Mining start-up webinar promotes research, innovation in mining sector
The webinar was organised by the Ministry of Mines, and attended by more than 200 participants.
The webinar was organised by the Ministry of Mines, and attended by more than 200 participants.
A total of 56 startups/MSME participated out of which 5 have been selected for funding a total of Rs 6 crore based on milestones.
Since its inception in 2000 till November 30, 2023, The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) has extended guarantees amounting to Rs 5,33,587 crore.
The Union Ministry of Mines announced on Wednesday that it has decided to fund research and innovation in startups and MSMEs in the mining, mineral processing, metallurgy and recycling sector (S&T-PRISM) and has brought out guidelines for the scheme.
India’s small businesses have shown tremendous growth as the number of jobs reported by micro, small and medium enterprises registered on the government’s Udyam portal has crossed the 15 crore-mark.
MSMEs are a crucial part of the economic and social fabric of the country, and complete recovery will only be possible with high-intensity and strategically structured support to this high-spirited sector.
Meanwhile, Haryana CM took an online pledge and launched the official website of Hifazat campaign, which was started earlier this week by Haryana State Commission for Protection of Child Rights in collaboration with Haryana Police for creating awareness against Child Sexual Abuse.
The fiscal impact of the stimulus is likely to be around 0.25-0.6 per cent of GDP in the current fiscal, they said.
The ambit of the scheme was expanded to include MSMEs with turnover of up to Rs 250 crore and individuals for business purposes.
The Ministry of MSME followed up this announcement vigorously and took up the matter with the Central Ministries and Central Public Sector Enterprises (CPSEs) and State Governments. Particularly very active follow up has been done with the Heads of CPSEs.