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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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Pradhan Mantri Mudra Yojna is encouraging women to take charge and become entrepreneurs.

Through the scheme, the government was able to disburse money to the underprivileged and claimed that 70 per cent of the beneficiaries were women. With the help of banks and PMMY scheme launched in 2015, people who earlier used to struggle in getting loans can now easily opt for loans. …

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Union Minister for MSME Kalraj Mishra said that the definition of Micro, Small and Medium Enterprises (MSME) will be revised soon.

Union Minister for MSME Kalraj Mishra said that the definition of Micro, Small and Medium Enterprises (MSME) will be revised soon. While addressing in the valedictory function of UCCI Expo here at the Exhibition Ground, Mr.Mishra said time has come to revise the limits of each sector in MSME which …

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Insolvency and Bankruptcy Code, 2016 is a key economic reform that will facilitate ease of doing business and promote economic growth – Shri Arjun Ram Meghwal, MOS (Finance &Corporate Affairs)

Shri Arjun Ram Meghwal, MOS (Finance &Corporate Affairs): Insolvency and Bankruptcy Code, 2016 is a key economic reform that will facilitate ease of doing business and promote economic growth;. Inaugurates the new Premises of Insolvency and Bankruptcy Board of India in national capital The Minister of State for Finance and …

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MSMES to get subsidy for Cloud.

The Centre has proposed subsidy up to Rs 1 Lakh for micro and small enterprises to encourage to use cloud computing for information and communications technology applications. In Cloud computing MSMEs use Internet to access common as well as tailor-made IT infrastructure, including software, for managing business. The subsidy will …

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Development of Production Infrastructure Scheme for Coir Units

DEVELOPMENT OF PRODUCTION INFRASTRUCTURE SCHEME Related Scheme DEVELOPMENT OF PRODUCTION INFRASTRUCTURE SCHEME Description Financial assistance for setting up of coir units and modernisation of existing units. Under the Scheme the Board is extending subsidy to the tune of 25 % of the cost of equipments and other infrastructural facilities subject …

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Implementation Status of the Package for Promotion of Micro and Small Enterprises

The small scale industry sector output contributes almost 40% of the gross Industrial value-added 45% of the total exports from India (direct as well as indirect exports) and is the second largest employer of human resources after agriculture. The development of Small Scale Sector has therefore been assigned an important …

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Government Policies Relating to the Textile Industry in India

Introduction The Indian textile industry is one of the largest industries in the world. The Ministry of Textiles in India has formulated numerous policies and schemes for the development of the textile industry in India. Some of them are detailed in the following sections. National Textile Policy The National Textile …

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