Prime Minister's Employment Generation Programme (PMEGP): This scheme aims to generate self-employment opportunities by providing financial assistance for the establishment of micro-enterprises. It offers subsidized loans for both new and existing projects.
Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGTMSE): This scheme provides collateral-free credit facilities to micro and small enterprises by guaranteeing a portion of the loan amount. It encourages banks and financial institutions to extend credit to MSMEs without requiring third-party collateral.
MSME Development (MSMED) Act: The MSMED Act provides a legal framework for the promotion, development, and enhancement of competitiveness of micro, small, and medium enterprises. It includes provisions related to timely payments, credit facilitation, and other supportive measures.
Technology Upgradation Fund Scheme (TUFS): TUFS provides financial support for the modernization and upgradation of technology in the textile and jute industries.
