MSME & GOVERNMENT SCHEMES
Our experts provide valuable advice on various schemes for MSME’s and update you regularly with the latest happenings in the sector.
Micro, Small and Medium Enterprises (MSME) sector has emerged as a highly vibrant and dynamic sector of the Indian economy over the last five decades. MSMEs not only play crucial role in providing large employment opportunities at comparatively lower capital cost than large industries but also help in industrialization of rural & backward areas, thereby, reducing regional imbalances, assuring more equitable distribution of national income and wealth. MSMEs are complementary to large industries as ancillary units and this sector contributes enormously to the socio-economic development of the country.
The primary responsibility of promotion and development of MSMEs is of the State Governments. However, the Government of India, supplements the efforts of the State Governments through various initiatives. The role of the MSME and its organizations is to assist the States in their efforts to encourage entrepreneurship, employment and livelihood opportunities and enhance the competitiveness of MSMEs in the changed economic scenario.
The schemes/ programmes undertaken by the Ministry and its organizations seek to facilitate/provide:
- adequate flow of credit from financial institutions/banks
- support for technology upgradation and modernization
- integrated infrastructural facilities
- modern testing facilities and quality certification
- access to modern management practices
- entrepreneurship development and skill upgradation through appropriate training facilities
- support for product development, design intervention and packaging
- assistance for better access to domestic and export markets and
- welfare of artisans and workers
- cluster-wise measures to promote capacity-building and empowerment of the units and their collectives
Registration of MSME is a compulsory requirement for availing the benefits announced by Government to the respective sectors. The Following are the some of the benefits provided by Government.
- Collateral Free Loans
- Capital Subsidies
- ISO certification support
- Loans at Low Interest Rates
- Assistance in collection of Invoices
Registration of MSME is a compulsory requirement for availing the benefits announced by Government to the respective sectors. The Following are the some of the benefits provided by Government.