New Delhi, Dec. 2 -- The government has implemented multiple initiatives to improve access to finance, ensure timely payments, and promote technology adoption for micro and small enterprises across India.

Under the Credit Guarantee Scheme (CGS), the corpus of the Credit Guarantee Fund Trust for MSEs has been augmented by Rs 9,000 crore, enabling additional credit of Rs 2 lakh crore at lower costs. The scheme now offers a guarantee ceiling of Rs 10 crore with coverage up to 90 per cent for eligible loans.

This information was provided by Minister of State for Micro, Small and Medium Enterprises (MSME) Shobha Karandlaje to the Rajya Sabha on Monday.

To address delayed payments, the Ministry has implemented the SAMADHAAN Portal for monito...