Uttar Pradesh has strongly opposed the retrospective implementation of the Payment of Bonus Amendment Bill 2015. On December 23, the Parliament had passed the Bill amending the Payment of Bonus Act, by which more employees have become eli…
Industry leaders to mentor SMEs at Kochi B2B meet
Nearly 400 Indian and foreign buyers are expected to conduct business at the three-day Kerala Business to Business (B2B) Meet 2016 here. Over 250 buyers have already registered for the meet, which will exclusively feature the state’s steadily-growing Small and Medium Enterprises (SMEs). Organised…
Scheme to boost ‘Make in India’ in textile sector
Government approves ‘Amended Technology Upgradation Fund Scheme’ for Textiles industry. It will generate one lakh crore rupees investment & create over 30 lakh jobs Government has approved a scheme to boost Make in India in textiles that would help in generating Rs one lakh crore investment…
‘Bada Socho. TV Socho’ | Amagi Ad campaign’s message to SMEs
Amagi, India’s largest TV ad network has launched its new TV campaign, ‘Bada Socho.TV Socho’ (Think Big, Think TV), encouraging entrepreneurs to target their audience on national TV. Amagi’s patented watermarking technology enables it to split national ad inventory and sel…
Exclusive | Rooftop Solar – a big opportunity for MSMEs in Bengal
West Bengal government may soon introduce roof top solar power system, especially for high rise buildings. This in turn is expected to through up huge opportunities for the small and mid-sized solar companies, panel makers. That’s not all. Moves are afoot to offer a subsidy/incentive of 20 per c…