Ministry of MSME Current Affairs - 2020

MoMSME and CBDT sign MoU

The Central Board of Direct Taxes (CBDT) and Ministry of Micro, Small and Medium Enterprises (MoMSME) signed Memorandum of Understanding (MoU) to share data. Highlights The Memorandum of Understanding will facilitate sharing of Income Tax Return related information by the Income Tax Department of MoMSME. Nodal officers will be appointed to facilitate the process of Read More…

SFURTI Scheme update given in the Parliament-Rs 2.3 crores budget allocated

The Ministry of MSME (Micro, Small and Medium Enterprises) on February 3, 2020, provided an update on the SFURTI scheme being implemented. Highlights A total amount of Rs 2.3 crores has been sanctioned for the scheme in the budget 2020.The Ministry updated the house that currently the scheme is working towards the following Developing clusters Read More…

Phase Out of Ozone Depleting Chemicals achieved by India

Ministry of Environment, Forest and Climate Change (EFoCC) recently announced that India has achieved the complete phase out of ozone depleting Hydro Chloro Fluoro Carbons (HCFC). The achievement has its route to the Montreal Protocol Highlights In order to move towards environment friendly technologies, the Ministry of EFoCC prohibited import of HCFC-141b. The order was Read More…

First Silk Processing plant in Gujarat to boost “PATOLA SAREE” production

On January 3, 2020, the Khadi and Village Industries Commission (KVIC) inaugurated the first “Patola Saree” production unit in Gujarat. This will help to cut down the cost of silk yarn production and also will increase the sale of raw material for Patola sarees. Highlights The silk production plant has employed 90 local women of Read More…

Govt. launches updated Credit linked Capital Subsidy Scheme

Union Minister for Micro, Small and Medium Enterprises Nitin Gadkari launched the updated Credit linked Capital Subsidy Scheme (CLCSS) to allow micro, small and medium enterprises (MSMEs) access to capital. Union Minister re-Launched the Credit Linked Capital Subsidy (CLCS) web portal during the 2-day workshop on ‘Credit Linked Capital Subsidy and Delayed Payment of MSMEs’ Read More…