Day: February 19, 2022

Accessories that are EASY,CONVENIENT AND PORTABLE

Some of your favorite accessories are the ones you reach for again and again, those items that are portable, easy, and convenient. When shopping for accessories for everyday use, special events, or travel, several factors stand out. The following tips will help you identify accessories that will make your life easier.

    • Easy. Ease of use is a top consideration in everyone’s favorite, go-to accessories. Be it a wallet with just the right number of slots, a purse with pockets in just the right place, or a smartphone case that doubles as an ID holder, the right accessories make your life easier. If you’re a smokeless tobacco user, a portable spittoon that can be open and shut with one hand makes it easy to enjoy smokeless tobacco on the go. The portable spittoon from Atlanta-based FLASR features a one-hand operational design for ease of use.

    • Convenient. Everyone wants accessories that are convenient. Smokeless tobacco users seeking a convenient spittoon for on-the-run use will appreciate the latest product from FLASR. The 4-ounce portable spittoon is designed to stay securely shut to minimize the risk of spills and leaks when not in use, and the one-hand, open/close feature is engineered to help maximize convenience and discreet use while on the go.

    • Portable. The right accessories will enhance your life, not hinder it. Otherwise, what’s the point? To that end, nothing gets in the way of having a good time on a date or at a party like a poorly designed purse that falls open, a wallet that won’t close, or a smartphone case that’s bulky. For smokeless tobacco users, portability is paramount if they want to have a subtle spittoon on hand in order to enjoy dip, chew or snuff at an event away from home. FLASR’s single-hand design and 4-ounce size is designed to fit in a pocket for easy, subtle storage that won’t attract attention.

• Personal. Of course, the best accessories are the ones that let you showcase your personality and style, such as that unique handbag, or customized smartphone case. Smokeless tobacco users seeking a portable spittoon have a choice of several designs

FINANCIAL ASSISTANCE TO MSMEs DURING COVID

 The  Government of India has launched Self Reliant India (SRI) Fund, a fund of funds which aims to extend growth funding to MSMEs.   

The highlights of SRI Fund are as under:-  

  • To provide funding support to Daughter Funds for onward provision as growth capital through equity, quasi-equity and debt (as permitted under relevant SEBI guidelines).
  • To support faster growth of MSMEs and thereby ignite the economy and create employment opportunities.
  • To support MSMEs to graduate beyond the MSME bracket and become National/International Champions.
  • To support MSMEs which help making India self-reliant by producing relevant technologies, goods and services.
  • Daughter Funds which are interested in investing in MSMEs shall be empanelled.
  • 20% of the funds invested in MSMEs shall be provided by SRI Fund.
  • MSMEs as per the definition given in the MSMED Act shall be eligible provided, after assessment, they are found viable, have a positive growth trajectory, and have a defined business plan for growth. Previous 3 years CAGR will be considered.
  • Non Profit institutions, NBFCs, financial inclusion sector, micro credit sector and other financial intermediaries shall not be eligible for consideration.

Assuming an average investment of Rs. 10.00 Crore per MSMEs, approximately 5000 MSME are likely to be benefited.   

The financial support under this scheme intends to increase the financial capacity of viable MSMEs for growth to expand their business and become National/International Champions.   

The scheme is being implemented by a special purpose vehicle named “NSIC Venture Capital Fund Limited”. As informed by NSIC Venture Capital Fund Limited, a Commitment of Rs.1,080 crore has been approved so far.