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The Ministry of Micro Small and Medium Enterprises (MSME) implements various schemes and programmes for the growth and development of MSME Sector in the country. These schemes and programmes include Prime Minister’s Employment Generation programme (PMEGP), Scheme of Fund for Regeneration of Traditional Industries (SFURTI), A Scheme for Promoting innovation, Rural Industry & Entrepreneurship (ASPIRE), Interest Subvention Scheme for Incremental Credit to MSMEs, Credit Guarantee Scheme for Micro and Small Enterprises (CGTMSE), Micro and Small Enterprises Cluster Development Programme (MSE-CDP), Credit Linked Capital Subsidy and Technology Upgradation Scheme (CLCS-TUS).
The details of funds allocated under various schemes/programmes of the Ministry (during the current financial year 2019-20) are given below:
S. No. | Scheme/ Programme | Allocation (in Rs. Crore) |
1. | A Scheme for Promoting innovation, Rural Industry & Entrepreneurship (ASPIRE) | 50.00 |
2. | Scheme of Fund for Regeneration of Traditional Industries (SFURTI) | 125.00 |
3. | Prime Minister’s Employment Generation programme (PMEGP) | 2327.10 |
4. | Credit Guarantee Scheme for Micro and Small Enterprises (CGTMSE) | 597.00 |
5. | Credit Linked Capital Subsidy and Technology Upgradation Scheme (CLCS-TUS) | 755.78 |
6. | Interest Subvention Scheme for Incremental Credit to MSMEs | 350.00 |
7. | Cluster Development Programme for MSEs | 227.90 |
8. | Tool Rooms & Technology Institutions | 118.10 |
This information was given by Shri Nitin Gadkari, Union Minister for Micro, Small and Medium Enterprises in written reply to a question in Lok Sabha today.
MSME scheme allocations announce targeted funding across credit, technology and cluster programmes to support small enterprise growth. The Ministry of Micro, Small and Medium Enterprises allocated specified budgets for 2019-20 to implement targeted schemes: an innovation and rural industry promotion programme; a fund for regeneration of traditional industries; an employment generation programme; a credit guarantee scheme for micro and small enterprises; a credit-linked subsidy for capital and technology upgradation; an interest subvention scheme for incremental MSME credit; cluster development for MSEs; and support for tool rooms and technology institutions, reflecting policy instruments of grant, subsidy and credit support to foster finance access, technological modernization and sectoral/regional clustering.Press 'Enter' after typing page number.