MSMEs Current Affairs, GK & News

Kerala ‘Year of Enterprises’ Project

January 11, 2023

The Kerala government’s ‘Year of Enterprises’ project has been selected as a best practices model in the thrust on Micro, Small, and Medium Enterprises (MSMEs) session during the recent Chief Secretaries National Conference held in the national capital. The project, which began in the current fiscal, aimed at creating one lakh enterprises in one year. ..

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Union Minister Narayan Rane launches web portal for RAMP

January 11, 2023

In an effort to scale up the implementation capacity and coverage of Micro, Small, and Medium Enterprises (MSMEs) in the country, the Minister of MSMEs, Narayan Rane recently launched the web portal for the Rs 6,062.45 crore World Bank-assisted central government scheme, Raising and Accelerating MSME Performance (RAMP). Key Points The scheme was originally announced ..

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Strengthening of Pharmaceutical Industry (SPI) scheme

March 12, 2022

The guidelines for the scheme “Strengthening of Pharmaceutical Industry (SPI)” were published by the Department of Pharmaceuticals, Ministry of Chemicals, and Fertilizers. Overview of the Scheme The total financial outlay of the scheme is Rs.500 Cr for three years (FY 21-22 to FY 25-26). The scheme aims to support the Pharmaceutical clusters and Micro, Small, ..

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Mastercard-Instamojo tie up to assist MSMEs, Gig workers

June 29, 2021

Mastercard announced a strategic equity investment in Instamojo on June 28, 2021. Key Points Investments in India’s largest full-stack digital solutions provider, Instamojo, is aimed at empowering MSMEs and gig workers. Empowerment will be done by providing easy to use solutions which will help them to rapidly digitize. It will help in setting online stores, ..

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‘At One Click’ Initiative launched by Gujarat Government for MSMEs & Other Bigger Industries

June 27, 2020

For 12,247 Micro, Small, and Medium Enterprises (MSMEs) and bigger industrial units (including the textile industry) in the state, the Gujarat Government on 26th June 2020 has launched an online cash aid initiative. The initiative is named as ‘At One Click’. The initiative was launched by the Chief Minister of Gujarat Vijay Rupani. About the ..

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Scheme with Guarantee Cover worth Rs 20,000 Crore launched for MSMEs

June 24, 2020

This scheme was announced as a part of the AtmaNirbhar Bharat Package by Finance Minister back on 13th May 2020. On 24th June 2020, the Credit Guarantee Scheme for Sub-ordinate Debt (CGSSD) was launched. The scheme is also called as Distressed Assets Fund- Sub- Ordinate Debt for MSMEs. Union Minister of Medium, Small and Marginal ..

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