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…
Policy
Exclusive | SMEs have a huge role to play in mining | Mines Secretary
In a departure from the arbitrary way of non-coal mines allocation, a transparent auction process is set to start in the country bringing a lot of opportunity for the SME sector. Apart from value-addition of major minerals, the SME sector can also look forward to bidding for minor minerals. While…
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…
Exclusive | SMEs faces data and definition issues
By K R Sudhamaan Inflation and frequent spurt in prices have created problems in defining what constituted micro, small and medium enterprises in the country. This is an issues that comes to the fore periodically, particularly government goes for new census on MSME in the country. Several econom…
On start-up ecosystem, Centre constitutes team for policy directives
The government has constituted a team which will assist in policy formulations for creating a conducive ecosystem for start-ups. Besides, the Centre has also appointed a consulting agency to help the team in its work, Commerce and Industry Minister Nirmala Sitharaman said in a written reply to th…
NITI AAYOG for easier start-up norms
The NITI Aayog has called upon the government to further improve the ease of doing business, to boost the culture of start-ups in the country. It also released the report of an Expert Committee on Innovation and Entrepreneurship. The report said the government should digitise all its departments …
Exclusive | Credit Guarantee Fund soon for MSME
Government will soon set up of a credit guarantee fund for the SME sector, a government official told SMEpost.com on Friday. The fund will have a Rs 20,000 crore corpus, which will help in refinancing commercial banks for their lending to SME sector. There may be small service charge, which banks…
Stronger bank backing needed to boost MSME sector
Mumbai: The Micro, Small and Medium Enterprises (MSMEs) sector, which the Narendra Modi-led Government is trying to push as one of the major drivers of India’s economy had very little to cheer in Tuesday’s fifth bi-monthly monetary policy statement of the Reserve Bank of India (RBI). The fund-s…
Govt may retain tax sops for needy firms
To soften the blow to the industry from the phasing out of corporate tax incentives, the government is considering some relaxations in the schedule of withdrawal of the sops for select industrial segments as well as giving special financial support to the needy others. According to official sourc…