During last five years, a total of 1,98,736 MSME units were set up and started production with a total investment of Rs. 109.75 crore and employment generation of 6.28 lakh persons in Odisha. Food and Allied sectors follow the Repairing services in terms of units, investment and employment generation. The Micro, Small and medium enterprises (MSMEs) of India are very ...

Union Minister for MSME, Shri Nitin Gadkari has approved a unique employment generation program proposed by Khadi and Village Industries Commission (KVIC) to make India Aatmanirbhar in Agarbatti production. The program named as “Khadi Agarbatti Aatmanirbhar Mission” aims at creating employment for unemployed and migrant workers in different parts of the country while increasing domestic Agarbatti production substantially. The proposal ...

Union Minister for MSME and Road Transport and Highways, Shri Nitin Gadkari  held meeting yesterday via video conferencing with the representatives of the Engineering Exports Promotion Council (EEPC) to discuss on the growth of the sector post the pandemic situation. He motivated the panel by suggesting that even though there are short term difficulties  being faced by each sector of ...

In a historic move, bold initiative and landmark decision, Ministry of Micro, Small and Medium Enterprises (MSME) has come out with a consolidated notification in the form of guidelines for classification and registration of MSMEs. It may be recalled that Ministry had published a Notification on 1st June, 2020 with new criteria for classification of MSMEs based on Investment and Turnover. ...

The Khadi and Village Industries Commission (KVIC), in a first of its kind initiative has begun exploring the untapped but highly profitable venture of sandalwood and bamboo tree plantation for monetization of its assets. Seeking to encourage commercial plantation of sandalwood and bamboo, the KVIC has begun a drive with plantation of 500 saplings each of sandalwood and bamboo at ...

he Central Government’s decision to increase import duty on bamboo sticks from 10% to 25% will open up new avenues of self-employment in the country. Welcoming the decision in a statement issued today, Khadi & Village Industries Commission(KVIC)  has  said that, in the next 8-10 months, at least one lakh new jobs will be created in the Agarbatti industry, a ...

In line with Government of India’s top focus on energising MSMEs in the country, a special meeting of Cabinet Committee on Economic Affairs (CCEA) was convened under the Chairmanship of Prime Minister Shri Narendra Modi, here today, which approved the upward revision of MSME definition and modalities/ road map for laying down effective implementation mechanism for the remaining two announcements ...

Union Minister for MSME and Road Transport and Highways, Shri Nitin Gadkari today said that the government is exploring new financial lending institutions to support small-scale units in terms of financial support. Shri Gadkari said that government is working towards strengthening the NBFCs which will help small businesses to avail easy credit in the coming time. He was speaking at ...

Union Minister for MSME and Road Transport and Highways Shri Nitin Gadkari has said that the relief package announced by the Union Government for different stakeholders/sectors including MSME, labour, agriculture etc. and the new definition of MSMEs will give huge boost to industry. He called for exploring the rating of MSMEs and asked the participants to give suggestions for effective ...

The Khadi and Village Industries Commission (KVIC) has geared up to Prime Minister Shri Narendra Modi’s call to become “vocal for local” and further making it “global”. A day after the Prime Minister’s appeal for encouraging local products, the KVIC issued a slew of guidelines to expedite the implementation of projects under the flagship program PMEGP. KVIC Chairman, Shri Vinai ...