Credit and finance for MSMEs: The Small Industries Development Bank of India (SIDBI) announced the launch of mission EVOLVE (Electric Vehicle Operations and Lending for Vibrant Ecosystem) in conjunction with the NITI Aayog, World Bank, Korean-World Bank, and Korean Economic Development Cooperation Fund (EDCF) to provide financial support for micro, small and medium-sized enterprises (MSMEs) involved in the electric vehicle space.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
The mission aims to fund 50,000 EVs, and sanction letters have been delivered to companies, such as Aristo Securities and Mufin Green Finance, to bring 5000 to 2/3-wheel EVs on the road shortly.
Find More News on Economy Here
The Daily Current Affairs Quiz which keeps you updated with the current events happening all…
The Tata Group is one of India's biggest and oldest business groups, known for its…
Nikita Porwal from Madhya Pradesh has emerged as the winner of the Femina Miss India…
NITI Aayog is gearing up to host the Second International Methanol Seminar and Expo 2024…
India’s Akhil Sheoran clinched the bronze medal in the 50m Rifle 3 Positions event at…
India is a land of diverse cities, each with its unique charm and identity. Many…