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ADB assures 2.2 billion USD loan to India
India had earlier approached Asian Development Bank and Asian Infrastructure Investment Bank for loans to fight against COVID-19. With India’s request, the ADB has assured a loan of 2.2 billion USD. Highlights The funds are to be used to help ..
Month: Current Affairs - April, 2020
SAFE Scheme: SIDBI provides working capital of Rs 1 crore to MSME
On April 8, 2020, the Small Industries Development Bank of India announced that it will provide emergency working capital of Rs 1 crore to small and medium enterprises. SAFE Scheme The SIDBI launched SAFE scheme on March 26, 2020. The ..
Month: Current Affairs - April, 2020
CII sets up COVID-19 Rehabilitation and Relief Fund
The Confederation of Indian Industries has set up funds to assist rehabilitation of micro, small and medium enterprises. The fund is to be raised from the members of the confederation. Highlights The MSMEs are the most affected sectors due to ..
Month: Current Affairs - March, 2020
Recapitalization of Regional Rural Banks approved by Union Cabinet
The Union Cabinet under the chairmanship of PM Modi on March 25, 2020, approved the recapitalization of regional rural banks (RRB) to improve the capital to risk weighted assets ratio. Highlights The Committee approved the continuation of recapitalization of RRBs. ..
Month: Current Affairs - March, 2020
Khatabook enters into strategic partnership with Dhoni
Business application Khatabook entered into a strategic partnership with former Indian cricket team captain Mahendra Singh Dhoni. M.S.Dhoni is set to invest in the firm and also serve as their brand ambassador. Khatabook is an application which helps MSMEs to ..
MSME ministry organises ‘Conference on Empowering Women Entrepreneurs’
The three-day conference called ‘Conference on Empowering Women Entrepreneurs’ has been organised by the Union Ministry of MSME in collaboration with various industry bodies like FICCI-flo, CII and India SME Forum, in New Delhi. Union MSME Minister Nitin Gadkari inaugurated ..
Solar Charkha Mission
The workings of the Solar Charkha Mission was recently discussed by the Union Minister for MSME in the Lok Sabha. About the Mission The Solar Charkha Mission was launched in 2018 by the Union Ministry of Micro, Small and Medium ..
Odisha signs MoU with HDFC to strengthen start-ups
The state government of Odisha recently signed a memorandum of understanding (MoU) with HDFC Bank, to strengthen its start-ups. Under the agreement signed between the Micro Small & Medium Enterprises (MSME) department of Odisha and the bank, HDFC would lend ..
“Apiary on Wheels” launched: A Unique Concept to help bee keeping, achieve National Honey Mission
On February 13, 2020, the Ministry of MSME (Micro, Small and Medium Enterprises) launched “Apiary on Wheels”. It is a unique concept framed by KVIC (Khadi and Village Industries Commission). The main aim of “Apiary on Wheels” is to make ..
Month: Current Affairs - February, 2020
Atal Innovation Mission joins with several ministries to stimulate innovation in India
On February 5, 2020, the Atal Innovation Mission (AIM) joined hands with several ministries such as MSME, agriculture, food processing and also with NITI Aayog to stimulate innovation in India. The mission aimed to showcase government funded innovations. Highlights In ..