Here’s a list of initiatives and achievements by the government to boost the spirit of entrepreneurship in Independent India, as of 2016-17
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Tag: ASPIRE
Kalraj Mishra lists a slew of firsts, maximums & upcomings at 15th National MSME Board Meeting
Union MSME Minister Kalraj Mishra addressed the 15th National Board Meeting of MSME at Vigyan Bhawan in New Delhi on April 27, and detailed the achievements of MSME Ministry in 2016-17, while also painting the possibilities in near future. “I recall the previous meeting of National Board when Aru…
MSME careers: How to unshackle small enterprise growth in India
The micro, small and medium enterprises (MSME) employ more than 80 million people in India and contribute to around 40% of total exports and 37% of total GDP. Yet it is not easy for most of them to thrive owing to lack of funds, obsolete technology and poor production capacity. It is, therefore, …
Incubation centre promised for women entrepreneurs in Vishakhapatnam
Vishakhapatnam: Union Minister for MSME Kalraj Mishra has assured support to set up an incubation centre for women entrepreneurs in Andhra Pradesh. Inaugurating Shakti, a women entrepreneurs’ meet on January 20, he said the support would be extended under ASPIRE, a scheme for promotion of innovat…
SIDBI inks pact with LIC to boost venture capital ecosystem
Small Industries Development Bank of India (SIDBI) said it has tied up with Life Insurance Corporation of India (LIC) for augmenting capital support to enterprises in the country. The idea behind tying up with the state-run insurance behemoth is to give a boost to the venture capital ecosystem fo…
Retrospect 2016 | Key initiatives by the MSME Ministry to enable & empower MSME sector
Here are some initiatives taken by the Ministry of Micro, Small and Medium Enterprises during 2016 to boost the MSME space in the country. PM ANNOUNCES SCHEMES AT NATIONAL MSME AWARDS IN LUDHIANA: It was for the first time that Prime Minister launched new Schemes of the Ministry at a function at…
Needed, a comprehensive National MSME Policy | ASSOCHAM
The MSME sector contributes 8 per cent to the GDP, whilst employing more than 80 million people. Growth in micro and small enterprises has been consistent over the past five decades due to a combination of government support, implementation of technological enhancements, and support by the bankin…
SIDBI issues Rs 10 cr each to Ankur Cap, Omnivore Partners
BENGALURU: The Small Industries Development Bank of India (SIDBI) on October 20 issued Rs 10 crore each to agriculture and rural development-focused venture funds Ankur Capital and Omnivore Partners from the ASPIRE fund, a fund of funds with a corpus of Rs 60 crore. The ASPIRE Fund, which is part…
MSME launches ASPIRE fund to promote entrepreneurship in rural areas
The Ministry of Micro, Small and Medium Enterprises (MSME) has launched ASPIRE Fund with a corpus of $8.9 Mn (INR 60 Cr) that aims at the promotion of entrepreneurship in rural India. The fund was launched by Kalraj Mishra, Minister, MSME, India. The funds launched will be administered The Small …