Micro Small and Medium Enterprises Current Affairs - 2020

Loans worth over Rs 1.10 lakh crore sanctioned by Banks under ECLGS until 1st July

Union Finance Minister Nirmala Sitharaman announced the Emergency Credit Line Guarantee Scheme (ECLGS) on 13th May 2020. ECLGS was announced as a part of the AtmaNirbhar Bharat Package for supporting the Micro Small and Medium Enterprises (MSMEs) in the country. As of 1st July 2020, Public Sector Banks and Private Banks across the country have Read More…

USD 750 Million approved under COVID-19 Emergency Response Program for MSMEs in India by World Bank Group

A USD 750 Million loan was approved for the Micro Small and Medium Enterprises (MSMEs) in India by the World Bank Group. The Approval for the loan amount was given on 30th June 2020 by the Board of Executive Directors of the World Bank Group.  As a result of the COVID-19 pandemic, the MSME sector Read More…

‘At One Click’ Initiative launched by Gujarat Government for MSMEs & Other Bigger Industries

For 12,247 Micro, Small, and Medium Enterprises (MSMEs) and bigger industrial units (including the textile industry) in the state, the Gujarat Government on 26th June 2020 has launched an online cash aid initiative. The initiative is named as ‘At One Click’. The initiative was launched by the Chief Minister of Gujarat Vijay Rupani. About the Read More…

ICMR approves User-Friendly PPEs ‘NavRakshak’

Within a month, user-friendly Personal Protective Equipment (PPE) Kit known by the name ‘NavRakshak’ are expected to be available in the Indian market as the Indian Council of Medical Research (ICMR) has approved it earlier this week for mass production and use in the country. One of the nine authorized NABL accredited laboratories for PPE Read More…

GEM Samvaad: GEM launches National Outreach Programme

Government e-commerce portal GeM has launched a national outreach programme called ‘GeM Samvaad’, to bring on-board more local sellers. The outreach programme will take place from 19 Dec 2019 to 17 Feb 2020 and will cover all States and Union Territories (UTs) of the country. It was launched by Commerce Secretary Anup Wadhawan in New Read More…