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Number of firms, jobs in India`s informal sector clock double-digit growth The estimated number of establishments in India’s Unincorporated Sector recorded a robust 12.84 per cent growth during October 2023–September 2024, compared to the same period of the previous year, according to the annual survey of the Ministry of Statistics released on Tuesday.  Similarly, the total estimated employment in the sector showed a double-digit growth of 10.01 per cent during this period over the previous year while Gross Value Added (GVA) jumped by 16.52 per c...
Number of firms, jobs in India`s informal sector clock double-digit growth
Number of firms, jobs in India`s informal sector clock double-digit growth
Source: IANS
2024-12-25 09:05:48 am
PLI scheme achieves Rs 1.46 lakh crore investment, FDI inflows up 26 pc  From achieving Rs 1.46 lakh crore in investment under the product-linked incentive (PLI) scheme to 26 per cent increase in FDI inflows (year-on-year) in Q1 this fiscal (FY25), the Department for Promotion of Industry and Internal Trade (DPIIT) said on Friday that it has played a pivotal role in 2024 in building a self-reliant and globally competitive India.  While PLI scheme saw Rs 12.5 lakh crore in production, Rs 4 lakh crore in exports and generating 9.5 lakh jobs, over 1,300...
PLI scheme achieves Rs 1.46 lakh crore investment, FDI inflows up 26 pc
PLI scheme achieves Rs 1.46 lakh crore investment, FDI inflows up 26 pc
Source: IANS
2024-12-20 02:10:27 pm
High interest rates big deterrent for MSME exporters; working with finance ministry on this: DGFT Director General of Foreign Trade (DGFT) Santosh Kumar Sarangi has said that the country's high interest rates are a big deterrent for exporters community and the commerce ministry is working with its finance counterpart to help them at this front. He said that the department of commerce has been struggling to convince the finance ministry regarding the relevance of the Interest Equalisation Scheme (IES) and the extent to which it is maintaining manufacturing competitiveness.   ...
High interest rates big deterrent for MSME exporters; working with finance ministry on this: DGFT
High interest rates big deterrent for MSME exporters; working with finance ministry on this: DGFT
Source: Accord Fintech
2024-12-19 11:37:51 am
UGRO Capital Limited - Public Issue Of Secured, Rated, Listed, Redeemable, Non-Convertible Debentures (Secured NCDs) Opens Today UGRO Capital Limited, an NBFC focused on MSME lending, today announced the issue of secured, rated, listed, redeemable, non-convertible debentures of the face value of Rs.1,000 each. The Issue has a base issue size of Rs.10,000 lakhs with an option to retain oversubscription up to Rs.10,000 lakhs, aggregating up to Rs. 20,000 lakhs. The Issue opens on Thursday, October 10, 2024 and closes on Wednesday, October 23, 2024 with an option of early closure subject to compliance with Regulation 33A ...
UGRO Capital Limited - Public Issue Of Secured, Rated, Listed, Redeemable, Non-Convertible Debentures (Secured NCDs) Opens Today
UGRO Capital Limited - Public Issue Of Secured, Rated, Listed, Redeemable, Non-Convertible Debentures (Secured NCDs) Opens Today
Source: PR Agency
2024-10-11 03:31:20 pm
Ugro Capital has reached a total aum of INR 10,200+ cr milestone in Q2 FY25, growing from INR 2,970 crore in March 2022 UGRO Capital, a leading DataTech NBFC focused on MSME lending, today announcedits robust performance for the quarter ended September 30, 2024 (Q2 FY25), marking significant milestones in its journey towards becoming a leading MSME-focused lender. The company has reached a total AUM of INR 10,200+ crore, growing from INR 2,970 crore in March 2022, underscoring its accelerated growth trajectory and investment in DataTech infrastructure. During Q2 FY25, UGRO Capital achieved several lifetime ...
Ugro Capital has reached a total aum of INR 10,200+ cr milestone in Q2 FY25, growing from INR 2,970 crore in March 2022
Ugro Capital has reached a total aum of INR 10,200+ cr milestone in Q2 FY25, growing from INR 2,970 crore in March 2022
Source: PR Agency
2024-10-11 12:51:47 pm
Ugro Capital Unveils second edition of MSME Sampark Report, reinforcing the positive outlook on MSMES & Emphasizing `MSME Achha Hai` UGRO Capital, a leading DataTech NBFC focused on MSME lending, in collaboration with Dun & Bradstreet announced today the release of the second edition of the MSME Sampark – a Bi-annual report on the latest in MSME Lending ecosystem. The report offers critical insights into the recovery of India's MSME sector, particularly in the aftermath of the COVID-19 pandemic, and showcases the sector’s pivotal role in India's economic growth as the country progresses toward its g...
Ugro Capital Unveils second edition of MSME Sampark Report, reinforcing the positive outlook on MSMES & Emphasizing `MSME Achha Hai`
Ugro Capital Unveils second edition of MSME Sampark Report, reinforcing the positive outlook on MSMES & Emphasizing `MSME Achha Hai`
Source: PR Agency
2024-09-22 05:09:15 pm
Rajasthan CM invites Japanese business community to invest in his state A high-level delegation led by Rajasthan Chief Minister Bhajan Lal Sharma on Wednesday was in the Japanese capital Tokyo as part of the preparations for the Rising Rajasthan Global Investment Summit 2024, which is scheduled to take place from December 9-11 in Jaipur.  Speaking during a meeting with the investors, the Chief Minister urged them to invest in Rajasthan. "We are looking forward not just to investments but to a lasting and long-term partnership with Japan. With your...
Rajasthan CM invites Japanese business community to invest in his state
Rajasthan CM invites Japanese business community to invest in his state
Source: IANS
2024-09-12 09:54:09 am
Trade Connect e-Platform to help achieve $1 trillion merchandise export target: Union Commerce Minister Reiterating the $1 trillion merchandise and $1 trillion services export target for 2030, Union Commerce Minister Piyush Goyal said on Wednesday that the target can be achieved with the new ‘Trade Connect e-Platform.’  The platform is a single window initiative that is fast, accessible and transformational as it will enable exporters to add newer markets. “The e-Platform will enable India increase its global market share and aid small businesses. It can also help s...
Trade Connect e-Platform to help achieve $1 trillion merchandise export target: Union Commerce Minister
Trade Connect e-Platform to help achieve $1 trillion merchandise export target: Union Commerce Minister
Source: IANS
2024-09-12 09:20:48 am
Telangana to soon unveil policy for MSME sector The government of Telangana will soon come out with a policy for the Micro Small and Medium Enterprise (MSME) sector, minister for industry and information technology D. Sridhar Babu said on Monday.  Addressing the conclave on MSMEs & Inclusive Growth organised by the FICCI Ladies Organisation (FLO), he said the policy will be placed in the Assembly during its next session. He sought suggestions from Industry for drafting the policy, which will focus on the inclusive growth...
Telangana to soon unveil policy for MSME sector
Telangana to soon unveil policy for MSME sector
Source: IANS
2024-06-25 11:15:36 am
MAS Financial Services raises Rs 500 cr via QIP MAS Financial Services, specialised in micro, small & medium enterprises (MSME) financing, on Monday, announced that it raised Rs 500 crore through qualified institutional placement (QIP).  This QIP marks the first equity raise by the company since its initial public offering (IPO) in 2017. "I welcome all the investors & deeply appreciate their trust and confidence while reaffirming our commitment to deliver robust financial performance by maintaining our trajector...
MAS Financial Services raises Rs 500 cr via QIP
MAS Financial Services raises Rs 500 cr via QIP
Source: IANS
2024-06-24 04:29:43 pm
`ONDC will become a formidable e-commerce player in near future` The government-run Open Network for Digital Commerce (ONDC) is set to become a formidable e-commerce player in the near future, said ONDC MD and CEO T Koshy on Monday. In an interview with IANS, Koshy said that the good traction the platform received in the last 15 months proves that ONDC has the potential to completely transform the e-commerce landscape. “We definitely will become a formidable e-commerce player in the near future. We will have the complete transformational capabi...
`ONDC will become a formidable e-commerce player in near future`
`ONDC will become a formidable e-commerce player in near future`
Source: IANS
2024-06-10 04:13:49 pm
Telangana to unveil policies for six industrial sectors The Telangana government will formulate six new policies for industrial development, including one for the MSME sector and one for exports, it was announced on Tuesday. A new life sciences policy, a revised policy for electric vehicles, a medical tourism policy, and a green energy policy will also be unveiled. This was decided at a review meeting that Chief Minister A. Revanth Reddy held on Tuesday with officials of the Telangana State Industrial Infrastructure Corporation. He sugges...
Telangana to unveil policies for six industrial sectors
Telangana to unveil policies for six industrial sectors
Source: IANS
2024-05-22 10:22:02 am
SIDBI and Airbus Helicopters sign an MoU for helicopter financing in India  Airbus Helicopters and Small Industries Development Bank of India (SIDBI), the Government of India’s principal financial institution for promoting, financing and developing the Micro, Small and Medium Enterprise (MSME) sector, have signed a Memorandum of Understanding (MoU) for financing the purchase of Airbus’ helicopters in India. The MoU was signed by Rahul Priyadarshi, Chief General Manager, SIDBI and Sunny Guglani, Head of Airbus Helicopters, India and South Asia. Un...
SIDBI and Airbus Helicopters sign an MoU for helicopter financing in India
SIDBI and Airbus Helicopters sign an MoU for helicopter financing in India
Source: PR Agency
2024-05-21 10:49:02 am
PTC Industries gains on inking pact to incorporate SPV PTC Industries is currently trading at Rs. 7328.85, up by 79.80 points or 1.10% from its previous closing of Rs. 7249.05 on the BSE. The scrip opened at Rs. 7235.35 and has touched a high and low of Rs. 7389.20 and Rs. 7196.80 respectively. So far 478 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 9538.75 on 08-Feb-2024 and a 52 week low of Rs. 2234.00 on 16-May-2023. Last one week high and low of the scrip st...
PTC Industries gains on inking pact to incorporate SPV
PTC Industries gains on inking pact to incorporate SPV
Source: Accord Fintech
2024-05-08 02:05:57 pm
Klub teams up with U GRO Capital to aid INR 150 crores funding to bridge the MSME credit gap in India Klub, Asia’s leading Revenue based Financing platform, today announced that it has partnered with U GRO Capital, a leading DataTech NBFC focused on MSME lending, to disburse INR 150 crores aimed at bridging the credit gap for Micro, Small, and Medium Enterprises (MSMEs) in India. This collaboration marks a significant step towards providing fast, founder-friendly, and flexible debt financing solutions to digital businesses nationwide.   Through this partnership, Klub and...
Klub teams up with U GRO Capital to aid INR 150 crores funding to bridge the MSME credit gap in India
Klub teams up with U GRO Capital to aid INR 150 crores funding to bridge the MSME credit gap in India
Source: PR Agency
2024-04-17 02:47:33 pm
NABARD projects Credit Potential of Rs 2.37 lakh cr for FY 2024-25 in Kerala NABARD has projected a Credit Potential of Rs 2.37 lakh crore under priority sector to be financed by all banks in Kerala for the 2024-25 financial year. This was discussed at the State Credit Seminar conducted by NABARD under the chairmanship of Kerala Chief Secretary, Dr V. Venu. At the meeting attended by various bankers and numerous departmental heads, it was found out that the agriculture sector constituted 52 per cent of the total projection for priority sector. To boost the ag...
NABARD projects Credit Potential of Rs 2.37 lakh cr for FY 2024-25 in Kerala
NABARD projects Credit Potential of Rs 2.37 lakh cr for FY 2024-25 in Kerala
Source: IANS
2024-01-13 04:19:34 pm
U GRO Capital and Laghu Udyog Bharati to Elevate MSMES in Bikaner U GRO Capital, a leading DataTech NBFC focused on MSME lending, reaffirms its commitment to empower Micro, Small, and Medium Enterprises (MSMEs) in Rajasthan. In collaboration with Laghu Udyog Bharati, the Company is set to host a seminar in Bikaner as part of their nationwide initiative, aimed at educating small businesses on government schemes and promoting digital credit. This event marks the second in the state of Rajasthan and is part of a series of 100 planned seminars across India. Thi...
U GRO Capital and Laghu Udyog Bharati to Elevate MSMES in Bikaner
U GRO Capital and Laghu Udyog Bharati to Elevate MSMES in Bikaner
Source: PR Agency
2024-01-07 05:46:35 pm
Khadi opens outlet at IIT-Delhi with breathable, attractive clothes for the young In an endeavour to introduce Khadi to young people, the Khadi and Village Industries Commission (KVIC) inaugurated a newly-renovated Khadi India outlet at the IIT- Delhi campus on the occasion of Gandhi Jayanti.Manoj Kumar, Chairman-KVIC launched the outlet in the IIT shopping complex and said that Prime Minister Modi had emphasised the role of khadi in his address at the G20 University Connect Finale at Bharat Mandapam on September 26.He said that Modi asked the youth of India to show their ...
Khadi opens outlet at IIT-Delhi with breathable, attractive clothes for the young
Khadi opens outlet at IIT-Delhi with breathable, attractive clothes for the young
Source: IANS
2023-10-02 01:55:04 pm