Growth of MSMEs: Current Affairs, GK & News - 2020-2021

Rajasthan Partners with SIDBI to develop MSMEs

Published: September 12, 2020

Industries Minister Parsadi Lal Meena said that Rajasthan’s Department of Industries and Sidbi partnered on September 12. 2020 to provide financial, technical, marketing and export support to Micro, Small and Medium Enterprises (MSMEs) in the state. Highlights The Small Industries Development Bank of India (Sidbi) has signed a memorandum of understanding (MoU) with Rajasthan Government. ..

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World Bank approves 750 million USD to support Indian MSMEs

Published: July 1, 2020

On June 30, 2020, the world Bank approved 750 million USD of budget support to India. The funds are to be used to support 15 crore MSMEs in the country. Highlights The funds are to be used to strengthen small financing banks, non-banking financial companies. This will help unlock liquidity flow in the country. India ..

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UP announces CMAPS and YUVA schemes during the budget

Published: February 19, 2020

The Uttar Pradesh government on Tuesday announced two new schemes during its budget presentation. Under the proposed ‘Chief Minister Apprenticeship Promotion Scheme (CMAPS)’, youth of the state in MSME units are to given on-job training and employment. A stipend is also to be provided. Yuva Udyamita Vikas Abhiyan (YUVA) hubs are to be set up, ..

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