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Centre Implementing Many Schemes For MSMEs Under Atma Nirbhar Bharat: MoS Verma

He said that the central government had already extended Rs 5.00 lakh crore under Emergency Credit Line Guarantee Scheme (ECLGS) for businesses till 31 March 2023

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To address the uncertainties and unhealthy competition from corporate giants, 358 items are exclusively reserved for manufacture by micro and small enterprises; and no global tenders for procurement up to Rs 200 crore, said Minister of State for Micro, Small and Medium Enterprises, Bhanu Pratap Singh Verma in a written reply in the Rajya Sabha.

He said that the central government had already extended Rs 5.00 lakh crore under Emergency Credit Line Guarantee Scheme (ECLGS) for businesses till 31 March 2023.

The ECLGS covers all the sectors of the economy. Under this, a 100 per cent guarantee is provided to member lending institutions (MLIs) in respect of the credit facility extended by them to eligible borrowers, he said. 

"Government of India has announced Fund of Funds with the nomenclature Self Reliant India (SRI) Fund to infuse equity funding in MSMEs which have the potential and viability to grow. Under this scheme the Government has a provision of corpus of Rs 10,000 crore," he said. 

Meanwhile, the Ministry of MSME on 07 September 2021 assigned a study to the small industries development bank of India (SIDBI) to assess the impact of change in MSME classification on the MSME Sector. 

The report of the study submitted on 27 January 2022, reveals that 67 per cent of the respondent MSMEs were temporarily closed for upto a period of 3 months. 

The study reveals that around 65 per cent of the MSMEs surveyed, have availed of the benefits under ECLGS and around 36 per cent of the respondents also availed of loans under the credit guarantee fund trust for the MSE scheme.

The said study was based on a survey conducted by SIDBI taking a random sample pool comprising 1,029 MSMEs spread across 20 states and 2 Union Territories.