CURRENT AFFAIRS

Detailed explanation-1: -New Delhi, Dec 27 (KNN) Federation of Indian Micro and Small & Medium Enterprises (FISME) and Startup Board Business Services Private Limited (TSB) on Tuesday signed a MoU to explore opportunities between startups and MSMEs and enhance the ecosystem of innovations.

Detailed explanation-2: -MSME sector is considered the backbone of the Indian economy and contributes nearly accounts for 27% of the country’s GDP. It primarily works for the development of people from backward and rural areas. As per the official data as of 31st April 2022, there are presently more than 6.33 crore MSMEs that employ approx.

Detailed explanation-3: -Ministry of Micro, Small & Medium Enterprises.