22.83 Lakh Micro, Small and Medium Enterprises (MSMEs) was registered on Udyog Aadhaar Portal in the country from March 2018 to March 2019.
The Ministry of MSME facilitates access to finance for Micro and Small Enterprises through its schemes/programs namely Prime Minister’s Employment Generation Program (PMEGP), Credit Guarantee Scheme for Micro and Small Enterprises and Credit Linked Capital Subsidy Scheme.
The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) was launched by the Government of India to make available collateral-free credit to the micro and small enterprise sector. This has also helped in better credit flow to the micro and small enterprises.
PS - This information was given by Shri Nitin Gadkari, Union Minister for Micro, Small and Medium Enterprises in a written reply to a question in Lok Sabha today.