Scheme of Fund for Regeneration of Traditional Industries (SFURTI)

The main objectives of the scheme is to organize the traditional industries and artisans into clusters in order to make them competitive and provide support for their long- term sustainability The scheme would cover three types of interventions: ‘Soft Interventions’, ‘Hard Interventions’ and ‘Thematic Interventions’. The 7 project outlay for … Continue reading “Scheme of Fund for Regeneration of Traditional Industries (SFURTI)”

MSME – Other Initiatives

MSME SAMADHAAN Portal MSME Delayed Payment Portal – MSME Samadhaan (https://samadhaan.msme.gov.in) has been launched empowering micro and small entrepreneurs across the country to directly register their cases relating to delayed payments by Central Ministries/ Departments/ CPSEs/ State Governments. Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 contains provisions to … Continue reading “MSME – Other Initiatives”

CREDIT GUARANTEE FUND TRUST FOR MICRO AND SMALL ENTERPRISES (CGTMSE)

Ministry of Micro, Small and Medium Enterprises and Small Industries Development Bank 4 of India (SIDBI) jointly established a Trust named Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) in order to implement Credit Guarantee Scheme for Micro and Small Enterprises (MSEs). The corpus of CGTMSE is contributed … Continue reading “CREDIT GUARANTEE FUND TRUST FOR MICRO AND SMALL ENTERPRISES (CGTMSE)”

Credit Linked Capital Subsidy Scheme for Technology Upgradation (CLCSS)

The objective of CLCSS is to facilitate technology to MSEs through institutional finance for induction of well established and proven technologies in the specific sub-sector/products approved under the scheme Upfront subsidy of 15% on institutional Credit upto Rs. 1.0 Crore (i.e. subsidy cap of Rs. 15.00 lakh) for identified sectors/ … Continue reading “Credit Linked Capital Subsidy Scheme for Technology Upgradation (CLCSS)”

Prime Minister’s Employment Generation Programme (PMEGP)

The scheme aims to generate employment opportunities in rural as well as urban areas of the country through setting up of new self-employment ventures /projects/micro enterprises. Another objective is to provide continuous and sustainable employment to all segments of traditional and prospective artisans and rural/urban unemployed youths in the country, … Continue reading “Prime Minister’s Employment Generation Programme (PMEGP)”

LLP & LLP Compliance

A Limited Liability Partnership firm (LLP) is a hybrid structure between a partnership firm & a private limited company where the business is carried out in a corporate framework, guided by terms of the mutually adopted partnership deed.  Limited Liability Partnership (LLP) in India took shape after January 2009, making … Continue reading “LLP & LLP Compliance”