<h1>MSME Ministry Allocates Over Rs. 3,000 Crore for Growth Schemes in 2019-20, Boosting Innovation and Credit Access.</h1> The Ministry of Micro, Small and Medium Enterprises (MSME) is implementing several schemes to support the sector's growth, including the Prime Minister's Employment Generation Programme (PMEGP), Scheme of Fund for Regeneration of Traditional Industries (SFURTI), and others aimed at innovation and entrepreneurship. For the financial year 2019-20, funds allocated include Rs. 2327.10 crore for PMEGP, Rs. 125 crore for SFURTI, and Rs. 597 crore for the Credit Guarantee Scheme. These initiatives are part of efforts to enhance credit access, technology upgrades, and cluster development, as detailed by the Union Minister in a Lok Sabha session.