Khadi Agarbatti Atma Nirbhar Mission: Highlights

The MSME Minister has approved a mission in order to generate employment as well as to make the country self-reliant with regard to the agarbatti production. This scheme, to be administered by the Khadi and Village Industries Commission, will focus ..

Month: Current Affairs - August, 2020

SIDBI, TransUnion CIBIL launch financial knowledge platform for MSMEs

The Small Industries Development Bank of India (SIDBI), in association with TransUnion CIBIL, has launched a comprehensive financial education and knowledge platform meant for the micro, small and medium enterprises functioning in the country. Highlights Known as MSMESaksham, this new ..

Month: Current Affairs - July, 2020

Rs 68311 Cr. Disbursed under Emergency Credit Line Guarantee Scheme to the MSMEs

As per the data released by the Ministry of Finance, the Private and Public Sector banks in India have disbursed around Rs 68311 Cr. under the Emergency Credit Line Guarantee Scheme to the Micro, Small and Medium Enterprises in the ..

Month: Current Affairs - July, 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

World Bank approves 750 million USD to support Indian MSMEs

On June 30, 2020, the world Bank approved 750 million USD of budget support to India. The funds are to be used to support 15 crore MSMEs in the country. Highlights The funds are to be used to strengthen small ..

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

KVIC launches Bamboo and Sandalwood Plantations initiative

On June 25, 2020, the Khadi and Village Industries Commission launched sandalwood and bamboo plantation in order to monetize the assets. Highlights KVIC began its drive of plantation by planting 500 saplings of bamboo and sandalwood at its Nashik training ..

Month: Current Affairs - June, 2020

Defence Conclave, 2020 in Gujarat

On June 25, 2020, the Raksha Rajya Mantri Shri Shripad Naik inaugurated a two-day Defence Conclave 2020 in Gujarat. Highlights The minister addressed the conference virtually. The conclave was organized by the Confederation of Indian Industry and Society of Indian ..

Month: Current Affairs - June, 2020