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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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Micro & Small Enterprises – Cluster Development Programme (MSE-CDP)

The Ministry of Micro, Small and Medium Enterprises (MSME), Government of India (GoI) has adopted the cluster development approach as a key strategy for enhancing the productivity and competitiveness as well as capacity building of Micro and Small Enterprises (MSEs) and their collectives in the country. Clustering of units also …

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India and Afghanistan establish Direct Air Freight Corridor

The first flight from Kabul to Delhi establishing air freight corridor was received on 19 June 2017 by the External Affairs Minister Smt. Sushma Swaraj in the presence of Civil Aviation Minister Shri Ashok Gajapathi Raju and Minister of State for External Affairs Shri M.J. Akbar and the Ambassador of …

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TIIC conducts loan mela for MSMEs

Tamil Nadu Industrial Investment Corporation (TIIC) is aiming to disburse loans to the tune of ₹1,800 crore for entrepreneurs, micro, small and medium enterprises across the State, said a top official here on Monday. T. Kirubakaran, General Manager, TIIC (Projects), said that the State-run financial corporation expects high turn out …

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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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RBI working on co-origination model for MSMEs

The Reserve Bank of India is working towards a formal co-origination model to give a boost to the flow of credit to the micro, small and medium enterprises (MSME) sector, SS Mundra, Deputy Governor, said. A co-origination model is not about a bank financing a micro-finance institution (MFI) or non-banking …

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About the Scheme of Mega Food Park

The Scheme of Mega Food Park aims at providing a mechanism to link agricultural production to the market by bringing together farmers, processors and retailers so as to ensure maximizing value addition, minimizing wastage, increasing farmers’ income and creating employment opportunities particularly in rural sector. The Mega Food Park Scheme …

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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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