The Global Alliance for Mass Entrepreneurship (GAME) and the Small Industries Development Bank of India (SIDBI) have signed a pact to help micro, small and medium enterprises (MSMEs) address their challenges that were accentuated during the pandemic. The broad themes covered under the partnership include expanding credit access, increasing formalisation, building competitive clusters, and improving the legal framework for ease of doing business, according to a statement released on Sunday. The two organisations have committed that at least 25 per cent of the beneficiaries from the partnership would be women entrepreneurs, it added. SIDBI has been at the forefront of supporting and innovating MSMEs since its inception. The organisation also helps promote some of India s largest MSME-focused platforms and schemes such as CGTMSE and TReDS (RXIL).
Read more about RBI MPC Status Quo On Rates; FY22 Growth Forecast At 9.5% on Business Standard. The Monetary Policy Committee (MPC) at its meeting today, June 4, 2021 decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 4.0 per cent, on the basis of an assessment of the current and evolving
Read more about Reserve bank s special credit window for hotels, salons starts Monday on Business Standard. The facility will be open till March 31, 2022, said an RBI statement.
Read more about Market trades with modest losses; metal stocks rise for third day on Business Standard. The key equity indices were trading with modest losses in mid-afternoon trade. Metal shares extended recent gains. The Nifty was trading tad above the 15,650 mark.