SCHEMES TO REVIEW MSME SECTOR FACING CRISIS

SCHEMES TO REVIEW MSME SECTOR FACING CRISIS

The Ministry of Micro, Small and Medium Enterprises (MSME) implements various schemes and programmes for the development of MSME Sector across the country. These schemes/ programmes include Prime Minister’s Employment Generation Programme, Credit Guarantee Scheme for Micro and Small Enterprises, Micro and Small Enterprises-Cluster Development Programme, Entrepreneurship Skill Development Programme, Procurement and Marketing Support Scheme, Raising and Accelerating MSME Performance, International Cooperation Scheme, National SC/ST Hub, MSME Champions, etc.

The Government implements Credit Guarantee Scheme (CGS) for Micro and Small Enterprises (MSEs) to strengthen credit delivery system and to facilitate the flow of credit to the Micro and Small Enterprise sector without the hassles of collateral and third party guarantee up to a maximum of Rs. 500 lakh. Term loan and/or working capital facilities are eligible under the CGS for MSEs.  

Union Budget 2024-25 announced a package covering financing, regulatory changes and technology support for MSMEs to help them grow and also compete globally, as given below:

The Government has taken various measures to facilitate marketing and procurement support to MSME. Some of the measures are as under:

This information was given by the Minister of State for Micro, Small and Medium Enterprises,

Smt. Sushri Shobha Karandlaje, in a written reply in the Rajya Sabha today.

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