A performance and credit rating scheme has been launched by the MSME Ministry to assess the capabilities and creditworthiness of the industries in the sector, Lok Sabha has been informed. “The Ministry of MSME through National Small Industry Corporation Limited is implementing Performance a…
Tag: Make In India
Uber brings ‘Mi Pan Malak’ scheme for taxi-auto drivers
Taxi aggregator Uber on July 28 announced the ‘Mi Pan Malak’ scheme to encourage taxi and auto drivers across the megapolis to join its platform. Under the scheme, the drivers can avail of offers and services through Uber’s partnerships with leading financial institutions and car manufacturers wi…
Govt allows 74 per cent FDI in pharma sector
FDI in Brownfield pharma sector has been permitted upto 74% under automatic route; and FDI beyond 74% and upto 100% is allowed under Government approval route The move to permit 74% FDI under automatic route in Brownfield pharmaceutical sector is aimed at attracting required capital, internationa…
Women entrepreneurs hold key to achieve double-digit growth rate | Amitabh Kant CEO, Niti Aayog
Amitabh Kant, CEO, Niti Aayog, exhorted women entrepreneurs to exploit their immense innovative power and raise their contribution to India’s GDP. Worldwide, women contribute to 40% to GDP while in India their contribution is 17%. “If women’s share in India’s GDP rises to …
Only 16 entities granted tax benefits under Start Up India
Six months old Start Up India scheme of Government of India, is moving in a snail’s pace. Of over 700 companies applying under the scheme on Start Up India portal, only 180 were registered. Even out of this minuscule number, only 16 companies have been found eligible for pecuniary benefits …
Among MSMEs, services sector outpaces manufacturing
CRISIL’s analysis of the performance of 4,000 Micro, Small, and Medium Enterprises (MSMEs) between FY 2013 and FY 2015 shows the growth of the services sector handily outpacing the manufacturing sector. While the services sector grew at a Compound Annual Growth Rate (CAGR) of 20 per cent, d…
Government mulling to start rating MSMEs on 50 parameters
The government plans to soon start rating Micro, Small and Medium Enterprises on 50 parameters and classifying them into five categories as part of an initiative that is in sync with the Make in India programme and Prime Minister Narendra Modi’s call for “zero defect” manufactur…
New medical device rules to be notified at the earliest
New Delhi, 12 July 2016: The Prime Minister’s Office (PMO) convened a meeting on promoting Make in India in the Medical devices sector in India on Monday. Office bearers of the top industry associations in medical device industry including FICCI, Association of Indian Medical Device Manufacturers…
Mudra aims Rs 1,80,000 cr loans in 2016-17
Minister of State for Finance Jayant Sinha has said that the government aims to disburse loans worth Rs 1,80,000 crore to small businesses through Mudra Banks in the current fiscal. “Last year Pradhan Mantri Mudra Yojana gave loans worth Rs 1,20,000 crore. This year the aim is to give loans…
Recent FDI Policy a measure to induce additional employment, jobs and spur up Make-in-India: Lavasa
The Finance Secretary, Ashok Lavasa on June 22 reiterated that the recent FDI policy pronouncements are meant to create additional jobs as well as induce employment and spur up the Make-in-India with emphasis on driving investments both foreign and domestic. Addressing the Managing Committee Memb…