News: Finance Minister Arun Jaitley launched the India Aspiration Fund (IAF) to be set up as a fund of funds under the Small Industries Development Bank of India (SIDBI) in order to boost the startup ecosystem in the country. “India is witnessing a startup revolution and to harness the potential ...
Read More »Startup India, stand up India should be our mantra: PM’s Independence Day speech
News: PM’s speech on the independence day was focused on giving a report card of the first 15 months of his governments, although his comments on corruption and the Central Bureau of Investigation (CBI) registering a record number of cases since May 2014 are significant in the context of the ...
Read More »After IITs, second-rung engineering colleges picking up on startup trend
Journey of an Entrepreneur Founder and CEO of Freshdesk, which recently raised about Rs 317 crore ($50 million) from Tiger Global Management, Accel Partners and Google Capital, the company’s fifth investment. This is how Mathrubootham, an engineering graduate from SASTRA University in Tamil Nadu’s Thanjavur district and an MBA from the University ...
Read More »Government Planning Incubation Centres to Boost Sector
News: The Union minister of state for micro, small and medium enterprises (MSME), Giriraj Singh announced in Coimbatore that the government plans to set up 500 incubation centres for creating skilled professionals and entrepreneurs with Rs. 200 crore investment on private-public partnership model across the country in the next one year. ...
Read More »India and Sweden singned MoU on cooperation on MSME
The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has signed the Memorandum of Understanding (MoU) between India and Sweden on cooperation in the field of Micro, Small and Medium Enterprises. The objective of the MoU is to promote cooperation between the Micro, Small and Medium Enterprises of ...
Read More »Framework for Revival and Rehabilitation of MSMEs
News The Ministry of Micro, Small & Medium Enterprises has notified a Framework for Revival and Rehabilitation of MSMEs, in exercise of the powers conferred under section 9 of the Micro, Small and Medium Enterprises Development Act, 2006. In India, the existing mechanism for addressing revival, rehabilitation and exit of ...
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