Government Schemes for MSMEs

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

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