Recent News

Formulation of a new Industrial Policy – MSMEs will be the focus area

The Department of Industrial Policy and Promotion, Ministry of Commerce and Industry initiated the process of formulation of a new Industrial Policy in May 2017. Since the last Industrial Policy announced in 1991, India has transformed into one of the fastest growing economies in the world. With strong macro-economic fundamentals …

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Small-micro businesses thrive on marginal profits, significant to attend to them: PM Modi

Small businesses run by New Delhi street vendors or small scale shops work on nominal profits, Prime Minister Narendra Modi recently said that it is important to change the attitude towards the whole country for them. In his address to the nation in monthly Mann ki baat, Prime Minister Modi …

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Focus should be on Zero Effect Zero Defect: QCI

Quality Control of India (QCI) has explained in detail to MSMEs about the importance of Zero Effect Zero Defect (ZED) in improving quality systems. At a regional workshop of MSMEs held on Tuesday, the officials explained that ZED not only tells them about their systems but also make them realise …

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Modi Govt to hold “Pan India Camps” for handloom & handicraft

In a release issued by the Ministry of Textiles on Monday in New Delhi, the Ministry has proposed to hold pan India camp in handloom and handicrafts groups under the “Handicraft Cooperation Camp” initiative. With the objective of organizing camps in more than 190 handloom at block level and weavers …

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Scheme for providing financial assistance on marketing support under Marketing Assistance Scheme

Related Scheme Marketing Assistance Scheme Description The assistance is provided for the following activities: A. Organizing Exhibitions abroad and participation in International Exhibitions/Trade Fairs B. Co-sponsoring of Exhibitions organized by other organisations/ industry associations/agencies C. Organizing Buyer-Seller Meets, Intensive Campaigns and Marketing Promotion Events Nature of assistance Financial assistance of …

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Scheme for providing establishment of new institutions (EDIs), strengthening the infrastructure for EDIs under ATI Scheme

Related Scheme Assistance to Training Institutions Scheme Description The assistance shall be provided to training institutions in the form of capital grant for creation/strengthening of infrastructure and programme support for conducting entrepreneurship development and skill development programmes. Nature of assistance (i) The maximum assistance under the scheme to a State …

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Scheme for ‘providing financial assistance for performance and credit rating under PCR Scheme

Related Scheme Performance and Credit Rating Scheme for Micro and Small Enterprises Description The objective of the Scheme is to create awareness amongst micro & small enterprises about the strengths and weaknesses of their operations and also their credit worthiness. The Scheme is implemented by National Small Industries Corporation (NSIC) …

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Scheme for ‘Providing financial assistance on International Cooperation’

Related Scheme International Cooperation Scheme Description The Scheme would cover the following activities: (a) Deputation of MSME business delegations to other countries for exploring new areas of technology infusion/upgradation, facilitating joint ventures, improving market of MSMEs products, foreign collaborations, etc. (b) Participation by Indian MSMEs in international exhibitions, trade fairs …

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NDMC to produce their own honey

President Ram Nath Kovind visited the apiary set up at the President’s Estate with the aid of the Khadi and Village Industries Commission (KVIC) to promote the Honey Mission on Saturday, according to a statement from Rashtrapati Bhavan. Currently, 200 bee boxes have been installed to produce high-quality honey, wax …

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Neem based small scale industries- Ideas

NOMENCLATURE: Approved Name: Azadirachtin derived from neem (Azadirachta indica) Based on the neem isolates (bitters, oil and cake), industry can developed following products:- Neem oil/bitters based pesticides Neem Coated Urea Neem Cold/Vanishing/Shaving Creams Neem Face Pack Neem Soap Neem Mouthwash Neem Herbal Phenyl SOURCE: The Neem Tree: Source of Unique …

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