22 Lakh+ New MSMEs registered between March 2018 – March 2019

Government takes several measures to strenghthen MSMEs
Government takes several measures to strenghthen MSMEs

Shri Nitin Gadkari, Union Minister for Micro, Small and Medium Enterprises has informed that 22.83 lakh Micro, Small and Medium Enterprises (MSMEs) were registered on Udyog Aadhaar Portal in the country during March, 2018 to March 2019. The Ministry of MSME facilitates access to finance for Micro and Small Enterprises through its schemes / programmes namely Prime Minister’s Employment Generation programme (PMEGP), Credit Guarantee Scheme for Micro and Small Enterprises and Credit Linked Capital Subsidy Scheme.

The credit flow to MSME sector by all Scheduled Commercial Banks during the last 3 years is given below:

Year ended Amount Outstanding (in Rs. Crore)
March 2017 1070129.48
March 2018 1149353.83
March 2019 1497687.10

The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) was launched by the Government of India to make available collateral-free credit to the micro and small enterprise sector. The number and amount of Guarantees approved under the CGTMSE during the last 2 years is given below:

Year No. of Credit Facilities Approved (in lakhs) Amount of Guarantees Approved

( in Rs. crore)

2017-18 2.63 19065.91
2018-19 4.36 30168.57

This has also helped in better credit flow to the micro and small enterprises.

Be the first to comment

Leave a Reply

Your email address will not be published.


*