BuzzBytes New Delhi, December 11, 2023— The Reserve Bank of India reports that the credit outstanding to the Micro, Small, and Medium Enterprises (MSME) sector stands at 22.60 lakh crore at the end of March 2023. The government, through various schemes, promotes easy credit facilities for MSMEs. Initiatives like the Prime Minister’s Employment Generation Programme, Pradhan Mantri Mudra Yojna, and PM Vishwakarma Scheme contribute to fostering entrepreneurship and economic growth.
The government’s focus on providing financial support to MSMEs reflects its commitment to building a robust and inclusive economy.
