Page-3 of SIDBI Current Affairs, GK & News

SIDBI launches “Swavalamban Express” to promote business aspirants

On March 19, 2020, the Small Industries Development Bank of India (SIDBI) announced Swavalamban Express. Highlights The Train is to visit 11 entrepreneurial cities. This includes Delhi, Jammu, Mumbai. Ahmedabad, Hyderabad, Bengaluru, Kolakata, Bhubaneswar and Varanasi. During the period, various workshops and programmes are to be organized. The train has been launched to fulfil India’s ..

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GeM inks MoU with SIDBI for MSMEs

Government portal for public procurement GeM (Government e-marketplace) has inked MoU with Small Industries Development Bank of India (SIDBI) to boost MSME ecommerce sales. The MoU aims to enable promotion of special initiatives of GeM, such as Womaniya and Start-up Runway, with SIDBI stakeholders. It also seeks to promote MSMEs, women entrepreneurs, and Self Help ..

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New Policy for Overseas Borrowings

The Reserve Bank has come out with a new policy for overseas borrowings. The RBI has rationalized the earlier policy in consultation with the Government of India. Features of the New Overseas Borrowing Policy The features of the new policy are: The new policy allows all eligible borrowers to raise External Commercial Borrowings (ECB) up ..

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Udyam Abhilasha: SIDBI launches national level entrepreneurship awareness campaign

Small Industries Development Bank of India (SIDBI) has launched Udyam Abhilasha (उद्यम अभिलाषा), a national level entrepreneurship awareness campaign. It was launched in 115 Aspirational Districts identified by NITI Aayog in 28 States. Udyam Abhilasha The campaign will run from 3 October to 8 October, 2018 across India and reach out to around 15,000 youth. ..

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Finance Ministry launches web portal to grant loans to MSMEs within hour

Union Finance Minister Arun Jaitley launched portal www.psbloansin59minutes.com to enable micro, small and medium enterprises (MSMEs) to get in-principle approval of loans within hour without need for branch visit. The web portal will enable in principle approval for MSME loans up to Rs. 1 crore within 59 minutes from Small Industries Development Bank of India ..

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