Last updated: December 22, 2022
- overview
- strengths
- policies
- agencies
The MSME Ministry heads five statutory bodies—KVIC, Coir Board, NSIC, NI-MSME and the MGIRI
11.26 million
Orders placed on the GeM portal as of September 2022
US$ 9.15 billion
loan amount disbursed under the Pradhan Mantri MUDRA Yojana (PMMY) scheme
US$ 2.14 billion
Budget allocation for MSMEs in FY22
US$ 39.90 billion
valuation of loans sanctioned under the PMMY scheme
SAMBHAV
a national-level awareness programme to push economic growth by promoting entrepreneurship and domestic manufacturing
India Export Initiative
will help exports reach its US$ 400 billion target by the end of FY22
Factoring Regulation (Amendment)
introduced to expedite the payments ecosystem for MSMEs
US$ 40.85 billion
collateral-free automatic loans for businesses
