Tag: #MSME

Kinara Capital, India’s fast-growing fintech driving MSME financial inclusion, today announced a new INR 500 crores fund and expanded benefits to mark the 5th year anniversary of its HerVikas program for women entrepreneurs. The new benefits aim to encourage more women-owned MSME startups to experience the gains of early access to formal credit by providing them with catalytic capital.

Hyderabad, June 15 : Union Minister for Tourism, Culture & Development of North Eastern G Kishan Reddy on Wednesday emphasized that all the women should be role models by developing startups related to fisheries activities which plays a key role as a livelihood activity across the country.

New Delhi, Apr 28 : Union Micro Small and Medium Enterprises Minister Narayan Rane on Thursday launched the revised MSME Sustainable (ZED) Scheme that offers incentives and benefits for manufacturing quality products with the least effect on environment. The scheme encourages MSMEs to adopt Zero Defect Zero Effect (ZED) practices. Emphasising the need for scaling up production and improving quality, Rane said that MSME Ministry has been coming up with new schemes to support the industry and the MSME Sustainable (ZED) scheme is part of such initiatives. The Minister said the new scheme of ZED certification will improve quality and increase production. He appreciated the suggestions given by industry participants and promised to take more reform measures to promote MSMEs which contribute nearly 30% to the country's gross domestic product (GDP). Speaking on the launch of the ZED scheme, MSME Secretary BB Swain said that MSMEs must enhance capability and competitiveness to become part of global value chain. Swain noted that MSME Sustainable (ZED) scheme will provide opportunity to MSME units to continuously strive to improve their processes.

Lucknow, Sep 23 : Singapore High Commissioner Simon Wong has said that there is a favorable environment for investment in Uttar Pradesh and a large number of Singapore investors are willing to invest in different projects of UP including in the Defence Corridor and MSME sector.

New Delhi, Jul 29 : The bill seeking to help MSMEs by broadening the scope of entities undertaking factoring is scheduled to be taken up by Rajya Sabha on Thursday amid fears of uproar by Opposition party members. Finance Minister Nirmala Sitharaman would move the Factoring Regulation (Amendment) Bill,2021 for consideration of the Upper House. It has already been passed by the Lok Sabha.

Kolkata, May 5 (UNI) RBI has come out with a timely and proactive set of announcements for all stakeholders, including individuals, small businesses, and MSMEs, to mitigate the incipient challenges and support growth impulses at the ground level. Simultaneously, measures have been announced for the lending institutions as well as the State governments to ensure ample liquidity & credit flow support, S.S Mallikarjuna Rao, MD and CEO of Punjab National Bank said on RBI Monetary Policy.

New Delhi, Apr 2 (UNI) Ministry of Road Transport and Highways (MoRTH) has achieved the record-breaking milestone of constructing 37 kilometres highways per day in year 2020-21. Minister for Road Transport & Highways and MSME Nitin Gadkari on Thursday evening felicitated the officials of the ministry and presented the letters of appreciation. Mr Gadkari said that this would not have been possible without dedication and team work of the officials and other stakeholders.

Bhubaneswar, Feb 27 (UNI) A Technology Business Incubator was established in Fakir Mohan University at Balasore, in presence of Union Minister of state for MSME, Fisheries and Animal Husbandry Pratap Chandra Sarangi on Saturday.

Lucknow, Dec 29(UNI) MSME units in Uttar Pradesh have not only increased business, but also provided employment opportunities to more than 3 million people, official sources said here on Tuesday. The state is being recognized as a fast paced state in the country. The main reason for this is that there are 8,07,537 MSME units working in the state, they added.