MINISTER OF STATE FOR MICRO, SMALL AND MEDIUM ENTERPRISES
(SHRI BHANU PRATAP SINGH VERMA)
(a): The Ministry of Micro, Small and Medium Enterprises (MSME) vide its Gazette Notification S.O. 2119 (E) dated 26th June, 2020 changed the definition of MSME. Following this, the Udyam Registration portal was launched for registration of MSMEs only on 1st July, 2020. The details of MSMEs which have grown from micro to small and from small to medium since inception till 22nd March, 2022, as per the Udyam Registration portal are as under:
Micro to Small Small to Medium
28,684 3,679
(b): For scaling up of MSMEs, the Government has announced the Self Reliant India Fund with an objective to channelize funds to MSMEs as growth capital, in the form of equity or quasi-equity for growth of MSMEs.
(c) & (d): The Government announced Credit Guarantee Scheme for Subordinate Debt (CGSSD) under the Aatmanirbhar Bharat Abhiyan for helping MSMEs to remain functional. The objective of the scheme is to provide credit facility through lending institutions to the promoters of stressed MSMEs viz. Special Mention Accounts-2 (SMA-2) and NPA accounts which are eligible for restructuring as per RBI guidelines on the books of the lending institutions.
The success achieved in major schemes especially Guaranteed Emergency Credit Line (GECL) /Emergency Credit Line Guarantee Scheme (ECLGS) and Credit Guarantee Scheme for Subordinate Debt (CGSSD) is as under:
i. Since inception in 2020 till February 28, 2022, 1.12 crore MSMEs have been provided with 100% guaranteed collateral free loans amounting to Rs. 2.11 lakh crore under GECL/ECLGS.
ii. Since inception in 2020 till 2nd March, 2022, 765 guarantees amounting to Rs. 84.40 crore have been approved under CGSSD for Stressed MSMEs.
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