{"id":86288,"date":"2019-10-01T15:53:31","date_gmt":"2019-10-01T10:23:31","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=10539"},"modified":"2019-10-01T15:53:31","modified_gmt":"2019-10-01T10:23:31","slug":"enterprise-development-centres","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/enterprise-development-centres\/","title":{"rendered":"Enterprise development centres"},"content":{"rendered":"\n<p><strong>News:<\/strong>Union micro, small and medium enterprises sector (MSME) minister will launch the enterprise development centres(EDCs).<br><\/p>\n\n\n\n<p><strong>Facts:<\/strong><br><\/p>\n\n\n\n<p><strong>About EDC<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Enterprise Development Centres(EDCs) are aimed at developing a cadre of indigenous entrepreneurs in the MSMEs.<\/li><li>They are planned for every district by the end of the current financial year (2019-20).<\/li><li>The EDCs will be similar to incubators for start-ups.They will be run by special purpose vehicles in partnership with the private sector, business management organisations, local industry associations.<\/li><li>The centre will help new and existing businesses develop by providing services such as management training, and office space among others.<\/li><li>The EDCs will also have enterprise clinics for struggling firms which the government hopes will reduce the number of small businesses falling into a debt trap financed by bank loans.<\/li><\/ul>\n\n\n\n<p><strong>Additional information:<\/strong><br><\/p>\n\n\n\n<p><strong>About MSME\u2019s<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The Micro- Small and Medium Enterprises (MSMEs) are small sized entities defined in terms of their size of investment.<\/li><li>The MSMEs are classified in terms of investment made in plant and machinery if they are operating in the manufacturing sector and investment in equipment for service sector companies.<\/li><li>However,MSME(Amendment) Bill,2018 which has not been passed yet proposes a uniform classification for all MSMEs.<\/li><li>Under the Bill,all MSMEs,whether they are manufacturing or service providing enterprises will be classified on the basis of their annual turnover.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>News:Union micro, small and medium enterprises sector (MSME) minister will launch the enterprise development centres(EDCs). Facts: About EDC Enterprise Development Centres(EDCs) are aimed at developing a cadre of indigenous entrepreneurs in the MSMEs. They are planned for every district by the end of the current financial year (2019-20). The EDCs will be similar to incubators&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/enterprise-development-centres\/\">Continue reading <span class=\"screen-reader-text\">Enterprise development centres<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3127],"tags":[3868,582],"class_list":["post-86288","post","type-post","status-publish","format-standard","hentry","category-economy","tag-enterprise-development-centres","tag-msme","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704957364},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86288","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=86288"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86288\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=86288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=86288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=86288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}