MSMEs can reap Rs 2 trillion business from Budget boost

MSMEs can reap Rs 2 trillion business from Budget boost

 MSMEs are set to receive incremental business worth around Rs 2 trillion out of the Rs 3 trillion allocated to the sector in the Budget, a report says.

'Modi jacket becoming popular in India as well as in foreign countries'

'Modi jacket becoming popular in India as well as in foreign countries'

'Modi Jacket', a half sleeve coat often worn by Prime Minister Narendra Modi, has become "very popular" among the people in India as well as in some foreign countries, Union Minister Kalraj Mishra said on Monday.

Andhra looks to attract Rs.20,000 crore investment in defence, aerospace

Andhra Pradesh is looking at Rs.20,000 crore investments in the aerospace and defence manufacturing sector by 2020, Chief Minister N. Chandrababu Naidu said here on Wednesday.

Bank of Maharashtra eyes Rs 4,000-cr fund raising

State-owned Bank of Maharashtra is looking to raise Rs 4,000 crore during the next five years and 50 per cent of the fund is expected to come from the Centre.

MSME Board deliberates on sector-specific issues

He also said that the MSME Ministry is going to be a major plank in the government's Make in India initiative.

After Modi's appeal khadi sale jumps 60%

Sale of khadi products have increased by over 60 percent after Prime Minister Narendra Modi's appeal to buy atleast one khadi garment, MSME Minister Kalraj Mishra said on Tuesday.

Government launches online job portal for MSME sector

The government Monday launched an online portal for job seekers in the micro, small and medium enterprises (MSME) sector.
The portal - www.Eex.Dcmsme.Gov.In - will also help the industry to find skilled manpower.

India looking to expand industrial presence in South East Asia: NSIC

NSIC would want to see collaborations between Singapore and Indian enterprises, involving training from either side, sharing of knowledge, expertise and machinery as per requirements of the two parties.

Centre plans 500 incubation centres to skill professionals

These centres would be on the PPP model and initially Rs 200 crore would be allotted for setting them up, particularly in districts, he said. He added that the Government wants to make the MSME sector competitive through technological innovation.

Samsung, MSME ministry to set up digital academy

The company will offer the Digital Academy course in collaboration with the ministry, and will seek to train youth to develop apps that run on the Tizen OS across a multitude of devices such as smartphones, televisions and tablets.

Stakeholders' meet to discuss setting up Mudra Bank on March 25

Finance Ministry has called the first meeting of all stakeholders, including MSME and microfinance institutions, on March 25 for discussing formalisation of structure of the Rs 20,000-crore Mudra Bank.

Many MSMEs either shut down or sick due to shortage of funds

A number of MSME units across the country have either shut down or became sick due to inadequate funds, power shortage, high cost of capital and recession, Parliament was informed today.

MSME Minister pitches for development of resource-based sectors

Inaugurating the new Corporate Social Responsibility Centre 'The CSR Hub' at Indian Institute of Entrepreneurship (IIE) here, the Minister said it would play a catalytic role in channelising products in domestic and international market.

MSME products should be made competitive, cost-effective: Govt

"It is therefore essential for us to devise methods to make the products of our MSMEs more competitive and cost effective," he said.

RGUMY being revamped to push MSME sector growth

The Rajiv Gandhi Udyami Mitra Yojana (RGUMY), which has been renamed as the Business Accelerator and Start-up Programme, is being revamped to generate more employments and speed up growth in the MSME sector.

Govt approves Credit Guarantee Funds for Factoring for MSME

The Cabinet Wednesday cleared a proposal for setting up of a Rs 500-crore Credit Guarantee Fund for Factoring for MSME units.

Committed towards industry responsive manpower for MSMEs: Govt

To meet skilled manpower requirement in the Micro, Small and Medium Enterprises (MSME) sector, the government is committed to create industry responsive manpower by giving thrust on employable skills and vocational training.

RBI issues norms for trading platform for MSME receivables

To help MSMEs, RBI today permitted setting up of an exchange-based trading platform to facilitate financing of bills raised by such small entities to corporate and other buyers, including government departments and PSUs.

PSUs may have to buy 20% of requirements from MSMEs

Mishra also said that definition of MSME -- in terms of turn-over -- would be amended under a new policy that was in the offing.

Online issuance of cards for cos on the anvil

Government is moving towards online issuance of PAN cards to companies as part of several measures to improve country's investment climate as well as its ranking in the ease of doing business index.