3.5 lakh crore for MSMEs, says PM Modi

Prime Minister Narendra Modi said that the Central government has ensured 3.5 lakh crore for micro, small and medium enterprises MSMEs. He was speaking about the Udyami Bharat programme at Delhi s Vigyan Bhawan earlier in the day.

PM Modi said that when the biggest crisis came, we decided to save our small businesses and give them new strength. The central government has provided 3.5 lakh crore for MSMEs under the Emergency Credit Line Guarantee Scheme. He said that the government has taken a resolve to make local products global and initiatives have been introduced to strengthen India's Make in India supply chain. He said that the Centre has released a self-reliant fund of Rs 50,000 crore for the sector and increased the budgetary outlay for the sector by over 650 per cent.

The PM said that the government has decided to do away with global tenders for orders up to 200 crore in order to promote local production.

He urged MSMEs to register on the GeM portal and said that if India earns Rs 100 today, Rs 30 comes because of our MSME sector for us. MSME means maximum support to micro, small and medium enterprises. The government will be able to buy your products.