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Micro, Small and Medium Enterprises Sector will be Revamped Technology Centre Network to be Established
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....icro, Small and Medium Enterprises Sector will be Revamped Technology Centre Network to be Established <br>News and Press Release<br>Dated:- 10-7-2014<br><BR>The Union Finance Minister Shri Arun Jaitley while presenting the General Budget 2014-15 in Parliament today said that the financial structure of Micro, Small and Medium Enterprises (MSME) sector, mainly owned or run by SCs, STs and OBCs whic....
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....h is of critical importance, has to be strengthened. For this purpose, he proposed to appoint a committee with representatives from Finance Ministry, Ministry of MSME and RBI to give concrete suggestions in three months. The Finance Minister stated that the promotion of entrepreneurship and start-up companies remains a challenge. In order to create a conducive eco system for the venture capital i....
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....n the MSME, he proposed to establish a ₹ 10,000 crore fund to act as a catalyst to attract private Capital by way of providing equity, quasi equity, soft loans and other risk capital for start-up companies. The Finance Minister also announced to establish Technology Centre Network to promote innovation, entrepreneurship and agro-industry. He proposed in the Budget to set-up a corpus fund o....
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....f ₹ 200 crore. The Finance Minister has announced to develop an entrepreneur friendly legal bankruptcy framework for SMEs to enable easy exit. He said that a nationwide "District level Incubation and Accelerator Programme" would be taken up for incubation of new ideas and providing necessary support for accelerating entrepreneurship.<BR> News - Press release - PIB....