3 Sub-Schemes under Programme- Launched

  • By the Union Minister for MSME Shri Narayan Rane.
  • MSME Green Investment and Financing for Transformation Scheme (MSME GIFT Scheme): to help MSMEs adopt green technology with interest subvention and credit guarantee support.
  • MSE Scheme for Promotion and Investment in Circular Economy (MSE SPICE Scheme): to support circular economy projects through credit subsidy to move towards zero emissions by 2070.
  • MSE Scheme on Online Dispute Resolution for Delayed Payments: to synergise legal support with modern IT tools and Artificial Intelligence to address the incidences of delayed payments for Micro and Small Enterprises.
  • The Ministry exchanged a Memorandum of Understanding with the implementing agencies SIDBI (for MSME GIFT and MSME SPICE schemes) and with National Informatics Centre Services Inc. (for NICSI) for the MSE ODR scheme.
Posted in Current Affairs.