MSME Sector Current Affairs - 2020

Ministry Of MSME Introduces AI & ML Tools to Strengthen Champions Portal

The Ministry of MSME has launched the artificial intelligence (AI) and machine learning (ML) tools in order to provide effective assistance and solutions to the issues of micro, small and medium enterprises (MSMEs). These tools have been started on its Single Window System called the ‘Champions’ portal. These tools would be strengthening the portal. Champions Read More…

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 Distressed Assets Fund- Sub- Ordinate Debt for MSMEs. Union Minister of Medium, Small and Marginal 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…

Bharatcraft portal:  Government to launch e-commerce marketing platform

Union Minister Nitin Gadkari has announced that Union Ministry of Micro, Small and Medium Enterprises (MSMEs) is planning to launch Bharatcraft portal, a desi version e-commerce marketing platform. It will be based on the lines of e-commerce behemoths such as Alibaba and Amazon. It will provide platform for MSMEs to market and sell their products Read More…

PM launches Support and Outreach Programme for MSME Sector

Prime Minister Narendra Modi launched Micro, Small and Medium Enterprises (MSME) Support and Outreach Programme. As part of this programme, PM unveiled 12 key initiatives which will help the growth, expansion and facilitation of MSMEs across the country. There are five key aspects for facilitating the MSME sector. These include access to credit, access to Read More…