In order to boost the government’s Startup India, Standup India movement, the Department of Industrial Policy and Promotion (DIPP) is reportedly formulating a new set of tax concessions on employee stock options, unlisted securities and convertible instruments. The latest Union Budget is expected…
Union Budget
Budget Wishlist: TANSTIA demands single digit interest rate to empower MSMEs
Tamil Nadu Small & Tiny Industries Association (TANSTIA) has sought a decrease in interest rates for MSMEs from the forthcoming Budget. The cyclone hit state has urged the government to help tiny industries cope up with the losses incurred by Vardah by way of a single rate of interest, and th…
Rs. 3000 Cr allocation for MSME sector in Budget 2016; a clear indication of ‘Small is Big’
The significance of Micro, Small & Medium Enterprises (MSMEs) to India’s economic growth and prosperity is well established. While they provide critical depth to both manufacturing and service sectors, they also foster entrepreneurship and of course generate substantial employment. A number o…
Rs. 200 crore for Performance & Credit Rating Scheme to enable MSME credit access
Union MSME Minister Kalraj Mishra addressed a post-Budget press conference on March 08, 2016 in New Delhi and announced an all-time high budget of Rs. 200 crore for Performance and Credit Rating Scheme for financial year 2016-17. The allocation would enable units to be ready for accessing credit.…
Rs. 341 crore earmarked under MPDA scheme for Khadi and Village Industries Commission
Khadi production is expected to reach Rs. 1300 crore in the FY 2016-17, generating employment for 19.5 lakh people, Union MSME Minister Kalraj Mishra said addressing a post budget press conference in New Delhi. Briefing about the roadmap of MSMEs for next financial year in the press conference e…
Tool Rooms and Technical Centers to augment & upgrade machine and equipment | MSME Ministry
MSME Minister Kalraj Mishra in a press conference held at New Delhi on March 8th talked about the tool rooms and technical centres. He mentioned that 1,81,500 youth will be provided training and technological support. 36,600 MSEs will be provided Rs. 100 Cr capital expenditure, for augmentation a…
Rs.43.56 crores earmarked for Coir Board, to enable exports worth more than Rs.1500 Crores
Coir Industry is an agro-based traditional industry, which originated in the state of Kerala and proliferated to the other coconut producing states like Tamil Nadu, Karnataka, Andhra Pradesh, Odisha, West Bengal, Maharashtra, Assam, Tripura, etc. It is an export oriented industry and has greater …
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…