Startup India policy will in a way help Indian firms find easier to commercialise channels globally but these businesses need lot of hand holding and funding. Government should lower administrative and regulatory barriers, says an expert Israeli startup hubs builder. According to Tal Catran, who …
Zinnov launches a social start-up accelerator programme, SIGMA
In collaboration with German aid agency GIZ, Citrix, Ericsson, Harman and IKP Knowledge Park, Zinnov, a management consulting firm, has announced the launch of a social start-up accelerator programme, SIGMA. Sigma will focus on social start-ups in five key areas of healthcare, clean tech, smart a…
Govt has scrapped about 1200 laws to encourage start-ups: Amitabh Kant
To encourage entrepreneurs, the government has removed around 1,200 complex laws and procedures for easy registration of start-ups in the country, Niti Aayog CEO Amitabh Kant said on July 18, at the Entrepreneur India Congress 2017. According to Kant, the government has taken many steps especiall…
MSME-DI Srinagar organises ZED Certification awareness prog for MSMEs
An awareness programme on the Government of India sponsored Zero Defect, Zero Effect (ZED) Certification System for MSMEs (Micro, Small and Medium Enterprises) was organised on July 17, by The Micro, Small and Medium Enterprises Development Institute (MSMEDI) Srinagar. The programme enlightened d…
RBI may review TReDS platform for hindrance-free financing of trade receivables
The Trade Receivables e-Discounting System (TReDS) is likely to be reviewed by the Reserve Bank of India and the government. The system of invoicing has made large companies to be spartan as competitors will identify their MSME suppliers. As TReDS is a transparent system, it is mandatory for comp…
GSTN provider Vayana Network raises Rs 25.7 cr in Series-A funding
Digital trade financing network and a Goods and Services Tax Network (GSTN) provider, Vayana Network, has bagged over Rs 25.7 crore from IDG Ventures and Jungle Ventures in series A funding. The Pune based network facilitates trade between businesses and helps finance small and medium enter…
Why innovation is the new SME growth stimulator
Small and medium enterprises (SMEs) need to implement policies that encourage innovation.
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SME lending to get a boost at Yes Bank with $150 m investment from OPIC
India’s fourth largest private sector bank – Yes Bank – has received another round of $150 million funding from US government and Wells Fargo to fund small and medium enterprises (SME) lending. Overseas Private Investment Corporation (OPIC) will provide $75 million in financing to Yes Bank and up…
Maharashtra signs MoU with Walmart to setup modern wholesale cash & carry stores
Walmart and Government of Maharashtra, in the presence of Chief Minister Devendra Fadnavis, have signed a memorandum of understanding (MoU) for 15 modern wholesale cash and carry stores in the state. This wholesale cash and carry stores by Walmart will in bring investment of up to Rs 900 crore an…
GST Impact: Lenovo sees 5% growth in biz on the back of SMEs
PC maker Lenovo is expecting a 5 per cent increment in business after the GST rollout, given small traders will also be required to file their I-T returns thrice a month now, a company’s top executive said. “The computer industry is the only one which has a dual impact of GST which pe…