​MSMEs: 2nd Engine of Development

  • Revision in classification criteria for MSMEs: The investment and turnover limits for classification of all MSMEs to be enhanced to 2.5 and 2 times respectively.
  • Credit Cards for Micro Enterprises: Customized Credit Cards with Rs 5 lakh limit for micro enterprises registered on Udyam portal, 10 lakh cards to be issued in the first year.
  • Fund of Funds for Startups: A new Fund of Funds, with expanded scope and a fresh contribution of Rs 10,000 crore to be set up.
  • Scheme for First-time Entrepreneurs: A new scheme for 5 lakh women, Scheduled Castes and Scheduled Tribes first-time entrepreneurs to provide ....
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