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…
Tag: Kalraj Mishra
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 …
Canara Bank & State Bank of Patiala grab awards for excellence in MSME lending
State Bank of Patiala has been conferred “Special Award for Excellence in MSME lending” for its performance in lending to the MSME sector during the year 2013-14 and 2014-15 with a growth of Rs 2597 crore (annualized 23%) and Rs 994 crore (annualized 7.10%) respectively, covering the …
Govt tries to assuage MSMEs fear on GST
With one nation one tax jibe, government is keen to implement the Goods and Services Taxes (GST) from next financial year but to make it acceptable for every sector is the most difficult challenge. GST Council meet, which is being held from October 18-20 to discuss tax rate, has also proposed a …
World is waiting for us, we are not small anymore: PM at National MSME Awards
Small is turning big! It was evident when Prime Minister Narendra Modi gave away National MSME Awards to 227 industrialists from across the country in Ludhiana, on 18 October. Modi also launched the two most awaited schemes, National SC/ST hub and Zero Defect Zero Effect (ZED). Earlier, Modi reac…
NSIC pays record dividend for 2015-16
Kalraj Mishra, Minister of Micro Small and Medium Enterprises was given a dividend cheque of Rs.29.05 crore for the year 2015-16 by Ravindra Nath, CMD-NSIC, in the presence of Giriraj Singh and Haribhai Parthibhai Chaudhary, Ministers of State, Ministry of MSME and KK Jalan, Secretary, Ministry o…
PM Narendra Modi to launch National SC/ST Hub on Oct 18
Prime Minister Narendra Modi will unveil key initiatives and a hub to provide support to entrepreneurs from the SC/ST community in Ludhiana on October 18. The Prime Minister will also launch zero defect, zero effect (on environment) (ZED) scheme, distribute charkhas to women and present national …
India asks China to address trade imbalance
India has asked China to address the burgeoning trade imbalance while making a strong pitch for Chinese investments in its micro, small and medium enterprises (MSME) sector, specially in fields like IT, digital, mobile components and automobile ancillaries. “India’s MSME sector is poised fo…
Kalraj Mishra-led delegation in China to attend International SME fair
Union Minister of Micro, Small and Medium Enterprises Kalraj Mishra is in China to attend the China International Small and Medium Enterprises Fair (CISMEF) 2016. Mishra reached Guangzho on October 8 with delegation of 124 Indian Ministry of Micro Small and Medium Enterprises (MSMEs). Addressing …
Start-up policy launched to set up MSME units in MP
Bhopal: First-of-its-kind start-up policy was launched by Union Minister for Micro, Small and Medium Enterprises (MSME) Kalraj Mishra and Chief Minister Shivraj Singh Chouhan during the inaugural session of two-day MSME convention on October 1. Chouhan said facilities and assistance given to set …