MSME  In order to enhance availability of equity to MSME sector, it is In order to enhance availability of equity to MSME sector, it is proposed set

up a 5,000 crore India Opportunities Venture Fund with SIDBI. The Small and Medium Enterprises (SMEs) are the building blocks of our economy. They rely primarily on loans from banks and informal sources to raise capital. To enable these enterprises greater access to finance, two SME exchanges have been launched in Mumbai recently. With the objective of promoting market access of Micro and Small Enterprises, Government has approved a policy which requires Ministries and CPSEs to make a minimum of 20 per cent of their annual purchases from MSEs . Of this, 4 per cent will be earmarked for procurement from MSEs owned by SC/ST entrepreneurs. The MSME sector is fertile ground for the production of low-cost medical devices. In order to provide impetus to this sector, it is proposed to reduce basic customs duty to 2.5 per cent with concessional CVD of 6 per cent on specified parts, components and raw materials for the manufacture of some disposables and instruments. Full exemption from basic customs duty and CVD is also being extended to specified raw materials for the manufacture of coronary stents and heart valves. These concessions would be subject to actual user condition.

if so required. with power plants that have entered into long-term Power Purchase Agreements with DISCOMs and would get commissioned on or before March 31.   . 2015.Industrial Development  The Government has approved guidelines for establishing joint venture companies by defence Public Sector Undertakings in PPP mode. This will serve the dual purpose of achieving substantive self-reliance in the defence sector and production of state-of-the-art defence goods. Coal India Limited (CIL) has been advised to sign fuel supply agreements. To address this concern. A proposal has been given to allow External Commercial Borrowings (ECB) to part finance Rupee debt of existing power projects. fuel supply constraints are affecting production prospects. In power generation. An inter-ministerial group is being constituted to undertake periodic review of the allocated coal mines and make recommendations on de-allocations.

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