MSME
RBI expands scope of TReDS platform
The TReDS is Trade Receivables Discounting System. It facilitates finances for MSMEs. The major drawback of the MSME platform is that they are unable to convert the trade receivables into liquid funds. The TReDS mainly addresses this issue. Trade receivable ..
Tags: factoring business • MSME • RBI • Trade Receivable Discounting System • TReDS
Month: Current Affairs - February, 2023
Category: Economy & Banking Current Affairs - 2022
Punjab New Industrial and EV Policy
As the old Industrial Policy has come to an end, the Punjab Government is launching a new Industrial Policy. This is the first industrial policy the ruling government is launching since it came to power. The new Industrial policy will ..
Tags: EV Policy • infrastructure • MSME • Power Sector • Punjab Industrial Policy
Month: Current Affairs - February, 2023
Category: India Nation & States Current Affairs • States Current Affairs
Framework to implement Vivad Se Vishwas-I
During COVID, the GoI had collected a forfeited amount. Forfeited means the loss of something. When someone fails to pay the money he owes, forfeiture occurs. GoI collected forfeited amounts (something like a fine) from companies that failed to oblige ..
Tags: Finance Ministry • forfeiture • MSME • Union Budget • Vivad Se Vishwas
Month: Current Affairs - February, 2023
Category: Economy & Banking Current Affairs - 2022
Ernakulam: First District to register 10,000 new MSMEs
The Kerala Government launched the Enterprises Campaign during its 2022-23 budget. Also, the state government declared the financial year 2022-23 as the Year of Enterprises. This was done to boost the development of the MSME sector in the state. The ..
Tags: Enterprises Campaign • Ernakulum • Kerala • literacy rate • MSME
Month: Current Affairs - January, 2023
Category: Economy & Banking Current Affairs - 2022 • India Nation & States Current Affairs • States Current Affairs
What is “Womaniya” initiative?
The Government e Marketplace (GeM) has launched a new initiative called “Womaniya on GeM” to empower women entrepreneurs and women self-help groups (WSHGs) to sell their products directly to various government ministries, departments, and institutions. The initiative aims to develop ..
Tags: Ecommerce • Entrepreneurship • GenderEquality • GovernmenteMarketplace • MSME
Category: Government Schemes Current Affairs
FIT Rank for MSMEs
TransUnion CIBIL and Online PSB Loans Limited (OPL), under the mentorship of SIDBI, collaborated to launch the FIT Rank for MSMEs. What is FIT Rank? FIT Rank is a comprehensive ranking model that leverages the information obtained from GST, bank ..
Tags: FIT Rank for MSMEs • MSME • MSME loans • MSME sector
Month: Current Affairs - December, 2022
Category: Economy & Banking Current Affairs - 2022
