<h1>MSME financing and formalisation reforms expand equity, guarantee support and digital registration to ease business and speed payments.</h1> Policies strengthen MSMEs via cluster development, Common Facility Centres, an equity-focused Self-Reliant India Fund combining government seed capital with private funds, and a revamped Credit Guarantee Scheme to unlock additional lower-cost credit. Digital and facilitation measures include PAN-based Udyam Registration, Udyam Assist for informal enterprise formalisation, the MSME Samadhan grievance portal with recorded filing and disposition metrics, and the CHAMPIONS portal providing regional-language support. TReDS is identified as a marketplace to accelerate receivables and reduce MSME financing costs under the MSMED framework.