The Ministry of MSME has been consistently enunciating policies resulting in enabling schemes and programs for enhancing the competitiveness of enterprises. New initiatives of the ministry and market-driven economy give rise to increasing product portfolios.

As of March 2020, micro, small, and medium enterprises generated 45% of India’s manufacturing output. A whooping 40% of India’s exports are done by MSMEs, across various industries. No other sector or vertical contributes to India’s overall business and economy than MSMEs, and the growth is only increasing.

To help MSMEs and make them more empowered, the government of India has introduced several loan schemes for MSMEs. The sole purpose of such a Government Subsidy Loan for Business is to empower MSMEs financially and make them capable of generating more business, creating more employment, and contributing more towards India’s economy. In this video, we talk about 3 such schemes.

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