GOVERNMENT INCENTIVE AND SUBSIDY FOR MSME

Micro, Small, and Medium Enterprises (MSMEs) form the backbone of India’s economy, contributing significantly to industrial growth, employment generation, and overall economic development. Recognizing their vital role, the government has introduced various schemes and subsidies aimed at supporting and nurturing the growth and development of MSMEs. In this article, we will explore who is eligible for MSME subsidies, eligibility criteria, registration process, types of subsidies available, and their impact on economic development.

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⬗ Definition of MSME

The classification of MSMEs is crucial for understanding the scope and scale of enterprises falling under this category. Traditionally, MSME classification was based solely on the criteria of investment in plant and machinery for manufacturing units and equipment for service enterprises. However, being based entirely on investment limits posed challenges for MSMEs looking to scale their operations while continuing to avail benefits. To address this issue and keep up with the evolving economic context, the government has introduced a revised MSME classification under the Atmanirbhar Bharat Abhiyan. This revised classification comprises a composite criterion of both investment and annual turnover.

⬗ Government Schemes for MSMEs

MSMEs add a significant contribution to India’s employment and overall economic growth. Recognizing their importance, the Government of India has implemented various schemes to support and promote the growth of MSMEs. These schemes are rolled out to support MSMEs with access to credit and provide financial and technological assistance.

COURSES INCLUDE:

📖 CAPITAL SUBSIDY
📖 MSME SCHEMES AND SUBSIDY
📖 PROJECT REPORT

FREQUENTLY ASKED QUESTIONS:
⬗ WHAT WILL BE THE TIMINGS OF THE TRAINING?

As this is a purely online Classes, offline Classes, Weekends Classes, and Weekdays Classes training program, you can choose to learn at any time of the day and for as much time as you want.

⬗ WHEN CAN I START THE TRAINING?

You can choose your preferred batch date while signing up for the training program and start accordingly.

⬗ CERTIFICATE WILL BE PROVIDED?

Yes, Certificate will be provided.

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Government Incentive & Subsidy for MSME