New Delhi Head-Quartered GPA group was set up in 2010 and it commenced operations as small construction company with a small investment. At present the group is a business conglomerate — ranging from mobile phone manufacturing to tea estate – which has an annual turnover of Rs 200 cro…
National Manufacturing Competitiveness Programme | Enhancing the value chain of MSME
Government has come out with a National Manufacturing Competitiveness Programme to enhance the entire value chain sector and develop global competitiveness among Indian micro, small and medium enterprises. Indicating this, the Minister of State for MSME, Giriraj Singh listed out various schemes u…
Market Development Assistance to KVIC | Boost to MSMEs
The government will provide Market Development Assistance to Khadi and Village Industries. Aimed at boosting Khadi, the government will provide rebate at the rate of 20% of their actual production against sanctioned target. of this, 25% will be earmarked for the payment to spinners and weavers as…
MSME Year end review : 2015
During the year 2015, MSME Ministry launched various initiatives to improve the ease of doing business and to make Micro, Small and Medium Enterprises more globally competitive. These initiatives include ease of registration of the business in the form of Udyog Aadhar Memorandum, Framework to rev…
S C Ralhan | FIEO President| MSMEs need doles to tackle falling exports
Exports have registered a decline for November 2015 for the 12th consecutive time and the fall this time has been the steepest at 24. 43% and spread across sectors save 7 as against 9 sectors in October 2015 leading to concern on whether this is a temporary cyclical phase or due to deeper structu…
Big industries must support MSMEs | Kalraj Mishra
With large industries and banks not expressing enough interest for the growth of medium and small enterprises, the atmosphere across the country for MSMEs has not been favorable. To ensure that there are zero impediments for small and medium scale industries to flourish, the Central Government ha…
MSMEs to get infra push | Allotment of coal blocks to PSUs
In a move aimed at enhancing energy security, the government on December 17, 2015 cleared allotment of coal blocks to PSUs for the sale of the fossil fuel mainly to medium, small and cottage industries and a policy for developing Underground Coal Gasification in coal and lignite areas. “The Cabin…
Technology and Quality Up-gradation | Scheme to promote MSMEs for energy efficient technology
With reports that seventy per cent of the total industrial pollution load of India is attributed to the Micro, Small and Medium Enterprises (MSMEs), the government said it has launched the schemes to promote energy conservation and provide necessary framework for improving energy efficiency parti…
ASPIRE | Scheme for the promotion of agro-industry
The government has no proposal to launch new schemes for promotion of agricultural and rural industries in the MSME sector for uplifting the rural population as it has already launched a scheme named ASPIRE (A Scheme for Promoting Innovation, Rural Industry and Entrepreneurship) to boost agro-in…
Pradhan Mantri Mudra Yojana | Loans worth Rs 45,949 crore disbursed to MSMEs
The government has provided loans worth Rs 45,949 crore to micro and small enterprises till November 2015 end under the Prime Minister Mudra Yojana launched by Narendra Modi in April 2015. The scheme was first proposed by Finance Minister Arun Jaitely in 2015 Union Budget to create a Micro Units…