MSME Scheme

The Government of India and various state agencies offer key schemes to support Micro, Small, and Medium Enterprises (MSMEs) in credit, technology, and marketing

Major Central Government Schemes

• Credit Guarantee Scheme for Micro and Small Enterprises (CGTMSE): Provides collateral-free credit ranging from 75% to 90% coverage for eligible micro and small businesses.
• Prime Minister’s Employment Generation Programm (PMEGP): A credit-linked subsidy scheme offering a 15% to 35% subsidy on project costs for setting up new micro-enterprises in manufacturing or service sectors.
• Scheme of Fund for Regeneration of Traditional Industries (SFURTI): Organizes traditional artisans and industries into clusters to provide financial support up to ₹5 crore for modern equipment and infrastructure.
• PM Vishwakarma: Offers recognition, skill training, and collateral-free credit up to ₹3 lakh for traditional craftspeople and artisans.
• MSME Champions Scheme: Includes sub-schemes for zero-defect and zero-effect manufacturing (ZED), lean manufacturing, and digital/technological upgradation.
• A Scheme for Promoting Innovation, Rural Industries & Entrepreneurship (ASPIRE): Sets up livelihood business incubators and technology hubs to foster rural entrepreneurship.