New Delhi, Feb. 8 -- The Minister of Micro, Small, and Medium Enterprises (MSME), Narayan Rane, announced in the Rajya Sabha that the government has taken significant steps to rejuvenate MSMEs adversely affected by the COVID-19 pandemic.
Rane revealed that a whopping Rs 2.41 lakh crore has been allocated as credit guarantee assistance to support the pandemic-hit sector.
Rane highlighted the remarkable progress witnessed, indicating that the GST revenue is now experiencing a steady rise of two percent annually post-COVID-19.
He attributed this resurgence to the government's credit schemes tailored for the MSME sector, which suffered a downturn and witnessed numerous closures during the pandemic.
Furthermore, Rane disclosed that expor...