Growth of MSMEs Current Affairs, GK & News

Odisha to set up “Investment Promotion Agency” in all districts

Government of Odisha has decided to set up district-level industry and investment promotion agencies in all the districts of state. Key points Such agencies would be set up in a bid to create more economic opportunities across the state. This decision was taken at a high-level meeting, chaired by Chief Secretary SC Mohapatra. What are ..

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Mastercard-Instamojo tie up to assist MSMEs, Gig workers

Mastercard announced a strategic equity investment in Instamojo on June 28, 2021. Key Points Investments in India’s largest full-stack digital solutions provider, Instamojo, is aimed at empowering MSMEs and gig workers. Empowerment will be done by providing easy to use solutions which will help them to rapidly digitize. It will help in setting online stores, ..

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Govt simplifies MSME registration process

Minister for Road Transport & Highways and Micro, Small and Medium Enterprises, Nitin Gadkari has simplified the of process for registration of Micro, Small & Medium Enterprises. Key Points MSMEs will only require PAN and Aadhaar for registration. One the MSMEs are registered, they will be getting priority and finance. No new training will be ..

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Rajasthan Partners with SIDBI to develop MSMEs

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

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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