Shedding light on the challenges faced by the capital goods industry many experts spoke about its adverse effects leading to loss of employment, investment and growth opportunities and the need for SMEs and MSMEs to upgrade their technologies at a meet on July 4th. In the light of emerging challe…
Tag: MSMEs
Ludhiana to create 3 lakh skilled jobs by 2022
Ludhiana alone is estimated to create around 3-lakh job opportunities for skilled workforce by 2022, stated a survey conducted by Rockman Industries, India’s leading auto components manufacturer, and Ernst & Young (EY). The survey revealed that vocational training and skills training wo…
Bank NPAs in Gujarat cross Rs 25,000 crore mark
Banks in Gujarat are seeing a “drastic jump” in the quantum of bad loans. In March this year, the Non-Performing Assets (NPAs) for the banks in the state have crossed the Rs 25,000 crore mark, with MSMEs forming the largest chunk of this NPA-pie. The latest report of the State Level Bankers’ Comm…
RBI empowered committee reviews MSME credit aims to offer solutions to its woes
In a forum to review the credits of select start-ups, Reserve Bank of India (RBI) at its Empowered Committee meet on Medium Small and Micro Enterprises (MSME) here on Wednesday had invited a clean energy start-up Avant Garde Innovations being the first in the UN campaign for environmental sustain…
United Bank bets big on MSME sector
State-run United Bank of India has said it will focus its lending on Micro, Small and Medium Enterprises (MSMEs) and retail according to news agencies. The bank is planning to raise up to INR 1000 crore in one or more tranches through Qualified Institutional Placement (QIP) for which it sought sh…
Tamil Nadu has highest number of factories in India: RBI
Tamil Nadu has the highest number of factories in the country and employs the largest factory workforce, according to RBI data for the financial year 2014. The Reserve Bank of India, for the first time, has published a Handbook of Statistics on state-level data. In terms of capital, Gujarat has b…
We are here to bridge the funding gap for MSMEs | Harshvardhan Lunia, CEO, Lendingkart
Have a dream to fly giving wings to your unique business idea. Now is the time to get going! Gone are the days when your business idea would die an unsung death for want of viable funding. Welcome to the world of new-age fund missionaries: if your SME business idea has business potential, Lending…
No registration fee for Udyog Aadhar: Govt clarifies
The Government on June 20 clarified that there is no registration fee for filing Udyog Memorandum and it is the only form of registration for MSMEs in India, in view of complaints received regarding fee charged by certain agencies for facilitating the registration “It may be pointed out that fill…
Skill Development in Domestic Firms will provide impetus to India Corporate Training Market | Ken Research
India Corporate Training Market is expected to reach INR 32 billion by FY’2020 Growth of the organized segment across different sectors and business streamlining initiatives in MSMEs will require heavy deployment of training programs that will help in widening of the corporate training market in …
Bulkhouse.in capsulate India’s biggest e-commerce platform for B2B and B2C trading of goods or products
Mumbai, 15th June, 2016: Bulkhouse Trading India Pvt Ltd, a distinguished e-commerce platform, today announced its plans to launch one-of-its-kind B2All (business-to-all) trade portal-www.bulkhouse.in , coming up in July, 2016 .The new web address (currently in the beta launch phase) will use ad…