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GeM inks MoU with SIDBI for MSMEs
Government portal for public procurement GeM (Government e-marketplace) has inked MoU with Small Industries Development Bank of India (SIDBI) to boost MSME ecommerce sales. The MoU aims to enable promotion of special initiatives of GeM, such as Womaniya and Start-up ..
Month: Current Affairs - August, 2019
Manufacturing Sector in India
Manufacturing refers to the process of manufacturing industrial goods in a factory, MSME, home factory etc. The Manufacturing sector of India has gone through several phases of development since independence in 1947 till date. It expanded from the domestic manufacturing ..
Stressed Asset Fund for MSMEs
The U.K. Sinha committee constituted by the Reserve Bank of India (RBI) to study the problems faced by MSMEs has recommended constituting stressed asset fund for domestic micro, small and medium enterprises (MSMEs) as a relief to small businesses hurt ..
Govt Plan to Curb Special Steel Imports
The Ministry of Steel is working on a proposal to impose quality control regulations on tinplate and tin-free steel. The Ministry of Steel is planning to mandate foreign tinplate suppliers to adhere to BIS standards. Mandating impost to be in ..
KVIC distributes more than 1 lakh Bee-Boxes under ‘Honey Mission’
The Khadi and Village Industries Commission (KVIC) distributed more than one lakh bee-boxes among farmers and unemployed youths across India in less than two years under its ‘Honey Mission’ initiative. This is the first time such mass scale distribution of ..
Month: Current Affairs - May, 2019
PSBloansin59minutes.com emerges Largest Fintech Lending Platform
PSBloansin59minutes.com which was launched by Prime Minister Narendra Modi in 2018 has emerged as the country’s largest online lending platform, with loan sanctions exceeding over Rs 35,000 crore. The portal provides credit up to Rs 1 crore to micro, small ..
Month: Current Affairs - March, 2019
New Initiative SWAYATT and GeM Start-up Runway launched
The Union Minister of Commerce and Industries Suresh Prabhu launched SWAYATT (Start-ups, Women and Youth Advantage Through eTransactions) and GeM Start-up Runway. Objectives of SWAYATT SWAYATT will bring together the key stakeholders within the Indian entrepreneurial ecosystem to Government e-Marketplace the ..
Month: Current Affairs - February, 2019
Government Approves Continuation of CLCS-TUS Scheme for MSMEs
The Cabinet Committee on Economic Affairs (CCEA) has approved a three-year extension of the Credit Linked Capital Subsidy and Technology Up-gradation Scheme (CLCS-TUS) for Micro, Small and Medium Enterprises (MSME) with a total outlay of 2,900 crores on 13th February ..
Month: Current Affairs - February, 2019
India Micro, Small, and Medium Enterprises Report 2018: Key Facts
The India Micro, Small, and Medium Enterprises Report 2018 has been released Kochi based Institute of Small Enterprises and Development at the South India MSME Summit 2019 in Bengaluru. Findings of the Report The important findings of the report include: ..
Month: Current Affairs - January, 2019
Vibrant Gujarat Global Summit 2019
Prime Minister Narendra Modi inaugurated the 9th edition of Vibrant Gujarat Summit. On the occasion, the Prime Minister also set the target for breaching into top 50 rankings of the ease of doing business. The three-day Vibrant Gujarat Summit will witness the participation ..