Small Industries Development Bank of India(SIDBI) Current Affairs, GK & News

PM SVANidhi Scheme: UP secures the top rank

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

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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Pradhan Mantri Mudra Yojana

On June 24, 2020, the Union Cabinet under PM Modi approved the scheme for interest subvention of 2% to all Shishu loans under Pradhan Mantri Mudra Yojana (PMMY). Highlights The scheme is to be extended to loans that will meet the following criteria The Outstanding loans as on March 31, 2020 The loans that are ..

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SIDBI to launch Swavalamban Express Train

The Small Industries Development Bank of India (SIDBI) said that it will launch Swavalamban Express Train on June 5 this year for budding entrepreneurs. The Swavalamban Express will travel to 11 cities covering 7,000 km in 15 days. This is a part of its umbrella mission Swavalamban. Under this mission, youths will board the train ..

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GeM partners with UCO Bank and Bank of Maharashtra

The Government e-Marketplace(GeM) has signed two Memorandum of Understanding(MoUs) with the public sector banks, Bank of Maharashtra and UCO bank on Monday, 16th December 2019. Under the MoU, a number of services including transfer of funds through GeM Pool Account(GPA), Earnest Money Deposit(EMD) and advising of Performance Bank Guarantees(e-PBG) will be provided to the registered ..

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