📌 MSME Growth & Government Initiatives in India

MSME Growth & Government Initiatives in India

by

🚀 Rapid Expansion of MSMEs

  • In 4.5 years since the adoption of the revised MSME definition and launch of the Udyam Registration Portal, over 5.83 crore enterprises have registered.
  • 1.21 crore enterprises are engaged in manufacturing.
  • MSME sector contributions:
    • 2022-23: 30.1% to GDP & 36% to manufacturing output.
    • 2023-24: 45% to total exports.

🏗️ Government’s Efforts for MSME Growth

  • Industrial Growth Initiatives:
    • PM Gati Shakti 🚆
    • National Logistics Policy 📦
    • Production Linked Incentive (PLI) Scheme 🏭
    • Startup India 🚀
  • Key MSME Development Schemes:
    • PM Employment Generation Programme 👷‍♂️
    • Credit Guarantee Scheme for Micro & Small Enterprises 💰
    • MSME Cluster Development Programme 🏭
    • Raising & Accelerating MSME Performance (RAMP) 📈
    • SRI Fund 💸
    • PM Vishwakarma Scheme 🛠️
    • MSME CHAMPIONS Scheme 🏆

🔑 Government Measures to Strengthen MSMEs

✅ Udyam Assist Platform (launched Jan 2023) to bring Informal Micro Enterprises under the formal sector for priority sector lending.
✅ Non-tax benefits for 3 years after an MSME’s status upgrade to help in scaling up.
✅ Self-Reliant India Fund 💵: ₹50,000 crore equity infusion.
✅ Emergency Credit Line Guarantee Scheme (ECLGS) 💳: ₹5 lakh crore scheme saved 14.6 lakh MSMEs from becoming NPAs.
✅ CHAMPIONS Portal 📞: Redresses MSME grievances since June 2020.
✅ PM Vishwakarma Scheme 🏗️: Provides ID card, skill training, credit support, and digital transaction incentives.
✅ Entrepreneurship Skill Development Programme 🎓: Offers basic and advanced business training.
✅ Integration of Udyam Portal with:

  • National Career Services (NCS) 💼
  • e-Shram Portal 🏗️
  • Skill India Digital Portal 🎓
    ✅ Technology Support: 18 Tool Rooms & Technical Institutions established for MSMEs to access advanced technologies.

These initiatives collectively aim to empower MSMEs, boost manufacturing, drive exports, and create a self-reliant business ecosystem in India. 🚀

WhatsApp Group Join Now
Telegram Group Join Now

1 thought on “MSME Growth & Government Initiatives in India”

  1. La gamme MARQ® de Garmin incarne l’excellence horlogère avec des finitions raffinées et fonctionnalités GPS intégrées .
    Adaptée aux activités variées, elle allie robustesse et autonomie prolongée , idéale pour les entraînements intensifs grâce à ses modes sportifs.
    Grâce à son autonomie allant jusqu’à plusieurs jours selon l’usage, cette montre s’impose comme une solution fiable , même lors de activités exigeantes.
    https://www.garmin-boutique.com/forerunner/forerunner-245-music-noire.aspx
    Les outils de suivi incluent la fréquence cardiaque en temps réel , accompagnées de notifications intelligentes , pour les utilisateurs exigeants.
    Facile à personnaliser , elle s’adapte à vos objectifs, avec un écran AMOLED lumineux et synchronisation sans fil.

Leave a Comment