MSME sector 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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SIDBI – D&B SPeX

Small Industries Development Bank of India (SIDBI) and Dun & Bradstreet have recently inked a Memorandum of Understanding (MoU) to create the SIDBI-D&D Sustainability Perception Index (SIDBI – D&B SPeX). Key facts The SIDBI – D&B SPeX will be released every quarter to nudge businesses towards adopting Environmental, Social and Governance (ESG) framework in their ..

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Mega International Summit on MSMEs’ Competitiveness and Growth

A two-day international summit on MSMEs’ Competitiveness and Growth is being organized by the Ministry of Micro, Small, and Medium Enterprises (MSME) in cooperation with the Entrepreneurship Development Institute of India, Ahmedabad from 29th March 2022 in New Delhi. Who will be attending this summit? This summit is going to be attended by academicians, 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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Facebook India launched ‘Small Business Loans Initiative’

Facebook India has launched a new initiative called the “Small Business Loans Initiative” on August 20, 2021. Key Facts This initiative was launched in partnership with online lending platform, Indifi. It will extend help to small and medium businesses (SMBs) who advertise on Facebook in order to get quick access to credit with the help ..

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GoI forms five task forces to revive MSME sector

On September 23, 2020, the Government of India formed five task forces in five different key areas to boost the MSME sector in the country. The task forces will make the micro, small and medium enterprises (MSME) future ready. It will create concrete strategies in making the country a lead exporter. About the Task Force ..

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