Timely finances, tech for MSMEs key policy priority: FM Nirmala Sitharaman

The government has prioritised the development of micro, small and medium enterprises (MSME) and introduced various initiatives to support them. Finance minister Nirmala Sitharaman announced the allocation of Rs 22,137 crore to the MSME ministry for FY25. The government has introduced schemes like Emergency Credit Line Guarantee Scheme (ECLGS) and TReDS to address delayed payments for MSMEs. Additionally, a voluntary settlement scheme has been introduced for settling contractual disputes involving the government.

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