MSME Archives

PM Narendra Modi on Friday initiated the Global Patidar Business Summit (GPBS) in Surat, Gujarat. The program is being coordinated by Sardardham. PM Modi said that today India has to such an extent. "We simply need to reinforce our fearlessness, our soul of confidence. This certainty will come just when there is interest from everybody in development and everybody's efforts will be taken," he said. He further said that when the nation got independence, Sardar Sahib had expressed that there is no shortage of abundance in India. We simply need to put our minds and assets to their best use. We should always remember these words of Sardar Saheb when we set out for a goal for the approaching 25 years in the battle for independence. Modi said, 'Through its approaches and its activit...

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Centre Approves Raising And Accelerating MSME Performance By World Bank

Pooja YadavApril 1, 20220

The Union Cabinet has approved the “Raising and Accelerating MSME Performance” (RAMP) programme that's also supported by the World Bank and can cost Rs 6,062.45 crore. The newly launched RAMP scheme would commence within the fiscal year 2022-23. The recommendation was made by K V Kamath Committee, U K Sinha Committee and Economic Advisory Council to the Prime Minister (PMEAC). The total financial outlay for the RAMP scheme is Rs.6,062.45 crore (USD 808 Million). United Nations agency is providing a loan of Rs.3750 crore (USD 500 Million) for this programme and therefore the remaining Rs.2312.45 crore (USD 308 Million) is being funded by the Central government. This scheme is looking to support various COVID-19 related Recovery and Resilience Interventions of the Ministry of ...

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MSME Ministry Celebrates Azadi Ka Amrit Mahotsav: Here Are Some Hightlights

Pooja YadavMarch 3, 20220

The ministry of micro, small and medium enterprises (MSME) is celebrating its iconic week as part of the ‘Azadi ka Amrit Mahotsav’ initiative. The event was inaugurated on February 28, 2022, and to run till March 6, 2022. Azadi ka Amrit Mahotsav is an initiative to celebrate and commemorate 75 years of progressive India and the glorious history of its people, culture and achievements. As a part of the celebrations, the MSME ministry has planned a series of commemorative events and activities. During the long-lasting week, the ministry will launch a clinical test of the national level awareness programme – Sambhav. From February 28 to March 31, around one lakh students from 1,300 colleges in India will be motivated to come up with entrepreneurship concepts. Participants fr...

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Centre Announces Formation Of MSME Technology Centre In Maharashtra

Pooja YadavFebruary 28, 20220

The Union minister of MSME Narayan Rane has announced the formation of the MSME Technology Centre at Sindhudurg, Maharashtra. This can be established at a value worth Rs 200 crore. The Konbac Sfurti Cluster in Kudal was also launched. this may support 500 honey bee boxes, 300 artisans. 100 electric pottery wheels and 100 incense stick production machines were also distributed to supply opportunities for self-employment. Rupay Card was also launched which offers perks like digital payments at any time, a rate that's similar to that applicable to loans, and an interest-free period. Importance Of MSME-Technology Centre Through the MSME-Technology Centre the most effective technology, incubation, and advisory support are provided to the industry, especially MSMEs. ...