Govt promotes MSME sector to meet financial needs

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New Delhi, Oct 27: For the upliftment of the micro, small and medium enterprises (MSME) industry, the ministry has derived several policies to assist its financial sector, official informed on Oct 26.

The MSME ministry announced that they adopted several schemes, which would support for marketing, technological upgradation.

The two new major credit-related schemes namely, Credit Linked Capital Subsidy Scheme and Credit Guarantee Scheme had been adopted by the ministry to fulfill its financial requirements.

"More than four hundred twenty thousand proposals have been approved under the Credit Guarantee Scheme," announced the minister, Dinsha J Patel while releasing the CII -PwC Paper on Creating Competitive SMEs.

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