The government has launched another contest on Friday to boost homegrown startups and software products companies with special focus on firms from small towns of the country. As per the “Chunauti”- Next Generation Startup Challenge Contest around 300 startups working…
Government to launch PMKVY-III
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 announces 2 per cent interest subsidy for small borrowers under Mudra Yojana
The government on Wednesday approved a 2 per cent interest subsidy scheme for Shishu loan account holders under the Mudra Yojana to help small businesses tide over difficulties created by the lockdown following outbreak of coronavirus disease. Under Shishu category,…
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…
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
The PMJJBY is available to people in the age group of 18 to 50 years having a bank account who give their consent to enable auto-debit. Aadhar would be the primary KYC for the bank account. The life cover of…
Pradhan Mantri Suraksha Bima Yojana (PMSBY)
What is PMSBY? Pradhan Mantri Suraksha Bima Yojana (PMSBY) is one of three social security schemes that the government had announced in the 2015 Budget. The other two being Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and the Atal Pension…
Govt infuses Rs 48,239 crore in Public Sector Banks
The fresh round recapitalisation of 12 state-run banks is positive as it will help them improve their core capital but a complete turnaround is still away due to the large quantum of legacy bad loans. The government on 20 Feb…