MSME sector Current Affairs, GK & News

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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Banks sanction loans worth over Rs 1.5 lakh crore under ECLGS for MSME

The finance ministry declared, Public and Private Sector Banks have disbursed loans over Rs 1.5 lakh crore under the Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector. The top three lenders under the scheme are the State Bank of India, Canara Bank, and Punjab National Bank. What is the Emergency Credit Line Guarantee ..

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Weavers Samman Yojana launched by Karnataka

On July 6, 2020, the state Government of Karnataka launched the “Weavers Samman Yojana”. Under the scheme, 19,744 handloom weavers will be assisted financially. Highlights The State Government under the new scheme will transfer Rs 2,000 to the weavers’ accounts through Direct Benefit Transfer. In order implement the scheme, the state government has allocated Rs ..

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June 27: International MSME Day

Every year, the International MSME (Micro, Small and Medium Enterprises) Day is celebrated on June 27 by the United Nations. Highlights The day was declared as MSME day on the 74th Plenary meet of UN General Assembly in 2017. The day is celebrated as MSMEs play vital role in establishing the Sustainable Development Goals. This ..

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