As bank branches across the country struggle to meet the surging demand for cash, the government is looking at options that include opening a separate banking window for labour-intensive industrial units in sectors such as textiles and construction to enable them easier access to cash to make wor…
Tag: MSME
Modi calls for greater participation for Japanese industries; MSMEs to benefit
Prime Minister Narendra Modi on November 12 called for greater participation and engagement of Japanese industries, saying it will benefit Japan and India’s Micro, Small and Medium Enterprises (MSME) sector for which it could prove “transformational”. Modi recalled his association with Hyogo Pref…
IFMR Capital raises $25 mn from Eight Roads Ventures
IFMR Capital, which helps financial institutions serving poor people raise funds, has received $25 million in funding from Eight Roads Ventures, the proprietary investment arm of Fidelity International Ltd. This is Chennai-based IFMR Capital’s second round of institutional funding. The company ra…
Why SMEs co-operation between India & UK is need of the hour?
Great Britain’s Prime Minister Theresa May’s much hyped 3 day visit to India is likely to be most watched for SMEs from both sides. As expected, India and the UK inked two MoUs on increasing cooperation in fields of intellectual property rights (IPRs) and ease of doing business. The priority ini…
CTTC should increase dropouts intake to improve employability chances: Giriraj Singh
Union Minister of State for Micro Small and Medium Enterprises (MSME), Giriraj Singh, has urged the Central Tool Room and Training Centre (CTTC), Bhubaneswar, to increase the intake of school dropouts and improve their chances of employability. “Every year around 93% children take admission…
RK University inks MoU with GoI’s MSME centre
Rajkot: City-based RK University has signed a memorandum of understanding (MoU) with Micro, Small and Medium Enterprises MSME Technology Development Centre of the Government of India, to initiate joint programmes in various fields. “The aim of the MoU is to undertake various initiatives to …
Odisha creates 55k jobs in MSME sector
The Odisha government has created 55,567 jobs through new Micro, Small and Medium Enterprises (MSMEs) by September of 2016, said an official. The state government has set a target to generate 3.30 lakh jobs by setting up 66,000 new MSME units during 2016-17, and the MSME department has facilitate…
Plagued by issues of money, men & material
Micro, Small and Medium Enterprises (MSME) are the backbone of India’s industrial landscape. With about 40 million units employing about 100 million people, directly and indirectly, the sector is the largest job provider in the country. It contributes about 8 per cent to GDP, has a share of 45 pe…
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 …
Khadi products to be available on e-Commerce portal soon
Consumers will soon be able to buy genuine khadi products online from an e-Commerce portal to be launched by the Khadi and Village Industries Commission (KVIC). Trying to encash on fast growing e-commerce sector and increasing demand for khadi products in the country, the KVIC has submitted a pro…