MSMEs
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Opportunity India Desk Nov 08 2024 - 2 min readProfectus Capital, a non-banking financial company that supports MSMEs, secured $25 million (approximately ₹205 crore) through non-convertible debentures (NCDs) issued to the International Finance Corporation (IFC), a World Bank Group. This milestone represents IFC’s inaugural investment in financing energy-efficient (EE) machinery specifically for MSMEs in India. The fund obtained, dubbed green ...
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Nitika Ahluwalia Oct 29 2024 - 3 min readSIDBI is taking several important steps to promote new innovations for MSMEs. First, through the "Srijan" program, MSMEs and startups receive support in developing new technologies. This program provides funding at concessional rates through technical and financial assessments, helping enterprises turn their ideas into reality. Additionally, SIDBI has collaborated with TIFAC to simplify ...
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Nitika Ahluwalia Oct 28 2024 - 5 min readThe Tamil Nadu Small and Tiny Industries Association (TANSTIA) has implemented several significant initiatives to promote the growth and sustainability of MSMEs in the state. One such initiative is training and skill development, where TANSTIA has collaborated with the Tamil Nadu Skill Development Corporation to identify sectors with high employment potential. Under this ...
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Nitika Ahluwalia Oct 22 2024 - 3 min readSkill Council for Green Jobs (SCGJ) is one of the recent initiatives launched by the Government of India, aligned with the National Skill Development Mission. It is promoted by the Ministry of New and Renewable Energy (MNRE) and the Confederation of Indian Industry (CII). The establishment of the SCGJ was approved in the ...
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Nitika Ahluwalia Oct 08 2024 - 4 min readSmall and medium enterprises (SMEs) in India are a vital part of the country's economy. These enterprises not only provide employment but also play a significant role in economic development and innovation. Adopting clean energy technology can be beneficial for these enterprises, but it requires appropriate financial measures. Accelerated Money For U, Founder ...