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Entrepreneur’s Zone

Prime Minister Employment Generation Programme (PMEGP) – Know Scheme details

The scheme is implemented by Khadi and Village Industries Commission (KVIC), as the nodal agency at the national level. At the state level, the scheme is implemented through State KVIC Directorates, State Khadi and Village Industries Boards (KVIBs) and District Industries Centres (DICs) and banks. The subsidy under the scheme …

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Support For Entrepreneurial And Managerial Development Of SMEs Through Incubators – Scheme details

a) Objectives The Scheme provides early stage funding for nurturing innovative business ideas (new indigenious technology, processes, products, procedure etc.) which could be commercialized in a year. The main objective is to promote development of knowledge-based innovative ventures and to improve the competitiveness and survival instincts of the Micro, Small …

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Lean Manufacturing Competitiveness Scheme (LMCS) for Micro Small and Medium Enterprises(MSMEs)

The core idea of lean manufacturing is actually quite simple…relentlessly work on eliminating waste from the manufacturing process. So what is waste? Waste is defined as any activity that does not add value from the customer’s perspective. According to research conducted by the Lean Enterprise Research Centre (LERC), fully 60% …

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How to start a Coir Industry- a Step-by Step approach.

1. Identifying the opportunity The overriding reason for anyone to think of establishing a Coir unit can be summarised in one word – opportunity. An opportunity to provide a product or service, which can generate sufficient surplus. This is all the more true if one is a believer in the …

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YEIDA to soon establish a skill development center

A skill development institute to train the rural youth of the region to make them employable in industries will take shape in the Yamuna Expressway Industrial Development Authority(YEIDA) area. Arunvir Singh, Chief Executive Officer (CEO), YEIDA on Tuesday said that the Authority has proposed the project in the 100-day plan …

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Small Medium businesses you can start today with low cost

If you’re thinking about starting a business, to pursue your entrepreneurial dream! If you want to strike out on your own, but you’re not sure exactly what to do, here are some of ideas that may help. Cleaning Business All you need to start your own cleaning business is a …

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GST Bills passed, PM Says “it will be one nation, one tax and it will give a big boost to GDP”

The Lok Sabha on Wednesday approved four legislations — The Central GST Bill, 2017; The Integrated GST Bill, 2017; The GST (Compensation to States) Bill, 2017; and The Union Territory GST Bill, 2017. The Centre has set the target of July 1 to roll out the Goods and Services Tax …

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Now you can start a business in India in 6 days.

Currently, it will take a total of 26 days after going through all the bureaucratic procedures. And if you happen to be in Mumbai, the number goes up to 14 as you have to register for Profession Tax and receive inspection and obtain Shops and Establishment registration certificate. By March-end …

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Cash credit limit for MSMEs Raised to 30 per cent: Arjun Ram Meghwal.

The government has increased the cash credit limit for micro, small and medium enterprises (MSMEs) to 30 per cent of turnover from the existing 20 per cent to encourage such ventures conduct businesses digitally, Minister of State for Finance Arjun Ram Meghwal said today. “We have taken the decision that …

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Union Budget provides big relief to MSMEs: Kalraj Mishra

Asserting that the Budget provides a ‘big relief’ to the MSME sector, Union Minister Kalraj Mishra today said announcements like the lowering of income tax for smaller firms and doubling the lending target under MUDRA Yojana will benefit small entrepreneurs in the country. Observing that smaller firms had “faced difficulties” …

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