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Atal Incubation Center

Atal Incubation Centre (AIC) set up at Shiv Nadar University with the support of Atal Innovation Mission NITI Aayog with the aim of serving as an active catalyst for the development of promising entrepreneurs. It is a step to assist budding entrepreneurs in their start up journey and to support developing start up eco system in India.

The Government of India setup the Atal Innovation Mission (AIM) at NITI Aayog in 2016 with the overarching purpose of promoting a culture of innovation and entrepreneurship in the country. This was done to address the need to create high-class incubation facilities across various parts of India with suitable physical infrastructure in terms of capital equipment and operating facilities, coupled with the availability of sectoral experts for mentoring the start-ups. The identified sectors included manufacturing, transport, energy, health, education, agriculture, water and sanitation etc.

Banks Can Approve Loans up to 1 Crore to MSMEs Within an Hour: Government

The government is keen to push funding to small businesses through schemes like MUDRA as it sees them as an engine of growth and a generator of jobs

Are you an entrepreneur but worried about the initial funding? Well, good news has arrived! Finance minister, Arun Jaitley has launched a new portal to approve loans for micro, small and medium enterprises (MSMEs). The new portals will fast-track the process of approving the funding up to Rs 1 crore to MSMEs within 59 minutes without visiting the branches.

How to Get Loan Approved

Will RBI's Loan Restructuring Scheme Have a Significant Impact on MSME Growth?(by Aastha Singhal)

As of January 2019, RBI has permitted a one-time restructuring of existing loans to MSMEs

In a relief to India’s crucial micro, small and medium enterprises (MSMEs), the Reserve Bank of India (RBI) has introduced a one-time loan restructuring scheme for the borrowers with the total fund and non-fund based exposure of up to INR 25 crore. RBI stressed that the scheme is applicable only for enterprises that are default but ‘standard’.