MSME Databank Portal and Online Finance Facilitation Web Portal launched

MSME Databank and Finance Facilitation Launched at 14th Meeting of National Board

Question: Who among the following is the Minister of Micro, Small & Medium Enterprises?
(a) Kalraj Mishra
(b) Piyush Goel
(c) Dharmendra Pradhan
(d) Prakash Javadekar
Ans: (a)
Related facts:

  • On 11 August 2016 Arun Jaitley, Union Minister of Finance & Corporate Affairs launched two important initiatives of the Ministry of MSME, viz. MSME Databank Portal and Online Finance Facilitation Web Portal on the sidelines of 14th Meeting of the National Board of MSME at Vigyan Bhawan, New Delhi.
  • Kalraj Mishra, Union Minister for MSME, Giriraj Singh and Haribhai Parthibhai Chaudhary, Minister of State for MSME were present on the occasion.
  • Ministry of MSME is making online Census of the MSMEs in the country for the first time by launching a comprehensive databank on http://www.msmedatabank.in
  • This will not only save the efforts and money required for physical Census but will also enable the MSME units and the various Associations to furnish data on click of the button and sitting in their units.
  • The NSIC, which provides suitable credit support to the various MSME units for purchase of raw material, has started an online Finance Facilitation Centre on http://www.nsicffconline.in
  • To start with, the Finance Facilitation Centres will become operational at Jalandhar, Peenya, Ludhiana, Guwahati, Lucknow and Delhi from 11 August 2016.
  • The portal will allow the MSMEs to apply for loans from the various banks on the NSIC portal itself.
  • NSIC has also signed MoUs with 33 banks, 14 of whom have agreed to associate with online Finance Facilitation Web Portal.

Reference:
http://pib.nic.in/newsite/PrintRelease.aspx?relid=148729
http://msme.gov.in/WriteReadData/DocumentFile/MSME-Databank-Notifications.PDF