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The government said preparations are in place to support spacetech startups, with funding rollout likely from the next financial cycle India's dedicated venture capital fund for the space sector is making steady progress, with investments in selected startups expected to begin in the first quarter of FY2027, Union Minister of State for Atomic Energy and Space, Jitendra Singh, has said. The update was provided during the ongoing Budget Session of Parliament, reflecting continued momentum in deve ...Read More >
NEW DELHI, Apr 1: Union Minister of State (Independent Charge) for Science & Technology, Earth Sciences, and MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr. Jitendra Singh today informed the Lok Sabha about "Antariksh Venture Capital Fund", set up to promote Space StartUps and the emerging Spacetech ecosystem. The Minister also added that India's dedicated venture capital fund for the space sector is progressing steadily, with investment in selected StartUps expect ...Read More >
New Delhi [India], February 24 (ANI): The Small Industries Development Bank of India (SIDBI) on Tuesday unveiled the fifth round of its quarterly MSME Outlook Survey for the October-December 2025 quarter, highlighting sequential stability in MSME confidence despite persistent external risks. On financing conditions, the survey recorded an improving trend in access to credit. Optimism regarding working capital availability among manufacturing respondents rose to 46 per cent in the October-Decemb ...Read More >
Sidbi achieved an all-time high net profit of Rs 4,811 crore in FY25, marking a 19.5% increase, with its balance sheet surpassing Rs 5.6 lakh crore. The bank maintained excellent asset quality and approved a 20% dividend. Sidbi remains dedicated to bolstering the MSME sector through digital initiatives, green energy promotion, and expanding its branch network for wider credit access. Small Industries Development Bank of India (Sidbi) on Monday said its net profit rose by 19.5 % to hit an all-ti ...Read More >
Itanagar, Jul 18 (PTI) The National Bank for Agriculture and Rural Development (NABARD) has sanctioned Rs 4,613 crore for 485 infrastructure projects across Arunachal Pradesh. These projects, supported under the Rural Infrastructure Development Fund (RIDF), have significantly contributed to enhancing rural connectivity, irrigation systems, and livelihood generation, NABARD General Manager Damodar Mishra said here on Friday. Also Read | UP's First Conviction in Digital Arrest Scam: Lucknow Cour ...Read More >
NEW DELHI: India is set to roll out a $234 million incentive scheme aimed at boosting domestic production of civil and military drones, in a strategic move to cut dependence on imports and counter Pakistan's growing drone capabilities supported by China and Turkiye, sources told Reuters. India's push to build more home-grown drones stems from its assessment of the four-day clash with Pakistan in May that marked the first time New Delhi and Islamabad utilised unmanned aerial vehicles at scale ag ...Read More >
NEW DELHI: India will launch a $234 million incentive programme for civil and military drone makers to reduce their reliance on imported components and counter rival Pakistan's programme built on support from China and Turkiye, three sources told Reuters. India's push to build more home-grown drones stems from its assessment of the four-day clash with Pakistan in May that marked the first time New Delhi and Islamabad utilised unmanned aerial vehicles at scale against each other. New Delhi will ...Read More >
Mumbai: Receivables Exchange of India Limited (RXIL) - India's leading Trade Receivables Discounting System (TReDS) platform, a joint venture promoted by SIDBI and NSE, along with State Bank of India, ICICI Bank, and Yes Bank, has successfully enabled MSME Invoice Financing of Rs 2 lakh crore. Since its inception in 2017, RXIL has witnessed remarkable growth in invoice financing, scaling from ₹2,000 crore annually to over ₹10,000 crore monthly. The RXIL TReDS platform has facilitated financing ...Read More >
Ahmedabad: On the occasion of the 25th MSME Day, Entrepreneurship Development Institute of India (EDII), Ahmedabad, celebrated the resilience and entrepreneurial spirit of India's Micro, Small, and Medium Enterprises, acknowledging their role as key drivers of grassroots development and national progress by organising 'MSME Talk' at its campus. The highlight of the day was the 'MSME Talk' delivered by Shri R.D. Barhat, Joint Commissioner of Industries, Government of Gujarat, on the theme: 'Trea ...Read More >
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