The Ministry of Micro, Small & Medium Enterprises on 25th July 2022, in its written reply to the Rajya Sabha, has notified various initiatives under the Aatma Nirbhar Bharat Abhiyan to mitigate the negative impact of Covid-19 on small businesses including revival of demand for products and services in the country.
The Initiatives Under the Atmanirbhar Bharat Package are as follows:
- Credit Guarantee Scheme Subordinate Debt (CGSSD) for stressed MSMEs.
- Guaranteed Emergency Credit Line (GECL) / Emergency Credit Line Guarantee Scheme (ECLGS) for Businesses, including MSMEs. As on 30.06.2022, around 1.19 crore businesses (including 1.13 crore MSMEs) have been provided collateral free loans amounting to Rs.3.48 lakh crore (Rs.2.32 lakh crore to MSMEs) under ECLGS scheme.
- Equity infusion through Self-Reliant India (SRI) Fund. SRI Fund has been operationalised, daughter funds are being empanelled and through them MSMEs are benefitting.
- No global tenders for procurement up to Rs. 200 crores.
