The Government of India offers a wide array of schemes for Micro, Small, and Medium Enterprises (MSMEs) across various ministries. Here’s a consolidated list categorized by the respective ministries:
Ministry of Micro, Small & Medium Enterprises (MoMSME)
The MoMSME is the primary body overseeing MSME development in India. Key schemes include:
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Prime Minister’s Employment Generation Programme (PMEGP)
Provides financial assistance for setting up new enterprises in non-farm sectors. Reuters+4India Government Portal+4nimsme.gov.in+4 -
Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)
Offers collateral-free credit to micro and small enterprises. India Government Portal+1Reuters+1 -
Credit Linked Capital Subsidy Scheme (CLCSS)
Facilitates technology upgradation by providing capital subsidy. India Government Portal+7DC MSME+7DC MSME+7 -
Scheme of Fund for Regeneration of Traditional Industries (SFURTI)
Aims to organize traditional industries and artisans into clusters for increased competitiveness. nimsme.gov.in -
A Scheme for Promotion of Innovation, Rural Industries and Entrepreneurship (ASPIRE)
Promotes innovation and entrepreneurship in rural areas. -
Micro & Small Enterprises Cluster Development Programme (MSE-CDP)
Supports the development of infrastructure and common facilities in clusters. -
Entrepreneurship and Skill Development Programme (ESDP)
Provides training to develop entrepreneurial skills. Reuters -
International Cooperation (IC) Scheme
Assists MSMEs in participating in international exhibitions and trade fairs. National Government Services Portal+1DC MSME+1 -
Procurement and Marketing Support (PMS) Scheme
Enhances market access for MSMEs. -
MSME Champions Scheme
Focuses on supporting MSMEs in terms of finance, technology, and market access. -
National SC-ST Hub Scheme
Promotes entrepreneurship among Scheduled Castes and Scheduled Tribes. -
Raising and Accelerating MSME Performance (RAMP)
A World Bank-supported program to improve MSME productivity and financing. nimsme.gov.in -
Self-Reliant India (SRI) Fund
Provides equity funding to MSMEs for growth and expansion. nimsme.gov.in -
Coir Vikas Yojana (CVY)
Supports the coir industry through skill development and infrastructure support. India Government Portal+1India Government Portal+1 -
Khadi Gramodyog Vikas Yojana
Promotes khadi and village industries through various initiatives. India Government Portal+3India Government Portal+3India Government Portal+3 -
Digital MSME Scheme
Encourages MSMEs to adopt digital tools and technologies. -
ZED (Zero Defect Zero Effect) Scheme
Promotes quality manufacturing with minimal environmental impact. Reuters -
Lean Manufacturing Scheme
Aims to enhance manufacturing competitiveness through lean techniques. DC MSME -
Tool Rooms and Technical Institutions
Provides technical support and training to MSMEs.
Ministry of Finance
The Ministry of Finance supports MSMEs through financial schemes:
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Credit Guarantee Scheme for Manufacturing MSMEs
Announced in the 2024-25 budget, this scheme allows MSMEs to acquire machinery and equipment without collateral by pooling credit risks. A self-financing guarantee fund will cover up to ₹1 billion per applicant. Reuters -
MUDRA Loans
Provides micro-financing to non-corporate, non-farm small/micro enterprises. The loan limit has been doubled to ₹2 million for entrepreneurs who have repaid previous loans. Reuters
Ministry of Skill Development and Entrepreneurship (MSDE)
The MSDE focuses on skill development for MSMEs:
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National Skill Certification and Monetary Reward (STAR) Scheme
Encourages skill development among youth by providing monetary rewards for successful completion of approved training programs. National Government Services Portal
For more detailed information and application procedures, you can visit the National Portal of India and the National Institute for Micro, Small and Medium Enterprises (ni-msme).
If you need assistance in identifying schemes specific to your business needs or sector, feel free to ask!