BusinessLineJan 4, 2022MSMEs: Engines of growth for new IndiaFrom easing access to credit to leveraging the PLI scheme, MSMEs can tap into a range of policy initiativesIn November 2021 the government announced the Special Credit Linked Capital Subsidy Scheme for the MSMEs (Micro Small and Medium Enterprises) in the services sector.The scheme has a provision of 25 per cent capital subsidy for procurement of service equipment through institutional credit to the SMEs for advancement of their technology.In July 2020, by redefining the MSMEs, the Finance Minister addressed the ‘fear’ of MSMEs losing their benefits under various schemes if they expanded.Read more at BusinessLine
From easing access to credit to leveraging the PLI scheme, MSMEs can tap into a range of policy initiativesIn November 2021 the government announced the Special Credit Linked Capital Subsidy Scheme for the MSMEs (Micro Small and Medium Enterprises) in the services sector.The scheme has a provision of 25 per cent capital subsidy for procurement of service equipment through institutional credit to the SMEs for advancement of their technology.In July 2020, by redefining the MSMEs, the Finance Minister addressed the ‘fear’ of MSMEs losing their benefits under various schemes if they expanded.Read more at BusinessLine
