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Rs 68311 Cr. Disbursed under Emergency Credit Line Guarantee Scheme to the MSMEs

July 17, 2020

As per the data released by the Ministry of Finance, the Private and Public Sector banks in India have disbursed around Rs 68311 Cr. under the Emergency Credit Line Guarantee Scheme to the Micro, Small and Medium Enterprises in the ..

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Weavers Samman Yojana launched by Karnataka

July 6, 2020

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 ..

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World Bank approves 750 million USD to support Indian MSMEs

July 1, 2020

On June 30, 2020, the world Bank approved 750 million USD of budget support to India. The funds are to be used to support 15 crore MSMEs in the country. Highlights The funds are to be used to strengthen small ..

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June 27: International MSME Day

June 27, 2020

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 ..

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KVIC launches Bamboo and Sandalwood Plantations initiative

June 26, 2020

On June 25, 2020, the Khadi and Village Industries Commission launched sandalwood and bamboo plantation in order to monetize the assets. Highlights KVIC began its drive of plantation by planting 500 saplings of bamboo and sandalwood at its Nashik training ..

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Defence Conclave, 2020 in Gujarat

June 26, 2020

On June 25, 2020, the Raksha Rajya Mantri Shri Shripad Naik inaugurated a two-day Defence Conclave 2020 in Gujarat. Highlights The minister addressed the conference virtually. The conclave was organized by the Confederation of Indian Industry and Society of Indian ..

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Atma Nirbhar Uttar Pradesh Rojgar Abhiyan launched

June 26, 2020

On June 26, 2020, PM Modi launched Atma Nirbhar Uttar Pradesh Rojgar Abhiyan. UP is one of the 6 states chosen where the Garib Kalyan Rojgar Abhiyan is to be implemented. The other 5 states include MP, Maharashtra, Bihar, Odisha ..

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Pradhan Mantri Mudra Yojana

June 25, 2020

On June 24, 2020, the Union Cabinet under PM Modi approved the scheme for interest subvention of 2% to all Shishu loans under Pradhan Mantri Mudra Yojana (PMMY). Highlights The scheme is to be extended to loans that will meet ..

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KVIC taps Indian Palm Industry

June 17, 2020

The Khadi and Village Industries Commission is to roll out a project to produce Palamgur and Neera. The initiative is to generate huge employment. Highlights Neera is to be introduced as a substitute for soft drinks. This will create self ..

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Rs 14,690 Crore disbursed under Emergency Credit Line Guarantee Scheme

June 13, 2020

On June 12, 2020, the Ministry of Finance announced that the public sector banks have so far disbursed Rs 14,690 crores for the MSMEs under the Emergency Credit Line Guarantee Scheme (ECLGS). Highlights The credit line of ECLGS is the ..

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