news

Government Advances Support for MSMEs with Enhanced Financial Initiatives

Official Press

Official Press

Share

The Government of India has announced several initiatives to strengthen financial support for Micro, Small, and Medium Enterprises (MSMEs). These include increasing the Credit Guarantee Trust Fund ceiling from Rs. 5 Crore to Rs. 10 Crore and offering Margin Money subsidies up to 35% under the Prime Minister's Employment Generation Programme. Artisans in 18 traditional trades can avail of loans up to Rs. 3 Lakh with an 8% interest subvention under PM Vishwakarma. Additionally, the Self Reliant India Fund will inject Rs. 50,000 Crores into MSMEs. Other measures aim to facilitate easier access to credit, exemplifying the government's commitment to empowering MSMEs as key drivers of economic growth.

Source: Original Link

Read more

APEDA Launches First Sea Shipment of Botanical-Infused Millet Foods to New Zealand

The Agricultural and Processed Food Products Export Development Authority (APEDA) facilitated the maiden sea shipment of botanical-infused, ready-to-cook millet functional foods from Karnataka to New Zealand. This milestone underscores the expanding opportunities for India's millet-based agricultural exports, bolstered by participation in APEDA-supported international trade fairs. Source: Original Link