Small and Medium Enterprises Current Affairs, GK & News

Guidelines issued for PLI Scheme for Food Processing Industry

The Government of India recently issued guidelines for the “Production Linked Scheme” of Food Processing Industry. The GoI had earlier approved the PLI Scheme for Food Processing under the “Atma Nirbhar Bharat” with an outlay of 10,900 crores of rupees. The scheme is to be implemented between 2021-22 and 2026-27. Categories in the Guidelines The ..

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‘Gramodyog Vikas Yojana’ programme launched by MoMSME

The MSME Ministry has given the approval to start a programme for the benefit and welfare of artisans involved in the manufacturing of agarbatti and also to develop village industry under the ‘Gramodyog Vikas Yojana’. As of now, four pilot projects have been decided to be started in the country including one in the North-East. ..

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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 SAFE scheme is SIDBI Assistance to Facilitate Emergency Response against Corona Virus. It is financial ..

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Bank of Baroda signs MoU with Care Ratings to assess SMEs’ credit quality

Indian Public sector bank, Bank of Baroda recently signed an MoU with Indian credit rating agency, Care Ratings. The pact aims to assess credit quality of the small and medium enterprises (SME) customers of the bank. The rating agency is expected to evaluate the credit quality of the existing and potential SME customers of the ..

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Govt Plan to Curb Special Steel Imports

The Ministry of Steel is working on a proposal to impose quality control regulations on tinplate and tin-free steel. The Ministry of Steel is planning to mandate foreign tinplate suppliers to adhere to BIS standards. Mandating impost to be in compliance with BIS standards could discourage them from supplying to India making the move a ..

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