Tag: MSME
12 Results
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IndusInd Bank to raise $225 m to support enterprises in India
The IndusInd Bank has entered into an agreement with Overseas Private Investment Corporation to raise $225 million loan to support expansion of its micro, small and medium enterprise lending programmes across India. At least 25 per cent of the proposed facility will support women entrepreneurs and reach to populations who previously had no access to …
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June 9, 2017 -
DAC finalises framework of policy to engage private sector in defence
In a significant decision, the Defence Acquisition Council (DAC) at a meeting chaired by Defence Minister Arun Jaitley, on Saturday finalised the broad framework of a policy aimed at engaging the Indian private sector in the manufacture of high-tech defence equipment in India in keeping with the “Make in India” policy of the government. The …
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May 20, 2017 -
Odisha to impart entrepreneurship training to 10,000 youths
The Odisha government has decided to impart entrepreneurship training to at least 10,000 youths during the current financial year, an official said on Saturday. It was decided at a high-level meeting chaired by MSME Minister Prafulla Samal here on Saturday. The training will be organised by the Institute of Entrepreneurship Development, Bhubaneswar, District Industry centres …
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May 13, 2017 -
Centre to work towards eradicating unemployment in Odisha: Kalraj
Micro, Small and Medium Enterprises (MSME) sector as an opportunity for Odisha, Union Minister Kalraj Mishra on April 4 said the Centre will take steps to eradicate unemployment from the state by promoting small scale units and start ups.
“MSME sector has become a challenge as well as opportunity for Odisha. We will be working towards eradicating unemployment and creating Odisha a manufacturing hub,” the Union MSME minister said.
“This can only happen by promoting small scale industries and start up is the new buzz word for Odisha to focus on promoting new ideas,” Mishra said while addressing a session on four-day mega conclave and expo organised by Utkal Chamber of Commerce and Industry (UCCI).
Union Tribal Affairs Minister Jual Oram, who was present on the occasion, said, “Odisha should come up with some policy where we can promote and set up MSME industries and factories in tribal areas.”
April 5, 2017 -
CBI arrests two for alleged bribery of Rs.25,000 in Himachal
The Central Bureau of Investigations (CBI), Shimla, has arrested two officers of the MSME Development Institute, Chambaghat, Solan district, in an alleged bribery of Rs.25,000. The CBI had registered a case on February 27, following a complaint alleging that the accused Assistant director (Electricals) and Investigator/Inspector (Glass and ceramics), working in the office of Director, …
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March 2, 2017 -
Govt to formulate National MSME Policy
The Union government has announced to formulate a policy, National MSME Policy, for micro, small and medium enterprises. The Ministry of MSME had formulated a committee on December 31, 2015 under the chairmanship of former cabinet secretary Prabhat Kumar for the policy. The committee on Friday presented its report to the Union Minister for State …
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January 27, 2017 -
Haryana notifies tax incentives to boost industry
The Haryana government has notified the "Investment Subsidy on VAT/ State GST" for a host of industry segments, including MSMEs, as part of steps to bring down cost of doing business in the state. Investment subsidy on VAT/SGST has been announced for ultra mega projects, mega projects, large units, Micro, Small and Medium and sectors …
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January 12, 2017 -
Haryana notifies tax incentives to boost industry
The Haryana government has notified the "Investment Subsidy on VAT/ State GST" for a host of industry segments, including MSMEs, as part of steps to bring down cost of doing business in the state. Investment subsidy on VAT/SGST has been announced for ultra mega projects, mega projects, large units, Micro, Small and Medium and sectors …
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January 12, 2017 -
Jobs will be safe in MSME sector, govt assures workers
Government on Sunday sought to soothe concerns of layoff in micro, small and medium enterprises (MSMEs) that employ 80 million people against the backdrop of demonetisation, saying the decision might cause initial problems but will not impact job scenario in the sector. “There can be initial problems due to demonetisation, but after the currency flow …
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November 27, 2016 -
13,500 MSME units set up in Odisha this year
The Odisha government has set up 13,500 MSME units generating employment for 42,190 persons by August this year, said an official on Saturday. Micro, Small and Medium Enterprises secretary L.N. Gupta informed that the department has set up 13,500 MSME units against the target of promoting 40,000 MSME units during the current year. He said …
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September 17, 2016 -
Banks not fully understanding problems of SMEs: Sitharaman
Union Minister Nirmala Sitharaman on Sunday said banks are not fully understanding the problems faced by small and medium enterprises, whose performance has been hit by the high interest rate regime. Twitterati drew the Minister’s attention to the issue saying it is for the industries to manage their funds and banks can only lend. Sitharaman …
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August 28, 2016 -
‘Setting up MSMEs necessary for India’s progress’
Asserting that the ‘Zero Effect Zero Defect’ policy as enunciated by Prime Minister Narendra Modi has gained a lot of attention, Union Minister for Micro, Small and Medium Enterprises (MSME) Kalraj Mishra said on Sunday that the setting up of MSMEs is necessary for the overall progress of the country. "Today, the policy of ‘Zero …
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August 21, 2016