The government has approved the third phase of skill development scheme, Pradhan Mantri Kaushal Vikas Yojana (PMKVY), with an increased focus on digital technology and industry 4.0, Union Minister Mahendra Nath Pandey said on Monday. Addressing a webinar organised by…
Government to launch PMKVY-III
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Government’s support towards MSME during this Pandemic
Entrepreneur Brothers and sisters you are not alone, the entire nation is standing with you during this tough time of pandemic! To speed up Micro, Small and medium Enterprises, a sum of Rs 3 lakh crore on low interest has…
GoI launches PM SVANidhi Scheme
On June 1, 2020, Government of India launched the Pradhan Mantri SVANidhi Scheme for street vendors. The Union cabinet has cleared the credit amount for the scheme as well. The scheme is aimed at enabling the street vendors to resume…
Government Schemes specially for Startups 2/10
6. Scheme of Fund for Regeneration of Traditional Industries (SFURTI) Headed By: Ministry of MSME The aim of the scheme is to organize Traditional Industries and Artisans into clusters and to provide sustainable employment, enhance marketability of products and to equip…
Government Schemes specially for Startups 1/10
The Government of India (GoI) and governments of several states have introduced schemes to finance and support startups. The GoI formulates provisions to alleviate the conditions of startups in its financial budget. Government schemes can be availed by startups if…
SIDBI – Sustainable Finance Scheme (SFS)
SIDBI introduced a new scheme called sustainable finance scheme during 2012-13 for those sustainable development projects which contribute in energy efficiency and cleaner production but are not covered under international or bilateral lines of credit given through international or bilateral…
Stand-Up India Scheme for MSME
Stand-Up India Scheme facilitates loan for Enterprises in trading, manufacturing, or services. In the case of non-individual enterprises, at least 51% of the shareholding and controlling stake should be held by an SC/ST or woman entrepreneur. The borrower should not…
SIDBI Make in India Soft Loan Fund for Micro, Small and Medium Enterprises (SMILE)
SIDBI Make in India Loan for Enterprises (SMILE) was also launched by Jaitley. The Scheme is intended to take forward Government of India’s ‘Make in India’ campaign and help MSMEs take part in the campaign. The focus will be on…
Coir Udyami Yojana – MSME
The Coir Udyami Yojana is a credit linked subsidy scheme in the coir sector. The pattern of financial assistance under the scheme is 40% of the project cost as Government of India subsidy, 55% as loan from Bank and 5%…
Credit Guarantee Scheme for Startups
The Government has formulated a Credit Guarantee Scheme for Startups (CGSS) with a corpus contribution of Rs 2,000 crore that will enable startups to raise loans without any collateral for their business purposes. The credit guarantee scheme will provide portfolio-based…