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The Global Entrepreneurship Monitor Project

The Global Entrepreneurship Monitor Project: The Global Entrepreneurship Monitor (GEM) is an international project which seeks to provide information on the entrepreneurial landscape of countries. GEM carries out survey-based research on entrepreneurship and entrepreneurship ecosystems around the world and is being led by Entrepreneurship Development Institute of India, Ahmedabad. As per Global Entrepreneurship Monitor (GEM) […]

Non-Performing Assets of MSMEs Due to COVID-19

What Is a Non-Performing Asset? Despite a host of loan restructuring schemes and packages announced by the Reserve Bank of India (RBI) and the government, the Covid pandemic has hit the Micro, Small and Medium Enterprises (MSMEs) very hard. Gross Non-Performing Assets (NPAs) of MSMEs, or loans defaulted by these enterprises, rose by Rs 20,000 […]

Regulatory Framework For Microfinance Loans: Highlights

Regulatory Framework For Microfinance Loans: Highlights The Reserve Bank of India (RBI) allowed Microfinance Institutions(MFI) the freedom to set interest rates they charge borrowers, with a caveat that the rates should not be usurious. The guidelines will take effect 1st April 02022. Earlier in 2021, the RBI proposed to lift the interest rate cap on […]

Employees’ Provident Fund Organisation (EPFO) Interest Rate 2021-2022

Employees Provident Fund Organisation (EPFO) : Key Points Union Minister for Labour & Employment announced the Employees’ Provident Fund Organisation (EPFO) interest rate for the year 2021-2022 after chairing the two-day long meeting of the 230th Central Board of Trustees (CBT) at Guwahati. The return on workers’ retirement savings parked with the Employees’ Provident Fund […]

MSME Innovative Scheme: Key Points

MSME Innovative Scheme: Key Points The Ministry of MSME (Medium, Small and Micro Enterprises) has launched the MSME Innovative Scheme (Incubation, Design and IPR) along with the MSME IDEA HACKATHON 2022. It is the combination of existing sub-schemes around incubation, design, and Intellectual Property Rights (IPR) for MSMEs. The government also announced equity support of […]

UPI123Pay and Digisaathi: New UPI Services By RBI

New UPI Services By RBI: UPI123Pay And Digisaathi The Reserve Bank of India (RBI) has launched new UPI services for feature phones called UPI123Pay for non internet users to make digital payments, also launched a 24×7 helpline for digital payments called ‘Digisaathi’. ‘Digisaathi’ has also been set up by the National Payments Corporation of India […]

What Is National Land Monetization Corporation (NLMC)?

What Is National Land Monetization Corporation (NLMC)? The Union Cabinet has approved the setting up National Land Monetization Corporation (NLMC) as a wholly owned Government of India company. The Finance Minister had announced plans to set up a special purpose vehicle for this purpose in the Union Budget 2021-22. In August, 2021, the government of […]