In the Union Budget 2022, Finance Minister Nirmala Sitharaman said that new schemes will be launched to strengthen the Micro, Small, and Medium Enterprises (MSME). 6000 crores will be given in 5 years. Udayam, E-Shram, NCS, and Aseem portal will be interlinked. This will increase their chances even more. Now, these will be platforms working with the live organic database. These will provide credit facilities and create possibilities for entrepreneurship.
Finance Minister Nirmala Sitharaman is presenting the Union Budget for the country. In the paperless general budget being presented for the second time in a row, many important announcements have been made for the micro, small and medium enterprises i.e. MSMEs. More than 130 lakh MSMEs have been given loans under the Emergency Credit Line Guarantee Scheme. The scope of ECLGS has been increased from Rs 50,000 crore to Rs 5 lakh crore. With this, an additional loan of Rs 2 lakh crore will be available. Finance Minister Nirmala Sitharaman said that enterprise, e-shram, NCS, and Aseem portals will be linked. This will increase the scope of MSMEs. The government's emphasis is also on the strength of domestic industries. The Finance Minister said that Rs 2 lakh crore will be given to small and small scale industries.
At the same time, small industries (MSMEs) will be given help from the credit guarantee scheme. It was said that the Railways will create new products and efficient logistics services for small farmers and small and medium enterprises. The portals of Udyam, e-shram, NCS, and Aseem will be inter-linked, which will widen their reach. These portals will provide G-C, B-C & B-B services. Which will include credit facilities, increasing entrepreneurial opportunities.
A significant contribution to the GDP of the country
The MSME sector, which accounts for 30 percent of the country's Gross Domestic Product (GDP) and 48 percent of the country's exports, has been devastated by the outbreak of the Corona epidemic. This is the reason that in the budget for the upcoming financial year 2021-22, the government will have to make budgetary provisions for the MSME ministry like other big ministries. 15,700 crore was allocated for the MSME sector in the last budget i.e. FY 2021-22.
Tennis: Diya Chitale gives U Mumba second consecutive win, defending champions Chennai Lions defeated in a thrilling match
In Ultimate Table Tennis Season 4, the Mumbai team achieved its second consecutive victory. Mumbai beat defending champions Chennai 8-7 at the Shiv Chhatrapati Sports Complex on Sunday. Young Indian
India's first delegation will set out today on a mission, 'Pak Expose', the world will see the real face of Pakistan with evidence.
After the terrorist attack in Pahalgam on 22 April, India has tightened its grip on Pakistan and terrorism on every front.
Economic Crisis: Economic crisis also surrounded Bangladesh, now hope for help from IMF only
Bangladesh is now going to start talks with the International Monetary Fund (IMF) to get loans amid the continuous fall in foreign exchange reserves. Bangladesh sent its application for the loan to
Central Government: Government companies go to bankruptcy court to close loss-making units
The government has said that government companies should go to bankruptcy court to wind up loss-making enterprises. This will speed up the solution. The government wants to reduce its holding in these
COVID Update: Corona cases increased again, 3712 new cases in 24 hours, Mumbai figures started to scare, Uddhav called a meeting
Corona cases have started increasing once again in the country. 3712 new infections have been found in the 24 hours ended Thursday morning. During this five people died of the epidemic. Active cases
US Alaska: 7.4 magnitude earthquake in Alaska, tsunami warning in coastal areas
Earthquake tremors have been felt in Alaska, USA. The intensity of the earthquake has been measured at 7.4 on the Richter scale. The news of the loss of life and property has not come to the fore. A
Submarine Museum: Country's second submarine museum to be built in Bengal, inspiration to make a career in the Navy
The Indian Navy is going to build a submarine museum in West Bengal. Its process has already started. This will be the second Navy submarine museum in the country after Visakhapatnam. It will be
Shubman Gill created history, gave India a record win at Edgbaston; Gavaskar's 49-year-old record broken.
A new chapter has been added to Indian cricket history. In the second Test match played at Edgbaston, Team India defeated England by 336 runs and tied the series 1-1. In this match, Shubman Gill
Ahmedabad Plane Crash: Home Minister Shah expressed grief over the plane crash, The Aviation Minister said - we are keeping an eye on the situation
A major plane crash occurred in Ahmedabad, Gujarat on Thursday. The plane is said to be of Air India, in which more than 200 passengers were on board. After this accident, the operation of Sardar
Ranveer Allahabadia will get relief in the indecent comment case! The petition against the FIR will be heard in the Supreme Court today
Ranveer Allahabadia Case The Supreme Court will hear Ranveer Allahabadia's petition against the FIRs lodged over alleged indecent comments during a show on YouTube on Tuesday. A bench of Justices
