MSME SUBSIDIES

The Micro, Small and Medium Enterprises (MSMEs) need funding to establish and grow. The Government of India has taken many steps and launched many schemes to provide credit to MSMEs. MSMEs contribute significantly to our country for building a strong economy. One of the key aspects of MSMEs is access to credit. MSMEs require credit or funding to establish the business or the expansion of the business.

To provide credit facilities for the MSMEs, the Government of India has come up with many loan schemes, and even the banking sector and financial institutions grant loans to them.

This subsidy is provided to MSMEs for induction of well established and improved technologies in specified sub-sectors or products approved under the scheme. This scheme provides an upfront subsidy of 15% on institutional credit up to Rs. 1 crore

MSME SCHEMES

Prime Minister Employment Generation Programme and Other Credit Support Schemes

Development of Khadi, Village and Coir Industries

Technology Upgradation and Quality Certification

Marketing Promotion Schemes

Entrepreneurship and skill Development Programme

Infrastructure Development Programme

Scheme of Surveys, Studies and Policy Research