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The Indian Government has decided to extend a special Credit Linked Capital Subsidy Scheme (CLCSS) for Technology Upgradation to the MSMEs. This money is to be utilized for the Technology Upgradation. The Indian Government relaizes that the equipping a business with technology is fiscally draining and this problem is even more severe for the Micro, ..
The Government e Marketplace (GeM) has signed an MoU with Small Industries Development Bank of India (SIDBI) to benefit MSMEs, women entrepreneurs, Self Help Groups (SHGs), Women Self Help Groups (WSHGs) and various loan beneficiaries under MUDRA and Stand-up India scheme. The MoU will enable promotion of special initiatives of GeM like Womaniya and Start-up ..
SIDBI has introduced web-based application system for contribution from Fund of Funds for Startups (FFS). The applications for contribution from various Alternative Investment Funds (AIFs) will now be accepted online and the status of the same shall be accessible to applicants, thereby increasing the transparency in the system. The provision of submission of online application ..
The United Nations’s Micro, Small and Medium-sized Enterprises Day (MSME) Day is observed every year on 27 June to raise public awareness of their contribution to sustainable development. These types of enterprises are responsible for significant employment and income generation opportunities across the world and have been identified as a major driver of poverty alleviation ..
Development Financial Institutions are specialized institutions set up primarily to provide development/ Project finance especially in developing countries. These development banks are usually majority-owned by national governments. The source of capital of these banks is national or international development funds. This ensures their creditworthiness and their ability to provide project finance in a very competitive rate. ..
On the 149th birth anniversary of Mahatma Gandhi, the Small Industries Development Bank of India (SIDBI) has launched a National Level Entrepreneurship Awareness Campaign – Udyam Abhilasha, in 115 aspirational districts identified by NITI Aayog in 28 States. The purpose of the campaign is to inspire rural youth in aspirational districts to be entrepreneurs by ..
The 2008 financial crisis brought the world to a standstill. Even India was not immune from the impact of the crisis. But the impact was limited. The aftermath effects of the crisis continued to haunt India for a longer period of time. The dark clouds of another financial crisis are looming large over India. Why ..
The Hindustan Aeronautics Limited (HAL) has become the first Public Sector Unit (PSU) to make a transaction on the “TReDS platform”. The transaction was financed by Bank of Baroda (BoB) and since stands settled. The TReDS platform is an online electronic institutional mechanism for facilitating the financing of trade receivables of Micro, Small and Medium ..