The policy will engage entrepreneurs to partner up with railways
Tag: Micro
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Govt extends Atal Innovation Mission till March 2023
AIM to devise innovative culture, entrepreneurial ecosystem in India
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Odisha launches MSME fund
To promote micro, small and medium industries (MSME) in the state, the Odisha governĆĀ”ment has launched a venture capital fund worth Rs 100 crore.
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SIDBI to get JICA aid for MSME initiatives
The Small Industries Development Bank of India (SIDBI) has signed a loan agreement worth about Rs 1,800 crore with Japan International Cooperation Agency (JICA)
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Survey highlights need to boost funding for MSMEs
Government must take steps to promote flow of funding to Micro, Small and Medium Enterprises (MSMEs) in order to ensure growth in the sector. According to a Ficci-Grant Thornton survey, inadequate credit facility is one of the factors that thwart the expansion plant of majority of companies in the sector
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RBI norms for lending to small units
In view of the increase in price index and cost inputs, Reserve Bank of India revised sub-targets for lending to the micro and small enterprises sector. According to the new norms, banks must divert 40 per cent of total advances to the sector to micro (manufacturing) enterprises having investment in plant and machinery up to Rs 10 lakh. The existing limit is Rs 5 lakh. The revision is within the overall ceiling of Rs 25 lakh for micro enterprises as defined in the Micro, Small and Medium Enterpr