- Both the entities will help to address challenges faced by MSME due to COVID-19.
- And as per the agreement of partnership, 25% of the beneficiaries will be women entrepreneurs.
- Both the GAME and SIDBI will focus on enhancing Udyam registration. In this, a unique ID will be assigned to the MSMEs to get the benefit of the scheme.
- They will make use of SIDBI financial schemes to form enterprises.
- Both the entities will enhance credit access to micro-enterprises.
- They will cover competitive clusters and will help MSMEs with a legal framework in order to offer them ease in business.
- The partnership will work to support pilot projects in the areas of financing innovations for MSMEs.
- The GAME and SIDBI will frame campaigns related to Mission Swavalambam and Mass Entrepreneurship development projects of SIDBI.
- Static Part:
- HQ of GAME: Bengaluru
- HQ of SIDBI: Lucknow, UP
Question:
Q.1 With which entity has Global Alliance for Mass Entrepreneurship (GAME) entered into partnership to support MSME during COVID-19?
a. SIDBI
b. NABARD
c. SEBI
d. ECGC
a. SIDBI
b. NABARD
c. SEBI
d. ECGC