Quick Summary
Towards achieving the Viksit Bharat objective, the Ministry of Micro, Small and Medium Enterprises implements various schemes for the benefit of MSME sector across the country in the areas of formalization, technological assistance, infrastructure development, credit support, sustainable practices,
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FAQ :
The main goal is to support the MSME sector to achieve the 'Viksit Bharat' objective.
The schemes cover formalisation, technological assistance, infrastructure development, credit support, sustainable practices, skill development, training, and market assistance.
The 'Udyam Registration' portal was launched for Ease of Doing Business for MSMEs, effective from 01.07.2020.
The UAP was launched to bring Informal Micro Enterprises (IMEs) into the formal ambit so they can benefit from Priority Sector Lending.
Initiatives include a Rs. 5 lakh crore Emergency Credit Line Guarantee Scheme and Rs. 50,000 crore equity infusion through the Self Reliant India Fund. Additionally, Rs. 9,000 crore has been infused into the CGTMSE corpus.
Yes, the government has introduced a policy of no global tenders for procurement up to Rs. 200 crores.
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