Tomorrow, PM Modi will introduce a number of initiatives to boost MSME

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On Thursday, June 30, Prime Minister Narendra Modi will introduce a number of initiatives as part of the “Udyami Bharat” programme.

The “Capacity Building of First-Time MSME Exporters” (CBFTE) programme, the “Raising and Accelerating MSME Performance” (RAMP) plan, and new elements of the “Prime Minister’s Employment Generation Programme” (PMEGP). every one of them, as part of the programme, will be introduced by the prime minister.

In addition, the National MSME Awards will be given out in 2022, the MSME Idea Hackathon results will be revealed in 2022, the PMEGP grantees will receive assistance digitally for the years 2022–2023, and 75 MSMEs in the Self Reliant India (SRI) Fund will receive Digital Equity Certificates.

“The government’s continued dedication to strengthening MSMEs’ empowerment from the inception is shown in Udyami Bharat. To support the MSME sector, which has helped millions of people nationally, the government periodically rolls out new initiatives like the MUDRA Yojana, Emergency Credit Line Guarantee Scheme, and Scheme of Fund for Regeneration of Traditional Industries (SFURTI).” The Prime Minister’s Office (PMO) stated in a statement.

The prime minister will also announce the “Raising and Accelerating MSME Performance” (RAMP) scheme, which has a budget of Rs 6,000 crore.