With reports that seventy per cent of the total industrial pollution load of India is attributed to the Micro, Small and Medium Enterprises (MSMEs), the government said it has launched the schemes to promote energy conservation and provide necessary framework for improving energy efficiency parti…
Tag: MSME
Exclusive | MSME response for online UAN encouraging | Anup Pujari
Udyog Aadhar Number, a scheme launched by Micro, Small and Medium Enterprises Minister Kalraj Mishra in September this year to provide on-line registration of small and medium business in the country has evoked positive and encouraging response in the country. Till date, more than 91,000 Micro, S…
NSIC supply of raw materials to MSMEs registers growth
The state-owned National Small Industries Corporation Limited (NSIC), which supplies raw materials to MSMEs, facilitated 7129 units in 2015-16 as against 6450 units in the previous year, an official announcement said. NSIC, which comes under MSME Ministry, sells raw materials to MSMEs such as iro…
Govt. & PSUs continue to comply with 20% procurement policy from MSMEs
The Government has so far not provided waiver to any industry or company from mandatory minimum procurement of 20 percent from Micro and Small Enterprises (MSE). No ministry or government department has violated this provision while securing their procurements, an official statement said. The man…
‘Incorrect’ CIBIL reports causing hardship to MSMEs
The MSME entrepreneurs, who are already reeling under the crisis of poor credit flow, high interest rates and third party ratings, now have a new reason to worry about. The Credit Information Bureau (India) Limited (CIBIL), which maintains the credit history of the borrowers for the financial ins…
Inclusion of MSMEs in start-up definition will boost ‘Make In India’
The government is considering a proposal to include Micro, Small and Medium Enterprises (MSMEs) in its definition of start-ups to help boost the Make in India campaign. Various government departments have held a series of brainstorming sessions to discuss the definition so that the policy can be …
Govt to encourage toy making in MSME | Giriraj Singh, MoS, MSME
Stung by cheap imports of Chinese toys, the government has come out with plans to promote and develop toys in the Micro, Small and Medium Enterprises in the country. The MSME Ministry has already come out with various schemes and programmes in designing, market assistance, technology up gradation…
Small entrepreneurs need to innovate constantly to succeed | MSME Secretary Anup Pujari
Entrepreneurship and Innovation certainly have correlation and it is more so in small and medium enterprises. Every entrepreneur will have to be an innovator to be successful but the reverse is not true as an innovator need not be a good entrepreneur. The significance of this profound message is …
NRIs may emerge as key source of funding for socially-relevant solar sector | Biju Balakrishnan, CEO, Def Mart
Right from the word ‘Go’, it has been a Mission-Driven company. And the trigger was not that difficult to understand. Couple of aspiring entrepreneurs—all with army background came together and naturally wanted to contribute back to the society. And they wanted to do it by way of creating brands …
October 2015 IIP numbers indicates pick up in SMEs
India’s factory output grew sharply at 9.8 percent in October, mainly due to a robust 10.6-percent growth in the manufacturing industry; nearly half of it came from MSME sector. The latest monthly government data showed the growth decelerated to 3.84 percent in the month before and was plac…