Production Linked Incentive (PLI) Scheme for achieving the prime goal of ‘Atma Nirbhar Bharat’ has received excellent response from the domestic MSMEs, who were looking for the support from the government in the tough times.
The government believes that these sectors, with the help of the given scheme, have a potential to create more than 60 lakh new jobs and additional production of Rs 30 lakh crore during next five years, supporting the Indian Economy.
To aid the ailing sector, the honorable finance minister has announced an Emergency Credit Line Guarantee Scheme (ECLGS) extended up to March 2023 in the Budget.
This scheme guarantees cover extended by Rs 50,000 crore and now total up to Rs 5 lakh crore. MSMEs such as Udyam, e-shram, NCS & Aseem portals will be inter-linked, their scope will be widened.