Topic: MSME
Indian MSMEs Generate Around 10 Crore Jobs in 15 Months
India’s micro, small, and medium enterprises (MSMEs) have experienced remarkable growth recently. Official data from the Udhayam Portal reveals that they have generated nearly 10 crore new jobs...
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...
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...
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...
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...
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... 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...
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...
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...
KVIC launches 72 units under PMEGP
The Union MSME minister Narayan Rane recently inaugurated 72 units assisted under the PMEGP and disbursed margin money subsidy to 720 PMEGP beneficiaries. What is PMEGP? The Prime...
HDFC – first to issue electronic bank guarantee
The HDFC Bank, the largest private sector bank in India, became the first bank in the country to issue an Electronic Bank Guarantee (e-BG). Key facts The HDFC...
