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MSME

May 22, 2013

Finance and Infrastructure are major challenges for SMEs

Tags: MSME, Small and Medium Business Development Chamber of India, women entrepreneurs
Indian SMEs are diverse and full of potential. However, the issues and challenges that this segment is facing are equally diverse. In order to deal with these challenges great level of advocacy is needed. The Small and Medium Business Development Chamber of India is an industry association which has taken over this responsibility of developing the SME Sector, as well as raising their issues to appropriate authorities on time to time.
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May 20, 2013

WB industrial policy seeks to woo MSMEs

Tags: West Bengal, mamata banerjee, Industrial policy, MSME
Following the footsteps of Maharashtra and Gujarat, the West Bengal government has unveiled its draft industrial policy after a long wait on May 18, to woo entrepreneurs by showcasing the state as an attractive investment destination. The policy stressed on sustainable development of labour-intensive micro, small and medium enterprises (MSMEs), with special emphasis on food processing and agro, textiles and apparel, leather and handicrafts.
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May 20, 2013

SIDBI to support Banks/NBFCs in MSME refinancing

Tags: MSME, SIDBI, refinancing, Credit plus, CFCs
The Small Industries Development Bank of India (SIDBI), the apex body for the development of MSME sector, has identified four major gaps in financing MSME sector in India that impacted the viability and sustainability of the sector. The four areas are risk capital/equity, receivable financing/factoring, service sector and sustainable financing for cleaner technology and energy efficiency.
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April 29, 2013

India Inclusive Innovation Fund to back grass root innovations

Tags: India Inclusive Innovation Fund, MSME, EFC
The National Innovation Council, in collaboration with Ministry of Micro, Small and Medium Enterprises (MSME) has proposed to set up a dedicated fund in the name of ‘India Inclusive Innovation Fund’ for promoting grass root innovations with social returns as well as modest economic returns, said the Minister of State for Finance, Namo Narain Meena in the Lok Sabha recently.
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April 23, 2013

ATI scheme to continue in 12th plan: MSME Minister

Tags: K. H. Muniyappa, MSME, ATI scheme
K. H. Muniyappa, Minister of State (Independent Charge) for Micro, Small and Medium Enterprises (MSMEs) has informed Rajya Sabha via a written reply to a question on Monday that, the government has proposed to continue ‘Assistance to Training Institutions’ (ATI) scheme in the 12th Five Year Plan and a proposal for that has already been sent to Ministry of Finance.
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