<h1>India's MSMEs Boost Manufacturing, Supported by Credit and Incentive Schemes in 2023-24 Budget.</h1> The Economic Survey presented by the Union Minister highlights that MSMEs contribute 35.4% to India's manufacturing output. The survey notes increased productivity with Gross Value Added per worker rising, reflecting improved labor efficiency. The Udyam Registration portal has formalized 4.69 crore MSMEs. The Union Budget 2023-24 allocated Rs. 9,000 crore to the Credit Guarantee Fund Trust, facilitating Rs. 2 lakh crore in credit. The Production Linked Incentive Schemes for 14 sectors, with a Rs. 1.97 lakh crore outlay, aim to boost manufacturing and exports. The One District One Product initiative is supported by Unity Malls to promote local products, with PM-Ekta Malls linking artisans to consumers.