CURRENT AFFAIRS

Detailed explanation-1: -EDII, under the SIDBI Cluster Development Fund (SCDF) Scheme has been appointed as the Project Management Consultant at PAN India Level. The 2-year project aims at developing industrial and social infrastructure for development of MSMEs in various clusters and industrial parks.

Detailed explanation-2: -Prayaas Scheme of SIDBI Disbursed More Than 276 Crore Loans to 18000 Small Entrepreneurs. Disbursement of over 276 crore loans to more than 18000 small entrepreneurs is recorded under the Prayaas Scheme of Small Industries Development Bank of India (SIDBI).

Detailed explanation-3: -Earlier, Rajasthan had partnered with SIDBI to develop MSME ecosystem.

Detailed explanation-4: -Role of SIDBI SIDBI is mandated to serve as the Principal Financial Institution for executing the triple agenda of promotion, financing and development of the MSME sector and coordination of the functions of the various Institutions engaged in similar activities.