Why India needs a Bharat Fund beyond the existing VC ecosystem
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Last Updated: Feb 20, 2021, 10:24 AM IST
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Synopsis
MSMEs play a pivotal role in bolstering the economy and, therefore, need to be carefully nurtured with policies and regulations which will help and sustain them.
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There is a need for Regional Exchanges to take the lead in funding MSMEs to help in putting money in the hands of small entrepreneurs based on their business size and requirement.
The COVID-19 pandemic has had a devastating effect on India’s economy, especially the Micro, Small and Medium Enterprise (MSME) sector. Employing over 100 million people, the sector’s revenue was severely impacted owing to working capital issues, disruption in their supply chain, delay in payments, and shortage of labour. The ensuing liquidity challenges continue to put the sector at risk of operating at subdued scale but innovative policy interventions like the introduction of “Funds of Fu
Bedford, Nova Scotia (Newsfile Corp. - February 19, 2021) - Atlantic Industrial Minerals Incorporation (NEX: ANL.H) (the Company ) is pleased to announce that it has agreed to settle and aggregate of $491,057.90 of indebtedness owed to certain arm s length and non-arm s length creditors through the issuance of an aggregate of 9,821,158 common shares ( Common Shares ) of the Company at a deemed price of $0.05 per Common Share (the Debt Settlement ). Of this amount, $205,000.00 of indebtedness relates to the provision of management fees and loans for an aggregate of 4,100,000 Common Shares, which will be issued to the Company s Chief Financial Officer and director.
In addition, the Company is pleased to announce that it intends to change the name of the Company to Sylla Gold Corp. , or such name as the directors of the Company may determine and as may be acceptable to the Director appointed under the Canada Business Corporations Act (the
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