Government Enhances MSME Support with New Initiatives

The Government of India has introduced several measures to improve credit flow and liquidity for Micro, Small, and Medium Enterprises (MSMEs). Key initiatives include an additional Rs. 9,000 crore for the Credit Guarantee Scheme, increased loan guarantees, the launch of the PM Vishwakarma scheme for artisans, and the establishment of the Self Reliant India Fund with Rs. 50,000 crore for equity funding. The SAMADHAAN Portal has been enhanced for timely payment settlements, and the RBI's Unified Lending Interface aims to simplify the credit process.

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