Engineering Export Promotion Council has said that Micro, Small and Medium enterprises should considered as start-ups so that the benefits get extended to MSMEs as well. Launch of StartUp Action Plan will surely enthuse India’s young engineering graduates to take up entrepreneurship . Schemes l…
Tag: MSME
Procurement by PSUs, govt units from MSMEs to be increased | Kalraj Mishra
Procurement by public sector undertakings (PSUs) and government departments from MSMEs is “dismal” and should be increased, MSME Minister Kalraj Mishra said. “The government has made mandatory for the PSUs and government units that they should make at least 20 per cent of their …
RIL to partner small entrepreneurs in West Bengal | Mukesh Ambani
Speaking at the Bengal Global Business Summit held in Kolkata on 8-9 January 2016, RIL Chairman Mukesh Ambani said the company would partner small entrepreneurs of West Bengal by providing them connectivity. Reliance Jio has invested nearly Rs 5,000 crore in Bengal in the last three years for dev…
RBI’s novel method to improve MSME lending
In order to find innovative ways of lending to the MSME segment, Reserve Bank of India’s Pune-based College of Agricultural Banking will conduct a case study competition for the bankers. The topic of the competition is Case Study: Lending to an MSME Borrower in an Innovative Way, RBI said i…
MSME fair in Bhubaneswar: Log on to success stories
From young graduates to experienced professionals, from salaried employees to ambitious housewives, people from across the social spectrum are jumping onto the start-up bandwagon that has been sweeping India. And Odisha is no exception. Aspiring entrepreneurs, mostly young people, are displaying …
Start-Up India: Women entrepreneurs to bring change
The only way to remove inequality is by bringing more opportunities for women, department of industrial policy and promotion (DIPP) Secretary Amitabh Kant said, as the government gears up to unveil India’s first ‘Start-up’ initiative on January 16, In a Twitter chat on the subject of women entrep…
Exclusive | All eyes on Budget to empower & enable MSMEs | Ravindra Nath, NSIC MD
If one organization truly believes in the motto ‘Small is big’ it is the National Small Industries Corporation (NSIC). NSIC has worked untiringly towards making a success story of the small and medium enterprises. The ‘Mini-Ratna’ public sector enterprise under the Micro, Small and Medium Enterpr…
MUDRA Loans: Banks, Microfinance take Lion’s share
On January 7, the Government announced: “MUDRA (Micro Units Development Refinance Agency) loans amounting to Rs 71,312 crore have been disbursed to 1.73 crore borrowers as on 1st January, 2016.” A closer look at these numbers reveals the government refinanced loans of only Rs 2,000 crore under th…
West Bengal unveils new start-up policy
To provide an enabling ecosystem to support and nurture startups in the state, the West Bengal Government launched the state startup policy at the Bengal Global Business Summit. The policy, a document with eight broad pointers comes complete with a preamble, a vision, the state’s mission, t…
Odisha govt to bring out a new MSME development policy
Odisha Government is in the process of bringing out a new MSME (Micro, Small & Medium Enterprises) Development Policy and an Entrepreneurship Development Policy, said Chief Minister Naveen Patnaik while inaugurating the MSME Trade Fair -2016 in Bhubaneswar on January 8. Inaugurating the seven…