SIDBI: Current Affairs, GK & News - 2020-2021

PM SVANidhi Scheme: UP secures the top rank

Published: October 26, 2020

On 26 October, 2020, the Government of India announced that Uttar Pradesh secured the top rank PM SVANidhi Scheme. The state has approved the highest number of loans so far. Highlights Uttar Pradesh government has secured the top ranking in all categories of the PM SVANidhi Scheme. The categories include sanction, applications, disbursements of loans. ..

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Rajasthan Partners with SIDBI to develop MSMEs

Published: September 12, 2020

Industries Minister Parsadi Lal Meena said that Rajasthan’s Department of Industries and Sidbi partnered on September 12. 2020 to provide financial, technical, marketing and export support to Micro, Small and Medium Enterprises (MSMEs) in the state. Highlights The Small Industries Development Bank of India (Sidbi) has signed a memorandum of understanding (MoU) with Rajasthan Government. ..

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Highlights: Loans sanctioned under PM SVANIDHI scheme crosses 1 lakh

Published: August 13, 2020

The micro-credit scheme of the government, PM Street Vendor’s Atmanirbhar Nidhi (PM SVANIDHI) to support the street vendors to meet their working capital requirements to tide over financial woes during the pandemic, has become quite popular in the country. Details Within 41 days of the implementation of the scheme, the number of loan sanctions and ..

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SIDBI, TransUnion CIBIL launch financial knowledge platform for MSMEs

Published: July 31, 2020

The Small Industries Development Bank of India (SIDBI), in association with TransUnion CIBIL, has launched a comprehensive financial education and knowledge platform meant for the micro, small and medium enterprises functioning in the country. Highlights Known as MSMESaksham, this new platform will guide the MSME sector in search of seamless and quick access to finance ..

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

Published: 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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