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Who among the followings has launched the MSME Innovative Scheme along with the MSME Idea Hackathon 2022 in March 2022?

Who among the followings has launched the MSME Innovative Scheme along with the MSME Idea Hackathon 2022 in March 2022? Correct Answer Narayan Rane

The correct answer is Narayan Rane.

Key Points

  • Union Minister for MSME Narayan Rane on 10 March 2022 launched the MSME Innovative Scheme (Incubation, Design and IPR) along with the MSME Idea Hackathon 2022
  • The scheme will act as a hub for innovation activities facilitating and guiding development of ideas into viable business proposition which benefits society directly.

Additional Information

  • ​Vedanta Ltd has tied up a facility of Rs 8,000 crores (replacement facility) with Union Bank of India at 7.75% in February 2022.
  • Union Bank of India:
    • Headquarters: Mumbai;
    • CEO: Rajkiran Rai G.;
    • Founded: 11 November 1919, Mumbai.
  • Fintech company Lendingkart has entered into a co-lending partnership with Canara Bank.
  • It will provide low-cost business loans of up to ₹10 lakh to micro, small and medium enterprises (MSMEs) across the country.
  • The loans will be provided with a fast turnaround time for approvals powered by the “Lendingkart 2gthr" platform using ‘zero touch’ technology.
  • Union Minister for Micro, Small, and Medium Enterprises Narayan Rane launched the Union MSME RuPay Credit Card of Union Bank of India, on 25 February 2022.
  • It was launched at Sindhudurg at the two-day MSME Conclave.

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