New Delhi, May 31 (IANS) The government is set to launch ‘MAHA on Water’ (Mission for Advancement in High-Impact Areas for Water), a joint initiative of the Ministry of Jal Shakti and the Anusandhan National Research Foundation (ANRF), to promote cutting-edge research in priority areas such as water resources management, drinking water, climate resilience and water-use efficiency, it was announced on Sunday.An open call for research proposals under the initiative will also be announced at th…
Latest MSMEs News & Updates
New Delhi, May 29 (IANS) Over Rs 6,800 crore hitherto stuck in unclaimed bank deposits has been restituted to nearly 29 lakh claimants across the country during the past six months as part of the stepped-up drive to help citizens recover their money, the Finance Ministry announced on Friday.Secretary, Department of Financial Services (DFS), M. Nagaraju, chaired a review meeting of public sector banks (PSBs) to assess their performance and progress across key operational, financial and strategic …
New Delhi, May 29 (IANS) There is a need for a multi-pronged approach to bridge the technology divide through greater digital inclusion, stronger innovation capabilities, and improved technology readiness of MSMEs to support their integration into regional and global value chains, an official statement said on Friday.This was conveyed at the second ‘SME Working Group Meeting’ by the Ministry of MSME under the ‘BRICS Partnership on the New Industrial Revolution (PartNIR)’ here.The meeting s…
Mumbai, May 29 (IANS) Chief Minister Devendra Fadnavis on Friday said that Maharashtra, which is strongly positioned to lead the Artificial Intelligence (AI) revolution, will spearhead development in this sector not only in India but globally in the near future. This is due to Mumbai’s financial prowess, technological expertise, robust start-up ecosystem, and readiness to adopt emerging technologies.The Chief Minister made these remarks during an interview at the inauguration of ‘Mumbai Tech…
New Delhi, May 27 (IANS) Telecom industry body Broadband India Forum (BIF) on Wednesday hailed the Department of Telecommunications’ (DoT) two important notifications aimed at further strengthening the PM-WANI based Public Wi-Fi ecosystem.The notifications are extremely significant in the overall push both from the government and by the regulator to promote PM-WANI based Public Wi-Fi ubiquitously across the country.PM-WANI is a unique flagship initiative of the government to provide affordable…
Mumbai, May 26 (IANS) In a major push to industrial investment, job creation, and the development of a modern industrial ecosystem in Maharashtra, Chief Minister Devendra Fadnavis has approved special incentives for five mega and ultra-mega projects worth approximately Rs 89,731 crore. The decision was taken during a Cabinet Subcommittee on the Industry Department meeting chaired by Chief Minister Devendra Fadnavis.CM Fadnavis stated that these projects are expected to generate around 20,000 dir…
New Delhi, May 25 (IANS) AYUSHEXCIL and the Spices Board of India on Monday signed a Memorandum of Understanding (MoU) to strengthen India’s global leadership in traditional wellness and natural products. The collaboration aims to promote global cooperation in Ayush products and medicinal spices by strengthening export promotion, quality assurance, standardisation, research, innovation, and international market development for functional foods, nutraceuticals, herbal extracts, and value-added …
Mumbai, May 25 (IANS) Union Finance Minister Nirmala Sitharaman on Monday said that standard products cannot serve non-standard businesses as the minister urged the Small Industries Development Bank of India (SIDBI) to redesign lending models according to the unique business cycles of MSMEs and startups.Addressing an event here, the Finance Minister said SIDBI’s role must expand beyond that of a lender to becoming a market maker and risk-sharing partner for India’s MSME ecosystem.“SIDBI’s …
Mumbai, May 25 (IANS) Finance Minister Nirmala Sitharaman said on Monday that India’s economy continues to show resilience amid global uncertainty, and came out strongly against attempts to paint a “pessimistic and cynical narrative” that presents an inaccurate picture of the country’s growth trajectory.Addressing the SIDBI foundation day event here, FM Sitharaman pushed back against concerns around India’s economic trajectory. “India cannot afford fear mongering that damages public conf…
Thiruvananthapuram, May 23 (IANS) Claiming that timely intervention by the Narendra Modi government helped Kerala’s small business sector withstand global economic shocks, State BJP Pesident Rajeev Chandrasekhar said on Saturday that more than 5.5 lakh MSMEs in the state benefited from the Centre’s Emergency Credit Line Guarantee Scheme (ECLGS), with guaranteed credit support of more than Rs 8,405 crore extended to enterprises across the state. Chandrasekhar said the scheme played a crucial role…