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Government Schemes for MSMEs

Government Schemes for MSMEs

Business Development

Vatsala Mishra

Vatsala Mishra

20 Apr 2021, 15:59 — 3 min read

Micro, Small and Medium Enterprises (MSMEs) are the backbone of the Indian economy and there are various schemes by the government to boost this sector. An important prerequisite for MSMEs to avail of government schemes is to register on the Udyam Portal.


Listed below are some of the key schemes for MSMEs.

 

Credit and financial assistance

• Prime Minister’s Employment Generation Programme (PMEGP)

• Credit Linked Capital Subsidy for Technology Upgradation (CLCSS)

• Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)

• 2% Interest Subvention Scheme

• Rs 20,000 crore Subordinate debt for stressed MSMEs

 

Skill development and training

• Entrepreneurship and Skill Development Programme (ESDP)

• Technology Centres (Tool Rooms & Technology Development Centres)


Infrastructure Support

• Scheme of Fund for Regeneration of Traditional Industries (SFURTI)

• A Scheme for Promotion of Innovation, Rural Industry and Entrepreneurship (ASPIRE)

• Micro & Small Enterprises Cluster Development (MSE-CDP)

• Technology Centres (Tool Rooms & Technology Development Centres)

• Promotion of MSMEs in NER and Sikkim

 

Technology up-gradation

• Design Expertise to Manufacturing MSME sector

• Lean Manufacturing Competitiveness Scheme (LMCS)

• Digital MSME Scheme

• Financial Support to MSMEs in ZED Certification Scheme

• Support for Entrepreneurial and Managerial Development of MSMEs through Incubators

• Building awareness on Intellectual Property Rights (IPR)

• Credit Linked Subsidy for Technology upgradation


Procurement and marketing support

• Procurement and Marketing Support (PMS) Scheme

• Public Procurement Policy (PPP) for MSEs Order,2012

• Government e-Marketplace

 

Web Services

• Udyam Registration

• Creation and Harmonious Application of Modern Processes for Increasing the Output and National Strength (CHAMPIONS) Portal

• MSME Samadhaan Portal

• MSME Sampark Portal

 

Atmanirbhar Bharat related announcements in May-June 2020

• Rs 20,000 crores Subordinate Debt for Stressed MSMEs

• Rs 50,000 cr. Equity infusion for MSMEs through Fund of Funds

• Global tenders to be disallowed up to Rs 200 Crore

• New Definition of MSMEs

• Rs 3 lakh crores Collateral-free Automatic Loans for Businesses, including MSMEs

 

For details about all the schemes, download an exclusive eBook of Schemes for MSMEs

 

To explore business opportunities, link with me by clicking on the 'Connect' button on my eBiz Card.

 

Disclaimer: The views and opinions expressed in this article are those of the author and do not necessarily reflect the views, official policy or position of GlobalLinker  

Comments (6)

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Vatsala Mishra

I look after activities relating to MSME, Retail and Design Sectors in the Industries Department. Currently working on various initiatives for supporting growth of MSMEs such as...

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