The Gujarat government signed an MoU with State Bank of India (SBI) to facilitate approval of loans to entrepreneurs in the MSME sector with ease and within a short time-frame. Within 15 days of making an application, the bank will provide theoretical approval to the project. Start-ups can submit an application on either the MSME portal or to the local nodal agencies.
The SBI decided to help MSME entrepreneurs in Gujarat looking at their high recovery rate. The Gujarat state announced that MSME units exempted from taking approvals for the first three years can start operations after getting an acknowledgement certificate from the state nodal agency by submitting ‘declaration of intent.
Important takeaways for all competitive exams:
Bhargavastra is a homegrown anti-swarm drone system that has been engineered to neutralize enemy drones…
Indian weightlifter Rishikanta Singh Chanambam made history by becoming India's first silver medallist at Glasgow…
India is a country full of history, culture and natural beauty. Many special places in…
Protest Rights is one of the important parts of Indian democratic arrangement. It gives people…
India has a rich history of protests, where the people have come out on the…
Indian weightlifter Raja Muthupandi win a silver medal in the men’s 65kg category at the…