Facebook India launched ‘Small Business Loans Initiative’

Facebook India has launched a new initiative called the “Small Business Loans Initiative” on August 20, 2021. Key Facts This initiative was launched in partnership with online lending platform, Indifi. It will extend help to small and medium businesses (SMBs) ..

Month: Current Affairs - August, 2021

GoI forms five task forces to revive MSME sector

On September 23, 2020, the Government of India formed five task forces in five different key areas to boost the MSME sector in the country. The task forces will make the micro, small and medium enterprises (MSME) future ready. It ..

Month: Current Affairs - September, 2020

Banks sanction loans worth over Rs 1.5 lakh crore under ECLGS for MSME

The finance ministry declared, Public and Private Sector Banks have disbursed loans over Rs 1.5 lakh crore under the Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector. The top three lenders under the scheme are the State Bank ..

Month: Current Affairs - August, 2020

Weavers Samman Yojana launched by Karnataka

On July 6, 2020, the state Government of Karnataka launched the “Weavers Samman Yojana”. Under the scheme, 19,744 handloom weavers will be assisted financially. Highlights The State Government under the new scheme will transfer Rs 2,000 to the weavers’ accounts ..

Month: Current Affairs - July, 2020

June 27: International MSME Day

Every year, the International MSME (Micro, Small and Medium Enterprises) Day is celebrated on June 27 by the United Nations. Highlights The day was declared as MSME day on the 74th Plenary meet of UN General Assembly in 2017. The ..

Month: Current Affairs - June, 2020

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 ..

Month: Current Affairs - June, 2020

Scheme with Guarantee Cover worth Rs 20,000 Crore launched for MSMEs

This scheme was announced as a part of the AtmaNirbhar Bharat Package by Finance Minister back on 13th May 2020. On 24th June 2020, the Credit Guarantee Scheme for Sub-ordinate Debt (CGSSD) was launched. The scheme is also called as ..

Month: Current Affairs - June, 2020

TRIFED launches ‘Tech for Tribals’ initiative

Tribal Cooperative Marketing Development Federation of India (TRIFED) has launched an initiative called ‘Tech for Tribals’ in partnership with Institutes of National Importance (INIs) to promote entrepreneurship among tribal people. The initiative, which is supported by Ministry of MSME, aims to ..