RS. 5000 crore India opportunities venture fund with SIDBI Announced Two SME Exchanges Launched in Mumbai Ministries and CPSES to Make Minimum of 20% Purchase From MSEs.

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....S. 5000 crore India opportunities venture fund with SIDBI Announced Two SME Exchanges Launched in Mumbai Ministries and CPSES to Make Minimum of 20% Purchase From MSEs. <br>News and Press Release<br>D....

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....ated:- 16-3-2012<br><BR>Press Information Bureau Government of India Ministry of Finance 16-March-2012 14:17 IST RS. 5000 crore India opportunities venture fund with SIDBI Announced Two SME Excha....

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....nges Launched in Mumbai Ministries and CPSES to Make Minimum of 20% Purchase From MSEs While presenting the General Budget 2012-13 in LokSabhahere today, ShriPranab Mukherjee, Finance Minister annou....

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....nced setting-up of a Rs. 5000 croreIndia Opportunities Venture Fund with SIDBI. This is in order to enhance availability of equity to the Micro, Small and Medium Enterprises, he stated. The Finance M....

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....inister, Shri Mukherjee informed that two SME exchanges have been launched in Mumbai recently to enable these enterprises greater access to finance. The Finance Minister further stated that SMEs are t....

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....he building blocks of the country economy and they rely primarily on loans from banks and informal sources to raise capital. With the aim of promoting market access of Micro and Small Enterprises (MS....

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....Es), the Government has approved a policy under which Ministries and CPSEs are required to make a minimum of 20% of their annual purchase from MSEs. 4% of this purchase will be earmarked for procureme....

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....nt from MSEs owned by SC/ST entrepreneurs. DSM/MV/LMP/55<BR> News - Press release - PIB....