The Micro, Small, and Medium Enterprises (MSME) sector have emerged as a crucial piece in
India’s overall economic growth and development. It is an essential part of the critical
supply chain for products and services.
Introduced in 2006, MSME comprises over 90% of total enterprises in the economy. With its
dynamism and legerity, MSME established its estimable innovativeness and adaptability in
providing large scale employment opportunities. The sector also facilitates the
industrialization of rural and backward areas, thereby assuring equal distribution of national
wealth. The highly vibrant sector has shown recently its power to survive the economic
downturn and recession.
Government Package For MSME
Concerning the issues arising out of the design, existence, and implementation, the
government provides various policies and interventions to ensure development in various
sectors. MSME is important among them. The government allows various packages for the
MSME sector to strengthen the sector with sufficient financial backing.
1. Atmanirbhar Bharat
Atmanirbhar Bharat Abhiyaan or Self-Reliant India Mission is the special economic package
worth 20 lakh crores or 10% of India’s GDP in 2019-20, announced by prime minister Mr.
Narendra Modi. The government package for MSME brings out the importance of self-
sufficiency and self-reliance, especially in times of devastation. For sustainable economic
development, Atmanirbhar or self-independence is necessary. In the globalized world, the
definition of self-reliance has undergone a transformation where it becomes more inclusive.
In the global supply chain, it will prepare the country for tough competition.
This government package for MSME focuses on land, labor, laws and liquidity, and factors
of production. Along with MSMEs, it also caters to various sections including cottage
industry, laborers, middle class, and industries. The package aims to empower the poor,
laborers, migrants, etc. from both organized and unorganized sectors.
2. Schemes For MSME
MSME is a catalyst for the socio-economic transformation of the country. The government,
especially the MSME ministry, allows different schemes to enhance the marketability of
products and services in the sector thereby increasing the growth in the sector. These
schemes stretch from providing collateral-free credit and access to incubation centers to
improved employment opportunities and equipment for entrepreneurs in different corners
of the country.
The schemes boost competitiveness in the sector and support their long-term sustainability.
Some of the schemes and government package for MSME provided for the MSME sector
recently are ASPIRE (A Scheme for Promoting Innovation, Rural Industry &
Entrepreneurship), CLCSS (Credit Linked Capital Subsidy Scheme), PMEGP (Prime Minister’s
Employment Generation Programme), etc.
3. Collateral Free Loans
For the collateral-free automatic loan worth 3 lakh crores, borrowers with up to 25 crores
outstanding and turnover of Rs.100 crore and eligible. These loans have a 100% credit
guarantee along with a 4-year tenure and moratorium for 4 months. The scheme can be
availed till 31 October 2020. It is expected to benefit about 45 lakh units.
4. Subordinate Debt For MSMEs
In order to provide stressed MSMEs with equity support, a subordinate debt which will
facilitate provision of Rs.20000 crore. It is expected that the loans will help MSME to expand
in size as well as incapacity. In the subordinate debts for stressed MSMEs, the debt will be
given by the bank to the promoters of the MSMEs and then it will be infused among the
units by the promoters. It is expected that the subordinated debt facility will aid 2 lakhs
5. COVID-19 Relief Package
To help the country’s economic tide over the ongoing coronavirus, Mr. Narendra Modi
announced a mega 20-lakh crore stimulus package which is expecting to revive the
economy. The package will help the MSME sector in great ways where it can secure the jobs
and the payment. Addressing the issue of payment is a great relief to the sector. In this
challenging period, small businesses need the most support and stimulus, and the packages
for MSMEs help the sector to survive in every way possible.
6. The Emergency Credit Line For MSME
PNB or Punjab National Bank opened an emergency credit line for the MSME sector. If the
facility tries to help the sector to tide over liquidity issues amidst the coronavirus crisis.
Often rightly termed as the “engine of economic growth”, the MSME sector is the backbone
of any developing country. The government of India, State as well as Central, has always
been in favor of MSMEs by supporting, promoting and providing them benefits. You can
avail the government package for MSME only if you obtain an MSME registration under the
At the official government website, you can register MSME for free. But you will probably
become exhausted because of the form filling and documentation. You can take
professional help for the complex online registration process to easily avail of the
government package for MSME.
Udyog-adhaar.in is the most trusted website platform for MSME registration at the best
price. The experts with us have years of industrial experience and knowledge that make
them efficient enough to handle the whole process with ease. Online registration might not
be simple for everyone. If you don’t know the terms of it, the whole process can turn into
an intimidating task. In such a scenario, what you need is a reliable expert who can support
you by getting the registration done on behalf of you.
At Udyog-adhaar.in, the clients are assured with the fastest and secure MSME registration
at affordable prices. We ensure that the registration process is carried out correctly and
efficiently so that you will get the certificate within 3-4 working days despite the
government website which takes 5-7 days to issue the certificate.
Individual or entity, if you are already registered under MSME, you can still take the help
from msmeregistrar.org to update your certificate or check the validity of it. We will
constantly review the registered status of our clients so that we can help them to enjoy the
government financial packages for MSME without any hassle. We are the best MSME Udyog
Aadhaar registration consultancy that believes in the satisfaction of our clients. Hence, we
assure 100% accuracy and safety in the information provided and so the registration
process. Enjoy the privileges of the financial government package for MSME with us at
For more details, feel free to contact us just by filling up the form.
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