Revealing the plans of his Ministry for financial year 2016-17, Union MSME Minister Kalraj Mishra in a press conference held in New Delhi on March 08, 2016 said that Rs. 1,139 crore has been allocated under the Prime Minister’s Employment Generation Programme (PMEGP). This is expected to generat…
Tag: MSME
Rs. 100 crore earmarked under ASPIRE scheme by MSME Ministry
While addressing a press conference held on 8th March at New Delhi, Union MSME Minister Kalraj Mishra hailed Budget 2016 and informed that a sum of Rs. 100 crore has been earmarked under ‘A Scheme for Promotion of Innovation, Rural Industries and Entrepreneurship’ (ASPIRE). The government is keen…
39 Clusters under SFURTI to be approved | Kalraj Mishra
Union MSME Minister Kalraj Mishra highlighted Scheme of Fund for Regeneration of Traditional Industries (SFURTI) during a press conference. He said 39 clusters under SFURTI would be approved with an approximate cost of Rs. 60 crores. It would be benefiting more than 10,000 artisans. The Scheme is…
Seed funding for startups to be in thick of action in 2016 | VCCircle survey
A majority of venture capital funds believe that the seed stage of funding for start-ups will see maximum activity during the year while the average deal size will be between $1 million and $5 million, a survey says. According to a survey by News Corp-owned VCCircle Network, the year will not be …
UBER inks pact with Haryana Govt., to invest Rs 120 Crore
Taxi-hailing app Uber signed a pact with the Haryana government, wherein it will invest Rs 120 crore in technology based ride-sharing services. The Memorandum of Understanding (MoU) was signed at the Happening Haryana Global Investors Summit 2016. Under the agreement, Uber will invest in technolo…
Paytm expects to double its offline merchants to four million
Mobile payments and commerce platform Paytm plans to double its offline merchant and ‘kirana’ store network to reach four million merchants this year, as it looks to create more use cases for its wallet and payment bank business. “This year, we will be present offline in every n…
LoveCycles start-up gets funding, unveils app in hindi for women
LoveCycles, a start-up which enables women to keep a track of their menstrual and physiological health via a mobile app, has raised Rs.5 crore from seed-stage venture capital firm Prime Venture Partners. The funding round also marks the official unveiling of the app in India. The firm will use th…
Indian MSME finance market expected to touch INR 46 trillion by FY 2020 | Ken Research
Ken Research announced its latest publication on “India MSME Finance Market Outlook to 2020 – Driven by Government’s Financial Inclusion Agenda and Newfound Profitability in Segment” which provides a comprehensive analysis of the MSME Finance Market in India. The future analysis of overall MSME m…
21 SMEs file IPO papers in 2016, target Rs 180 crore
To tap the upbeat investor sentiments, as many as 21 Small and Medium Enterprises (SMEs) have filed draft papers this year to raise funds totalling Rs 180 crore through their initial public offerings. The shares will be listed on the SME platforms of the BSE and National Stock Exchange (NSE). Sin…
Govt may form national hub for dalit MSME entrepreneurs | Minister Gehlot
Union Minister for Social Justice & Empowerment Thaawarchand Gehlot has said that this year being 125th Birth Anniversary of Dr. B R Ambedkar, it will also be the Year of Economic Empowerment for SC/ST entrepreneurs. In this regard, Rs 500 crore has been allotted in the budget for Stand Up In…