The NDA Government at the Centre has given a major thrust to the Ministry of Micro, Small and Medium Enterprises (MSME). This is one of the core areas for “Make in India” programme launched by the Prime Minister Narendra Modi. KK Jalan, Secretary of the Ministry has been piloting vari…
Tag: MSME
Tata Capital ties up with Biz2Credit to lend to SMEs
Tata Capital, the financial services company of the Tata Group, has tied up with Biz2Credit, an online resource for small business finance, to lend to small- and mid-sized companies. According to a press release, Tata Capital will use the acquisition channels on Biz2Credit’s small business lendin…
College startup develops affordable home automation module ‘Smitch’
A startup by two college students has developed a compact home automation module claiming it to be the most affordable in the market. The prices of ‘Smitch’ module, ranging from Rs 2,999 to Rs 13,499 and focusing on savings and comfort, will be launched at a consumer fair here on Apri…
Nashik district fifth in state in online MSME registrations
Pune has topped the charts in the state as far as online registrations of Micro, Small and Medium Enterprises (MSMEs) for Udyog Aadhaar is concerned. Pune bagged the first position with registrations of 6,090 such units during the past six months, while Nashik is on the fifth position with 3,458 …
Government to help small enterprises in defence sector compete globally
The initiative gets significance in the light of a recent report by the Quality council of India which speaks about poor state of the micro small and medium enterprises (MSME) sector. In order to make the Micro Small and Medium Enterprises (MSMEs) involved with the defence sector globally compete…
Laundry services provider Wassup acquires Ezeewash
On-demand laundry services provider Wassup has announced the launch of Hyderabad operations following the acquisition of Ezeewash in a structured full-equity deal.Wassup also said it is in talks to make three more acquisitions. Ezeewash has been operating here for three years, and serviced over 8…
Huge scope for start-ups in Maritime sector | Investors
Sagar Defence Engineering, which had launched the first unmanned marine surface vehicle for the Indian Navy, is looking to develop the technology further so that it can be used in extreme applications. The company, a start-up, is eager to cater to the needs of the maritime sector with its unmanne…
NABARD provides Rs 11,785 Cr financial support to UP in 2015-16
The annual business operations of the National Bank For Rural Development (NABARD) in Uttar Pradesh during 2015-16 has crossed a landmark milestone of Rs 11,785 crore. The financial support by NABARD during 2015-16 in UP included Rs 6050 crore released to Regional Rural Banks and Cooperative Bank…
Uttar Pradesh establishes over 1.66 lakh MSMEs in 11th five year plan
During the 11th Five-Year Plan (2007-2012), Uttar Pradesh (UP) has managed to exceed its target by setting up over 1,800 additional Micro, Small and Medium Enterprises (MSMEs) and generating over two lakh additional jobs, noted a just-concluded study by apex industry body ASSOCHAM jointly with Th…
MSME bank SIDBI, LIC join to fund the funders
Small Industries Development Bank of India (SIDBI) signed a Memorandum of Understanding (MoU) with Life Insurance Corporation of India (LIC), in the presence of Jayant Sinha, MoS for Finance, for supplementing Government’s efforts under ‘Fund-of-Fund’ operation for the Venture Fund industry. The …