New Delhi, June 11 -- Over the past 11 years, the Government of India has implemented a series of significant policy measures aimed at strengthening the Micro, Small, and Medium Enterprises (MSME) sector.

These initiatives span areas such as credit support, payment facilitation, formalisation, and ease of doing business-especially critical during the COVID-19 crisis.

The government enhanced public procurement requirements for MSMEs, increasing mandatory procurement from 20 percent to 25 percent.

Under the Emergency Credit Line Guarantee Scheme (ECLGS), MSMEs received additional loans equivalent to 20 percent of their outstanding amounts without requiring collateral security.

The Credit Guarantee Trust for Micro and Small Enterprises (...