street vendor Current Affairs, GK & News

Union Cabinet approves change of definition of MSMEs

On June 1, 2020, the Union Cabinet approved the changes made to the definition of MSMEs. The Finance Minister Nirmala Sitaraman had announced about the changes being made to MSMEs while she announced the economic package allocated to Atma Nirbhar Bharat Abhiyan. Definition According to the new definition, MSMEs with investment till Rs 1 crore ..

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GoI launches PM SVANidhi scheme

On June 1, 2020, Government of India launched the Pradhan Mantri SVANidhi Scheme for street vendors. The Union cabinet has cleared the credit amount for the scheme as well Highlights The PM SVANidhi or PM Street Vendors Atmanirbhar Nidhi is a credit facility scheme that will help more than 50 lakh urban and rural street ..

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