Udyog Aadhar, launched by Micro, Small and Medium Enterprises Minister in September 2015 has evoked overwhelming response. Close to 3.5 lakh MSMEs have registered so far. The online registration of small and medium business in the country will help them get benefits provided by government to MSM…
Policy
National Manufacturing Competitiveness Programme to enable & empower SMEs
In a press conference held at New Delhi on March 8th 2016, Ministry of Micro, Small and Medium Enterprises briefed that Rs. 52 crore will be allocated under National Manufacturing Competitiveness Programme (NMCP) during the financial year 2016-17. Union Minister Kalraj Mishra sought for a develop…
MSME Ministry targets jobs for 4,25,000 persons under PMEGP scheme
Revealing the plans of his Ministry for financial year 2016-17, Union MSME Minister Kalraj Mishra in a press conference held in New Delhi on March 08, 2016 said that Rs. 1,139 crore has been allocated under the Prime Minister’s Employment Generation Programme (PMEGP). This is expected to generat…
Rs. 100 crore earmarked under ASPIRE scheme by MSME Ministry
While addressing a press conference held on 8th March at New Delhi, Union MSME Minister Kalraj Mishra hailed Budget 2016 and informed that a sum of Rs. 100 crore has been earmarked under ‘A Scheme for Promotion of Innovation, Rural Industries and Entrepreneurship’ (ASPIRE). The government is keen…
39 Clusters under SFURTI to be approved | Kalraj Mishra
Union MSME Minister Kalraj Mishra highlighted Scheme of Fund for Regeneration of Traditional Industries (SFURTI) during a press conference. He said 39 clusters under SFURTI would be approved with an approximate cost of Rs. 60 crores. It would be benefiting more than 10,000 artisans. The Scheme is…
Cabinet approves setting up of Atal Innovation Mission
The Centre approved a proposal to establish Atal Innovation Mission and Self Employment and Talent Utilisation in NITI Aayog, which will encourage innovations and entrepreneurship. “The Union Cabinet, chaired by Prime Minister Narendra Modi, has given its approval for establishment of Atal …
Govt notifies uniform norms for startups
The government has come out with a uniform definition of startups under which a budding entrepreneur with a turnover of less than Rs 25 crore can avail tax breaks and other benefits for a five-year period. Notifying the definition, the Department of Industrial Policy and Promotion (DIPP) said it …
New labour laws aim to provide flexibility and security: Secy Labour and Employment
New labour laws aim to provide entrepreneurs flexibility of hiring an employee while giving employment security to workers: Shankar Aggarwal, Secretary, Ministry of Labour and Employment, Government of India NEW DELHI, 19 February 2016: The Government of India is making a concerted effort to crea…
New Textile Policy likely by April
The long awaited National Textile Policy is nearing finalization and is likely to be issued before April end, Textiles Minister Santosh Kumar Gangwar has said. After participating in the Make in India Week at Mumbai, Gangwar said that consultations with all stakeholders are in progress and he is …
Capital Goods Policy to facilitate competitiveness | Anant Geete
Realising the strategic importance of Capital Goods and the pivotal role that it plays in overall manufacturing is central to the vision of “Make in India”, said Anant Geete, Heavy Industry & Public Enterprise, Minister while unveiling the “National Capital Goods Policy”, a first …