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GAME and SIDBI collaborated to Support MSME amidst COVID-19

Published on June 29, 2021
Current Context: The Global Alliance for Mass Entrepreneurship (GAME) and Small Industries Development Bank of India (SIDBI) have collaborated to support the MSME sector during the pandemic situation of COVID-19.
GAME and SIDBI collaborated to Support MSME amidst COVID-19
  • 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
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