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vishakha Jangir
•

Set2Score • 2h

𝗪𝗵𝗮𝘁'𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗨𝗻𝗶𝗼𝗻 𝗕𝘂𝗱𝗴𝗲𝘁 𝟮𝟬𝟮𝟱 𝗳𝗼𝗿 𝘀𝘁𝗮𝗿𝘁𝘂𝗽𝘀? The government aims to support 5.7 crore MSMEs with enhanced financial assistance and policy measures. Loan guarantees for micro-entrepreneurs will be expanded to ensure easier access to capital. Startups in 27 focus sectors will receive loans at a reduced guarantee fee of just 1%. Export-oriented MSMEs will be eligible for term loans of up to ₹20 crore to boost global trade. Udyam-registered MSMEs will have access to customized credit card solutions to improve financial flexibility. A new ₹10,000 crore fund will be established to provide additional funding to emerging startups. The MSME credit guarantee will be increased from ₹2 crore to ₹5 crore to improve financial security. Startups will receive enhanced credit support, ranging from ₹10 crore to ₹20 crore. Well-run MSMEs can avail of credit guarantees of up to ₹20 crore. A special credit card limit of ₹5 lakh will be introduced for micro-enterprises. India will be developed as a global manufacturing hub for toys through cluster development initiatives. The footwear and leather sector scheme is expected to generate 22 lakh jobs and attract an investment of ₹4 lakh crore, with projected exports of over ₹1.1 lakh crore. The National Manufacturing Mission for MSMEs will focus on clean-tech manufacturing, including wind turbines, batteries, and other sustainable technologies.

2 replies8 likes

Replies (2)

Vishu Bheda
•

Medial • 2h

The ₹10,000 crore fund and easier credit access can drive real growth. Exciting times ahead!

1 replies1 like

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