Growth of MSMEs Current Affairs, GK & News

Self Reliant India (SRI) Fund

The Indian Government’s Self Reliant India (SRI) Fund committed Rs.5,000 crore in a year. What is SRI Fund? Self Reliant India (SRI) Fund is Rs.10,000 crore fund launched by the Indian Government. It is a SEBI-registered category-II Alternative Investment Fund (AIF) that was launched by the Indian Government to provide growth capital to MSME Sector. It ..

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Kerala’s Draft Industrial Policy

Kerala recently unveiled a draft industrial policy. Key features The new industrial policy would be released in January 2023 and it will be effective from April 1 of the same year. The draft industrial policy focuses on upgradation of skills required for the jobs of future, industries and technologies of the Industrial Revolution 4.0 and ..

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SC-ST Hub Conclave

The MSME ministry organized a national SC-ST hub conclave in Gujarat. Key facts The Ministry of Micro, Small and Medium Enterprises (MSME) organized the event on September 28 to raise awareness about the National SC-ST Hub (NSSH) scheme and other schemes of the union ministry. The event witnessed the participation of more than 300 entrepreneurs ..

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Raising and Accelerating MSME Performance (RAMP) Programme

During the Union Budget 2022-23 presentation, the finance minister Smt Nirmala Sitaraman announced that RAMP programme is to be rolled out at an estimated cost of Rs 6,000 crores. The programme is to be implemented for 5 years. About the programme RAMP is a post COVID resilience and recovery programme. It aims to improve the ..

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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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