
IndusInd Bank signs MoU with Department for Promotion of Industry and Internal Trade
The collaboration offers start-ups, innovators and entrepreneur tailored banking solutions, including cash management, working capital, and credit facilities. A key feature is enhanced support under the Credit Guarantee Scheme for Startups (CGSS), allowing collateral-free loans with a raised guarantee cover of up to ₹20 crore for DPIIT-recognised start-ups. Additionally, the guarantee fees for debt funding in 27 Champion Sectors has been reduced to further ease access to credit. These measures help start-ups mobilise capital and invest in advanced technologies and manufacturing.
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Hans India
2 hours ago
- Hans India
Be part of PM Modi's Viksit Bharat-2047 vision: Kishan
Hyderabad: Union Minister for Coal and Mines, G Kishan Reddy said the Centre under Prime Minister Narendra Modi has so far issued appointment letters to 10.50 lakh youths in the last 15 Rozgar Melas. An additional 51,000 appointment letters have been issued during the 16th Rozgar Mela on Saturday. Addressing the 16th Rozgar Mela held in Rail Kakal Rang on Saturday, he said those who are receiving letters of appointment would be the main partners in the programmes of the country for the next 25 years. He said the strength of the country is in having the largest youth population in the world, and it has further increased the responsibility towards the country and opened doors to wider opportunities. The Union Minister said that it was due to the power of youth that the country has become the fourth largest economy, and is heading to become the third largest economy in the world. In the last 11 years, he said the Modi's government has not only taken steps to create jobs but also to make them partners in the development of the country in all sectors. In its bid to make youth become job creators rather than waiting for jobs, the Centre has taken several initiatives like Startups, skilling, and other schemes to empower the youth. Startup India is providing youth with industrial ideas and encouraging them. More than 1.60 lakh startups have been formed in the country through the Startup India scheme and 17.6 lakh people have been employed in 11 years. Most of these 1.6 lakh-plus startups are in secondary and tertiary cities scripting an inspiration for others, he added. As a result, 'Since 2017, 8.5 crore people have been given new jobs. EPFO calculations reveal th ese details. Since 2020, more than 3.5 crore youth, aged between 18 and 28 years, have registered with EPFO. In the 2025 financial year alone, 1.13 crore people joined EPFO.' he added/ Besides, the world's largest social security program is running in India. About 64 per cent of the Indian population receives benefits as part of social security. He listed out the schemes unveiled to support women through Mudra Yojana and the Lakh Pati Didi program. As a result of such schemes.. Women's Labor Force Participation Rate (LFPR) has increased from 23 per cent in 2017-18 to 41.7 per cent in 2023-24.


Time of India
9 hours ago
- Time of India
Auric will get 10,000 acres for expansion, says secretary of department for promotion of industry & internal trade
Chhatrapati Sambhajinagar: Amardeep Singh Bhatia, the secretary of Centre's department for promotion of industry and internal trade (DPIIT) at the Centre, announced on Saturday that the Aurangabad Industrial City (Auric) will undergo further expansion on 10,000 acres of land. "Auric will play a key role in the path to achieving a $30 trillion economy for India by 2047. It has been playing a pioneering role by emerging as a vibrant manufacturing hub," Bhatia said during his visit to Auric at Chhatrapati Sambhajinagar. Auric is a greenfield industrial smart city taking shape over 10,000 acres as part of the Delhi-Mumbai Industrial Corridor (DMIC). The industrial city is being developed in Bidkin and Shendra nodes, with the Bidkin node already attracting significant investments from electric vehicle manufacturers, among others. Bhatia added that Centre plans to establish 100 additional industrial cities like Auric across the country. "In order to achieve the $30 trillion economy target, we have to grow at the rate of 9 to 10% every year. The development of manufacturing hubs is crucial to achieve this," he said. P Anbalagan, the principal secretary of the state industries department, who accompanied the Union secretary, said, "The necessary notification would be issued in the next two to three months, paving the way for the expansion of the AURIC." Bhatia also visited the Marathwada Accelerator for Growth and Incubation Council (MAGIC), emphasising that Indian startups should focus on building world-class products. "The Indian startups need to focus not just on India but on global markets. The country has emerged as the third-largest startup ecosystem globally," he said, praising MAGIC for securing more than 20 patents for startups and supporting tier-2 and tier-3 cities. Speaking on the occasion, Anbalagan announced that 15 new policies would soon be introduced by state govt, covering sectors such as defence, event management, logistics, deep technology, and special MSME support. "Funding worth Rs 3,000 crore will be made available across various domains for startups. Additionally, the 'MAITRI 2.0' portal will soon be launched, offering approvals for over 120 services through a single-window system," he said.


Time of India
19 hours ago
- Time of India
'Neighbour's envy, owner's pride': Goyal recalls iconic TV ad punchline to hail PM's India vision
Union Minister Piyush Goyal on Saturday opted for the iconic television brand punchline "neighbour's envy, owner's pride" to describe Prime Minister Narendra Modi 's vision of India that encompasses bold economic and developmental initiatives. PM Modi is determined to make India stand tall with pride and admired globally, which will be everyone's envy, the Union Commerce and Industry minister told reporters here. "We want to build a nation that others will look at with envy and will fill us with pride. Do you recall that TV advertisement with the tagline 'neighbour's envy, owner's pride'? That is the kind of India PM Modi is committed to building. His governance has opened up a wealth of opportunities for the country's youth across sectors ranging from self-employment and entrepreneurship to startups and business ventures," Goyal said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 이 게임은 대부분의 TV 프로그램보다 더 재미있어요 – 게다가 무료예요. Raid: Shadow Legends 플레이하기 Undo Schemes like Make in India , Atmanirbhar Bharat , Startup India , Stand Up India or Digital India are all helping India integrate with the world, he said. "Our youths are getting increasingly connected to the nation's economy. India is now among the world's top five economies. In the next two-and-half years, we will become the world's third largest economy. The youth will be the driving force behind this achievement. That is the core message given by PM Modi today," the Mumbai North Lok Sabha MP said. Live Events Attacking the opposition, he said the public was rejecting parties indulging in negativity and failing to focus on national development . "It is a failed opposition. They seem more interested in having a negative mindset than thinking about the country's progress. People do not accept that," Goyal said while responding to a question on the opposition's role. Speaking on ' Maratha Military Landscapes ' being inscribed in the UNESCO World Heritage List, Goyal said it will lead to people from across the world visiting these sites, resulting in a boost to tourism. The 12 components of 'Maratha Military Landscapes' feted by UNECSO on Friday are Salher Fort, Shivneri Fort, Lohgad, Khanderi Fort, Raigad, Rajgad, Pratapgad, Suvarnadurg, Panhala Fort, Vijay Durg, Sindhudurg in Maharashtra and Gingee Fort in Tamil Nadu, all associated with the legendary Chhatrapati Shivaji Maharaj. "I used to hike at Raigad and Lohagad. Now, today's youth will also connect with these historic sites. Chhatrapati Shivaji Maharaj's life continues to inspire and this inspiration will reflect in the career journeys of the youth," Goyal asserted.