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‘Sambhav’ and ‘Svavlamban’ initiatives

March 5, 2022

‘Sambhav’ and ‘Svavlamban’ are the initiatives to tackle the issue of plastic waste in India. About the initiatives ‘Sambhav’ and ‘Svavlamban’ initiatives were launched by Union Minister of State for Micro, Small and Medium Enterprises (MSMEs), Bhanu Pratap Singh Verma, at ..

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Defence Acquisition Procedure (DAP) 2020

March 4, 2022

Defence Acquisition Procedure (DAP) 2020 promotes self-reliance in defence manufacturing in the spirit of ‘Aatmanirbhar Bharat Abhiyan’. Background of DAP 2020 In 2002, Defence Procurement Procedure (DPP) was initiated to streamline the procurement of military hardware for the Armed Forces ..

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MSME-Technology Centres

February 26, 2022

Narayan Rane, the Union MSME Minister has announced the formation of the MSME Technology Centre at Sindhudurg, Maharashtra. This will be set up at a cost worth Rs 200 crore. Overview: The Konbac Sfurti Cluster in Kudal was also launched. ..

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Raising and Accelerating MSME Performance (RAMP) Programme

February 2, 2022

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 ..

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NIPER Research Portal

January 30, 2022

NIPER is National Institute of Pharmaceutical Education and Research (NIPER). The Ministry of Chemicals has recently launched NIPER Portal to facilitate innovation and research in the pharmaceutical sector. About the Portal The NIPER Research portal will provide the information about ..

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KVIC’s Khadi Handmade Paper Slippers

January 13, 2022

KVIC is Khadi and Village Industries Commission. It operates under Ministry of MSME. It has recently launched hand made use and throw paper slippers and also khadi baby wear slippers. About Khadi baby wear For the first time, the KVIC ..

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PLI scheme for telecom products launched

October 15, 2021

Minister of State of Ministry of Communication, Devusinh Chauhan, launched a Production Linked Incentive Scheme (PLI Scheme) for Telecom & Networking Products on October 14, 2021. Why this scheme was launched in telecom sector? PLI Scheme in telecom sector was ..

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Lok Sabha passes Insolvency and Bankruptcy Code (Amendment) Bill 2021

July 29, 2021

On 28th July, 2021, Lok Sabha has passed the Insolvency and Bankruptcy Code (Amendment) Bill 2021. This Bill replaces the Insolvency and Bankruptcy Code (Amendment) Ordinance 2021 which was implemented on 4th April, 2021. Key Points Insolvency is a situation ..

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Lok Sabha passes Factoring Amendment Bill

July 27, 2021

On 26th July, 2021 the Lok Sabha passed the Factoring Amendment Bill to amend the Factoring Regulation Act 2011. This bill will broaden the scope of the entities which can participate in the factoring business and also will ensure that ..

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Govt announces inclusion of retail and wholesale trades under MSMEs

July 3, 2021

Minister of MSME, Nitin Gadkari, announced on July 2, 2021 about revised guidelines for MSMEs which has included retail and wholesale trade under Micro, Small & Medium (MSME) Enterprises. Key Facts Inclusion of retail & wholesale trades mean that retail ..

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