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Cluster Development For MSME Growth

Introduction: A cluster is a sectoral and geographical concentration of enterprises, i.e. Micro, Small and Medium Enterprises, manufacturing same or related products facing common opportunities and threats.”Sectoral and geographical” means physical presence of a number of enterprises at one place or within a small radius say 5 kms.  Examples may …

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ASPIRE Scheme for Promoting Rural Area Entrepreneurship

ASPIRE Scheme or Scheme for promotion of innovation, entrepreneurship and Agro-Industry is promoted by the Ministry of Micro, Small and Medium Enterprises. In the 2014-15 Budget, the Hon’ble Finance Minister announced that “To establish Technology Centre Network to promote Innovation, Entrepreneurship and Agro-Industry, I propose to set up a fund …

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Stand-Up India Scheme Features

For All – Central level Sr No Subsidy Schemes Ministry Description To know more details, please visit Applicability 1 Technology Upgradation Fund Scheme (TUFS) Ministry of Textiles, Govt. of India Ministry of Textiles introduced the Technology Upgradation Fund Scheme (TUFS) for textiles and jute industry to facilitate induction of state-of-the- …

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NSIC – CARE Performance and Credit Rating for MSEs

NSIC – CARE Performance and Credit Rating for MSEs This rating indicates the relative level of financial strength and performance capability of an MSE entity compared to other MSEs. It is an issuer-specific rating and not a loan/bank facility-specific rating. It is a one-time assessment of the rated entity. NSIC …

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Trade Related Entrepreneurship Assistance and Development (TREAD) for Women

Women have been among the most disadvantaged and oppressed section of our country with regard to access to and control over resources. Problems faced by them continue to be grave particularly for illiterate & semi literate women of rural and urban areas In order to alleviate their problems, Govt. of …

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ZED – Zero Defect Zero Effect – An Opportunity for MSMEs to build Competitiveness

ZED Maturity Assessment Model The ZED Maturity Assessment Model has been conceived and structured to offer graded benchmark levels of an organisation’s performance through a set of standard enabler and outcome parameters focusing on quality and environmental performances. It aims to rate and handhold all MSMEs to deliver top-quality products …

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Pradhan Mantri MUDRA Yojana (PMMY) – Details

Under the aegis of Pradhan Mantri Mudra Yojana (PMMY), MUDRA has created products / schemes. The interventions have been named ‘Shishu’, ‘Kishor’ and ‘Tarun’ to signify the stage of growth / development and funding needs of the beneficiary micro unit / entrepreneur and also provide a reference point for the …

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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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