The Union Cabinet chaired by the Prime Minister Narendra Modi has given its approval to the Cadre review and formation of a new service in the name of Índian Enterprise Development Service (IEDS)’ in the Office of Development Commissioner (MSME), Ministry of Micro, Small and Medium Enterprises (M…
Tag: Stand-Up India
Rs 200 cr Amma fund soon to support start-ups in TN
The startup ecosystem in Tamil Nadu is likely to get a boost as the Amma Venture Capital Fund, announced by former CM J Jayalalithaa, will soon become operational, said government sources. With a 200 crore commitment, Amma VC Fund will work along the same lines as the already launched 20-crore bi…
Support MSMEs for setting up enterprises in medical field: IIA
A three-day exhibition of medical, surgical and lab equipment organized by Indian Industries association (IIA) ended with an educative workshop on the topic ‘support to MSMEs for setting up of enterprises in medical field.’ The workshop was attended by the industrialists from the vari…
Here’s how start-ups’ success can be measured
The problem with excessive and premature hype is that the euphoria is often followed by disillusionment. The soaring valuations of copycat e-commerce start-ups in the last three years has been reminiscent of the dotcom spurt at the end of the last century. The dotcom bust, when it happened, was s…
IntelleGrow launches India’s first SME Debt Pool Program in collaboration with Symbiotics, Geneva
IntelleGrow, a leading venture debt financing arm of Intellecap Group, launches India’s first SME Debt Pool Program in collaboration with Geneva-based leading global investment company Symbiotics to bring international financing to Small corporates and Medium Enterprises (SME) in the country thro…
SIDBI disburses Rs 3,337 crore in 2015-16
State-owned SIDBI has disbursed Rs 3,337.20 crore out of Rs 3,783.20 crore sanctioned during 2015-16 through its wholly-owned subsidiary MUDRA to fund the small and self owned enterprises. MUDRA (Micro Units Development and Refinancing Agency) encourages development of micro units. In order to fu…
Government approved Stand Up plan for SC, ST and women entrepreneurs
In a bid to create jobs and promote entrepreneurship, the government had approved Rs 8,000- crore fund that will stand guarantee for loans to new ventures and also announced ‘Stand up India’ scheme for credit facilities to SC, ST and women entrepreneurs at lower rates. While Rs 3,000 …
Exclusive | All eyes on Budget to empower & enable MSMEs | Ravindra Nath, NSIC MD
If one organization truly believes in the motto ‘Small is big’ it is the National Small Industries Corporation (NSIC). NSIC has worked untiringly towards making a success story of the small and medium enterprises. The ‘Mini-Ratna’ public sector enterprise under the Micro, Small and Medium Enterpr…
Government approved Stand Up plan for SC, ST and women entrepreneurs
In a bid to create jobs and promote entrepreneurship, the government had approved Rs 8,000- crore fund that will stand guarantee for loans to new ventures and also announced ‘Stand up India’ scheme for credit facilities to SC, ST and women entrepreneurs at lower rates. While Rs 3,000 …
Exclusive Interview | Kalraj Mishra sees big thrust to MSMEs in the Budget
For a man who has built a reputation being a hard core Hindi heartland politician, he deals with complex matters of business and economy with equal ease. Driving the fortunes of India’s fledgling Micro, Small & Medium Enterprises (MSME) sector, Kalraj Mishra has many aces up his sleeves. Mish…