The Indian government has launched several schemes and policy measures, including those in Union Budget 2025–26 and prior, to bolster the MSME sector. These are:
Udyam Registration Portal: An online platform simplifying MSME registration, granting access to advantages like unsecured loans and subsidies.
PM Vishwakarma Scheme: Designed to aid traditional artisans and craftspeople via financial assistance, training, and market opportunities.
PMEGP (Prime Minister’s Employment Generation Programme): Offers credit-linked subsidies to micro-enterprises to promote self-employment.
SFURTI (Scheme of Fund for Regeneration of Traditional Industries): Supports cluster-based development of traditional industries to improve productivity and competitiveness.
Public Procurement Policy: Requires a minimum percentage of government purchases to be from MSMEs, enhancing market access and revenue.
Access to Credit and Technology: The government has established provisions for reduced-cost credit, digital platform integration, and support for innovation and start-ups.
These initiatives demonstrate the government's dedication to strengthening MSMEs by improving their access to finance, technology, and markets.