Micro, Small and Medium Enterprises Sector will be Revamped Technology Centre Network to be Established

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..... Micro, Small and Medium Enterprises Sector will be Revamped Technology Centre Network to be Established - News and Press Release Dated:- 10-7-2014 - News - 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 .....

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..... in 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 fu .....

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..... nd of ₹ 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. - News - Press release - PIB Tax Management India .....

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..... - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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