An analysis of RBI data showed that agriculture, Micro and Small industries are not the major defaulters in bank loans resulting in mounting non-performing assets (NPAs) of commercial banks especially public sector banks. Reserve Bank Deputy Governor S SMundra told a CII banking summit that the m…
Auto Expo – The Component show from February 4 to 7
As part Auto Expo, Component show will be held in Pragati Maidan here from February 4-7. This will showcase several new auto components developed in the country. Auto component SMEs are one of the fastest growing within SMEs Spread over 80,000 sq mts in 18 halls, this year the expo will see parti…
Village Entrepreneurship Programme set to take off in 152 blocks
Startup Village Entrepreneurship Programme is set to take off in 152 blocks nationwide that has been identified by the Rural Development Ministry. The programme would be focusing on more than 1,200 ideas for small enterprises pertaining to handicrafts and handlooms. In a survey to study demand fo…
‘Zero Defect, Zero Effect’ to raise quality levels in SME sector
After the successful launch of Start-Up India, another major initiative ZED would be rolled out soon. The acronym stands for zero defect, zero effect (on the environment) — high quality manufacturing that’s also green. It was first mentioned by PM in his Independence Day Speech in 2014. In …
MSMEs can expect a number of enabling initiatives in Budget 2016
The significance of Micro, Small & Medium Enterprises (MSMEs) to India’s economic growth and prosperity is well established. They provide the critical depth to the manufacturing and service sectors, foster entrepreneurship and generate substantial employment. Close to 45 per cent of the tot…