InternationalSaturday, 9 May 2026·https://testbook.com/current-affairs/09-may-2026-daily-current-affairs
India’s 1st BRICS SME Working Group Meeting held under 2026 chairship
India hosted the first BRICS SME Working Group Meeting on 24 April 2026 under its 2026 chairship.
Key highlights
Direct fact
On 24 April 2026, under India’s BRICS chairship, the Ministry of Micro, Small & Medium Enterprises hosted the 1st SME Working Group Meeting to discuss access to finance for MSMEs.
Key specifics
- India will organise 3 SME Working Group Meetings during its 2026 tenure.
- The inaugural BRICS MSME Forum is also planned under the same chairship.
- The cooperation agenda is being driven through the BRICS Partnership on the New Industrial Revolution (PartNIR).
- BRICS was formed as BRIC in 2009, and South Africa joined in 2010.
- The meeting focused on credit gap, financial inclusion, and fintech-driven global trade payments.
Exam lens
TNPSC may ask about BRICS expansion, PartNIR, MSME finance, and the 24 April 2026 meeting under India’s chairship.