The Government of India continues to support the establishment, promotion, and growth of Micro, Small, and Medium Enterprises (MSMEs) through a wide range of schemes, programmes, and policy measures. Key initiatives include the Prime Minister’s Employment Generation Programme (PMEGP), Credit Guarantee Scheme for Micro and Small Enterprises, Micro and Small Enterprises – Cluster Development Programme (MSE-CDP), Entrepreneurship Skill Development Programme (ESDP), Procurement and Marketing Support Scheme (PMSS), Raising and Accelerating MSME Performance (RAMP), International Cooperation Scheme, Tool Rooms, Technology Centre System Programme (TCSP), National SC/ST Hub (NSSH), MSME Champions, and PM Vishwakarma, among others.
The Udyam Registration Portal, launched on 1 July 2020 with revised MSME classification norms, has reported employment generation of 28.73 crore jobs across India (including data from the Udyam Assist Platform) between 1 July 2020 and 31 July 2025.
Recent measures for MSME development include:
Ease of Doing Business: Introduction of Udyam Registration and launch of the Udyam Assist Platform to formalise Informal Micro Enterprises (IMEs) for Priority Sector Lending benefits.
Inclusion of retail and wholesale traders under MSME classification from 2 July 2021.
Revamp of the Credit Guarantee Scheme with ?9,000 crore fund infusion to enable additional credit of ?2 lakh crore for MSEs, boosting employment.
Launch of PM Vishwakarma (17 September 2023) to provide comprehensive support to traditional artisans and craftspeople in 18 trades.
Creation of the Self-Reliant India (SRI) Fund with ?50,000 crore for equity infusion into high-potential MSMEs.
Collateral-free loans up to ?10 crore (effective 1 April 2025) with up to 90% guarantee coverage under CGTMSE.
Establishment of the Trade Receivables Discounting System (TReDS) to address delayed payments by enabling electronic financing of MSME receivables from corporates, PSUs, and government departments.
Enhancement of maximum project cost under PMEGP—from ?25 lakh to ?50 lakh for manufacturing and ?10 lakh to ?20 lakh for services—expanding scheme coverage.
This information was provided by Minister of State for MSME, Sushri Shobha Karandlaje, in a written reply to the Rajya Sabha.