Small and medium-sized enterprises Current Affairs, GK & News

Restructuring and loan drive for MSMEs

The state owned public sector banks are to hold a month long drive to provide relief to the small businesses (MSMEs) through loans and restructuring options. The outreach program was launched by the central government in December and is to last till January 6, 2020. The banks are provide working capital for these MSMEs and ..

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39th edition of India International Trade Fair begins

The 39th India International Trade Fair will be inaugurated by Union Minister of Micro, Small and Medium Enterprises Nitin Gadkari. The theme for this year is ‘Ease of Doing Business’ Several countries, including Australia, Iran, the UK, Vietnam, Bahrain, Bangladesh, Bhutan, China, Egypt, Hong Kong, Indonesia are participating in the 14-day Trade Fair. This year ..

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What is the recently launched Credit linked Capital Subsidy Scheme (CLCSS) for MSMEs?

The Indian Government has decided to extend a special Credit Linked Capital Subsidy Scheme (CLCSS) for Technology Upgradation to the MSMEs. This money is to be utilized for the Technology Upgradation. The Indian Government relaizes that the equipping a business with technology is fiscally draining and this problem is even more severe for the Micro, ..

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2019 edition of UN MSME Day

The United Nations’s Micro, Small and Medium-sized Enterprises Day (MSME) Day is observed every year on 27 June to raise public awareness of their contribution to sustainable development. These types of enterprises are responsible for significant employment and income generation opportunities across the world and have been identified as a major driver of poverty alleviation ..

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UK Sinha RBI committee to study current framework for MSMEs

The Reserve Bank of India (RBI) has set up an 8-member expert committee on Micro, Small and Medium Enterprises (MSMEs) to suggest long-term solutions for the economic and financial sustainability of the MSMEs. This committee is set up under the leadership of former SEBI Chairman UK Sinha to review the current framework for the MSME ..

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