Press Information Bureau

Government of India

Ministry of Micro,Small & Medium Enterprises

14-March-2016 14:29 IST

 

The Ministry of MSME is implementing various schemes and programmes for the promotion and development of MSME sector across the country. The major schemes which provide credit linked subsidy to MSMEs include Credit Linked Capital Subsidy Scheme (CLCSS) and Prime Minister’s Employment Generation Programme (PMEGP). Credit Guarantee Scheme provides guarantee cover for collateral free loans upto ₹ 100 lakh. Micro and Small Enterprises-Cluster Development Programme aims at holistic development of Micro and Small Enterprises in clusters through soft interventions, hard interventions (setting up of Common Facility Centres) and infrastructure upgradation.

This information was given by the Minister of State, Micro, Small and Medium Enterprises, Shri Giriraj Singh in a written reply to a question in Lok Sabha here today.

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AKP/ASB

Credit guarantee and subsidy schemes support MSME credit access through collateral-free guarantees and capital subsidy programs. The Ministry implements financial and developmental measures for MSME promotion, chiefly the Credit Linked Capital Subsidy Scheme, the Prime Minister Employment Generation Programme providing credit-linked subsidy, and a Credit Guarantee Scheme enabling collateral-free lending; alongside a Cluster Development Programme delivering soft interventions, Common Facility Centres and infrastructure upgradation to improve MSME competitiveness.