Realty firm Omaxe’s promoter and CEO Mohit Goel has started an e-commerce portal, Supplified.com, in his personal capacity to market construction materials and will invest USD 1 million as seed funding. Supplified.com, founded by Goel along with SPR Buildtech Director Nalin Saluja, started …
Tag: MSME
Rs 500 crore NSDC soft loans to 157 training partners: Govt
The National Skill Development Corporation (NSDC) has disbursed soft loans worth nearly Rs 500 crore to as many as 157 training partners during the last three years, Parliament was informed today. While Rs 236.76 crore was given in 2013-14, Rs 135.78 crore and Rs 122.57 crore was given in 2014-15…
Rs. 200 crore for Performance & Credit Rating Scheme to enable MSME credit access
Union MSME Minister Kalraj Mishra addressed a post-Budget press conference on March 08, 2016 in New Delhi and announced an all-time high budget of Rs. 200 crore for Performance and Credit Rating Scheme for financial year 2016-17. The allocation would enable units to be ready for accessing credit.…
Premium dining startup Big Fish raises Rs 75 crore in second round of funding
Big Fish Ventures, a New Delhi-based startup that runs premium dining lounges such as Vault Cafe and GaramDharam, has raised Rs 75 crore in its second round of funding from angel investors – including high net worth individuals – and Founder Umang Tewari. Founded in 2015, Big Fish Ven…
Zonnett looking for series A funding
Zonnett, a car maintenance platform, plans to raise about $5-10 million in Series A funding from venture capitalists and private equity funds, in exchange for a minority stake. The company, which at present operates only in Mumbai, will use the funds for expanding to other cities and for technolo…
Haryana Govt will sponsor 3 student teams’ start-up ideas
During the Happening Haryana Global summit which was held on 7th and 8th March, Haryana CM Manohar Lal Khattar and Industry and Commerce Minister Captain Abhimanyu Singh selected three teams of students after a competition that selected the best ideas for a start-up. The Haryana government has de…
Rs. 341 crore earmarked under MPDA scheme for Khadi and Village Industries Commission
Khadi production is expected to reach Rs. 1300 crore in the FY 2016-17, generating employment for 19.5 lakh people, Union MSME Minister Kalraj Mishra said addressing a post budget press conference in New Delhi. Briefing about the roadmap of MSMEs for next financial year in the press conference e…
Tool Rooms and Technical Centers to augment & upgrade machine and equipment | MSME Ministry
MSME Minister Kalraj Mishra in a press conference held at New Delhi on March 8th talked about the tool rooms and technical centres. He mentioned that 1,81,500 youth will be provided training and technological support. 36,600 MSEs will be provided Rs. 100 Cr capital expenditure, for augmentation a…
Rs.43.56 crores earmarked for Coir Board, to enable exports worth more than Rs.1500 Crores
Coir Industry is an agro-based traditional industry, which originated in the state of Kerala and proliferated to the other coconut producing states like Tamil Nadu, Karnataka, Andhra Pradesh, Odisha, West Bengal, Maharashtra, Assam, Tripura, etc. It is an export oriented industry and has greater …
Online UAM registrations by MSMEs nearing 3.5 Lakh
Udyog Aadhar, launched by Micro, Small and Medium Enterprises Minister in September 2015 has evoked overwhelming response. Close to 3.5 lakh MSMEs have registered so far. The online registration of small and medium business in the country will help them get benefits provided by government to MSM…