Question
The Union Cabinet approved an equity infusion of how much amount into SIDBI to support MSME credit expansion? Â
Solution
Explanation: Â
The Union Cabinet approved an equity infusion of ₹5,000 crore into the Small Industries Development Bank of India (SIDBI) . The objective  is to expand credit availability to MSMEs and strengthen SIDBI’s balance sheet. The infusion will be made in three tranches between FY 2025–26 and FY 2027–28 . Â
More Daily Beepedia Current Affairs Questions
- What is the estimated cost of the Namo Bharat RRTS project’s inaugurated segment?
- NIC 2025 increases the number of subclasses from 1304 in NIC 2008 to how many in the updated classification?Â
- What major challenge was highlighted in the S&P Global Mobility survey regarding Indian cities?Â
- Which organization has partnered with the Indian Institute of Science (IISc) to produce green hydrogen from paddy straw?Â
- Paras Dogra achieved the milestone of 10,000 Ranji Trophy runs in his:Â
- Which category of banks will not  be covered under RBI’s proposed revised dividend payout framework? Â
- The Reserve Bank of India authorised CRED to operate as a Payment Aggregator under which Act?Â
- Which of the following best describes the current trend in world energy consumption?
- What distinguishes the Tamil Nadu government’s upcoming Centre of Excellence with an AI lab?
- The ‘CHIRAG’ Centre of Excellence inaugurated by Indian Railways in Telangana is dedicated to:Â