Author: ForumIAS

Government launches another funding scheme to help the distressed MSME sector

News: Union Minister of Micro, Small and Medium Enterprises(MSMEs) has launched Credit Guarantee Scheme for Subordinated Debt(CGSSD) which is also called “Distressed Assets Fund–Sub-ordinate Debt for MSMEs”. Facts: Aim: To extend support to the promoters of the operational MSMEs which are stressed and have become NPA as on 30th April, 2020. Guarantee: It provides a… Continue reading Government launches another funding scheme to help the distressed MSME sector

‘Country of origin’ must on e-marketplace platform, says government

News: The Union government has made it mandatory for all sellers on the Government e-Marketplace(GeM) to list the Country of Origin while registering new products.  Facts: Government e-Marketplace(GeM): It is a National Public Procurement portal launched in 2016 for procurement of common use Goods & Services required by various Government Departments / Organizations / PSUs.… Continue reading ‘Country of origin’ must on e-marketplace platform, says government

HRD Minister launches YUKTI 2.0 to encourage innovation

News: Union Minister of Human Resource Development(MHRD) has launched ‘YUKTI 2.0’ (Young India Combating COVID with Knowledge, Technology and Innovation) Portal. Facts: YUKTI 2.0: It is an online portal that aims to bring together technologies from students, faculties and startups from higher education institutions so that they can be showcased to the investor community such… Continue reading HRD Minister launches YUKTI 2.0 to encourage innovation

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