The Reserve Bank of India (RBI) on April 05, 2016 said it will lay down a framework by September 2016 for accreditation of credit counselors who can act as facilitators for entrepreneurs to access the formal financial system with greater ease and flexibility. Presenting the first Bi-monthly Monet…
Tag: FDI
Government to promote India as investment destination for startups
Government is preparing to launch a global campaign to hard sell India as attractive investment destination for startups and has invited proposals from creative agencies. The campaign will be launched in global as well as domestic markets across the media – print, electronic and social. …
Egypt to provide duty free access for Indian companies
Egypt, often viewed India’s gateway in North Africa, is now providing duty free access to European Union, North America, Arab and African markets for the Indian companies. Addressing a business meet in Kolkata last month Egyptian Ambassador to India Hatem Tageldin said that 52 Indian compan…
Small food clusters on the anvil
After the Finance Minister Arun Jaitely in his Budget speech proposed 100 per cent foreign direct investment (FDI) in food processing sector, the Central government has begun working on to establish small food clusters. Union Minister for Food Processing Harsimrat Kaur has said that the governmen…
Varun Mirchandani, ONICRA ED | Budget well balanced, focuses on SMEs
With an estimate over 57.7 million, Indian MSMEs contribute 8% to the total Gross Domestic Product (GDP) and account for 40% of the total Indian exports. MSMEs lead to entrepreneurial development and diversification of the industrial sector. Budget 2016 has tried to, and has, well-balanced the ec…
Budget 2016 | Key Highlights
Majorfocus on agriculture and farmers’ welfare, Mission to provide LPG connection to poor households, New health protection scheme, increased outlay for infrastructure, 2.87 Lakh crore Grant in Aid to Gram Panchayats and Municipalities. Setting up of 1500 Multi Skill Training Institutes and incen…
Budget to boost MSMEs, Startups and job creating Food processing sector
Finance Minister Arun Jaitley, who presented NDA’s second full budget on February 29, seems to have realized after Bihar assembly elections debacle for BJP that it is not enough if only India grew. The growth has to be made more inclusive by enabling Bharat to grow as vast majority of 1.25 billi…
North Eastern India holds lot of potential for food processing | Harsimrat Kaur Badal
Vibrant North-East 2016 Summit and Exhibition in Guwahati is aimed at tapping huge potential for food processing. “The focus is to ensure wholesome development of the North-East Region and to link farmers with modern technology driven agricultural practices and also to accelerate the pace of deve…
Food processing sector to boost Make in India | Yes Bank – MOFPI – CII report
Yes Bank has partnered with the Ministry of Food Processing Industries as the Sector Partner for the ongoing Make in India Week. At the inaugural session of the seminar on Food Processing Industries, YES BANK, MoFPI, Invest India and CII released a strategic report ‘Make in India: Opportunities i…
Voonik’s Budget-2016 wish-list to enable & empower Startups
Bangalore based India’s first personal shopping app Voonik has a highly differentiated proposition of offering a free, online personal stylist in an app to its users. The company grew by more than 2200 % in 2015 and app repeat purchase rate doubled. With the launch of the ‘Start-Up India Campaign…