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Atmanirbhar in MSMEs Sector The Government has taken a number of initiatives under the Aatma Nirbhar Bharat Abhiyan to mitigate the negative impact of Covid-19 on small businesses, including MSMEs, in the country. Some of them are: Rs. 20,000 crore Subordinate Debt for stressed MSMEs. Rs.3 lakh crores Emergency Credit Line Guarantee Scheme (ECLGS) for Businesses, including MSMEs (which has subsequently been increased to Rs. 5 lakh crore, as announced in Budget 2022-23). Rs. 50,00
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FAQ :
MSMEs have received Rs. 20,000 crore in subordinate debt, Rs. 3 lakh crore (later increased to Rs. 5 lakh crore) through the Emergency Credit Line Guarantee Scheme, and Rs. 50,000 crore via equity infusion through the Self Reliant India Fund.
New revised criteria for MSME classification have been introduced, along with a new registration process called 'Udyam Registration' to enhance the ease of doing business.
Yes, the government has implemented a policy of no global tenders for procurement up to Rs. 200 crores, benefiting MSMEs.
The government regularly interacts with stakeholders, industry associations, and state governments through various forums to understand and address MSME challenges. The Ministry of MSME also implements numerous schemes and programmes for their promotion and development.
These centres provide technology support, skilling, incubation, and consultancy services to MSMEs and skill seekers, aiming to improve employability, competitiveness, and foster new MSME creation.
The 18 technology centres conduct skill development training programmes for educated youth and technicians, focusing on practical, hands-on learning that is regularly updated to align with global technological advancements.
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