- Tag results for MSME
Small Industries Development Bank of India (SIDBI) has announced a slew of initiatives to boost micro, small and medium enterprises (MSME) sector.
This initiative is aimed at grooming SC/ST entrepreneurs who can create job opportunities for others.
The government has proposed to set up MSME parks in 175 Assembly constituencies in a phased manner and allocated `200 crores for the sector.
MSME sector was worsened by demonetisation, announced on November 2016; while the introduction of GST has not made anyany substantial impact.
Due to constraints in land acquisition, the APIIC officials identified land of not less than 25 acres and more as per availability for setting up of MSME Parks.
Objecting to the introduction of the bills as part of a second supplementary list of business today, Congress member Sunil Jakhar said these bills have been "hurriedly brought" and would hurt MSMEs.
It was introduced in Lok Sabha earlier this week by Union Minister Giriraj Singh.
The bill was introduced in the Lok Sabha by Minister of State for MSMEs Giriraj Singh, after he withdrew the 2015 Bill on the issue.
The finance ministry is likely to send an email to the micro, small and medium enterprises soon, detailing the services that can be obtained using Udyog Aadhaar.
District Collector Nikhil Pawan Kalyan had urged the bankers at a review meeting to extend financial assistance to MSME entrepreneurs for generating employment opportunities.
The state has brought out an industrial policy which lays emphasis on creating more employment by boosting industrial growth.
An app and special catalogue featuring 50 MSME entrepreneurs released during the event.
Altogether, 3.22 lakh MSMEs have been established with an investment of Rs 15,959 crore and employment generated for 13.35 lakh persons till March 2018.
The officials of the Andhra Pradesh Industrial Infrastructure Corporation (APIIC) and Industries departments have so far identified lands for setting up only 31 MSME parks across the State.
The three-day event ending on June 24 aims to boost MSMEs, Startups and budding young entrepreneurs. It also aims to provide them with the much needed unified global platform for networking.