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According to the Ministry of Micro, Small & Medium Enterprises report, there are over 12 million registered MSMEs in India. The MSME sector is undeniably the backbone of the country, contributing rapidly to the economic progress of the nation.<br>
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MSME Loan Schemes in India 2023 Best Payment Solution for Online Payments India
MSME Loan Schemes - Razorpay According to the Ministry of Micro, Small & Medium Enterprises report, there are over 12 million registered MSMEs in India. The MSME sector is undeniably the backbone of the country, contributing rapidly to the economic progress of the nation.
Therefore, significant steps have been taken by the Government of India and other financial institutions so that these businesses can receive adequate MSME loans schemeto ensure they can enjoy uninterrupted business growth. Here is a quick run-down of 10 such schemes that can be advantageous for this sector.
5 Best MSME Loan Schemes in 2023 • 1. MSME Business Loans in 59 Minutes • 2. Growth Capital and Equity Assistance Scheme (GEMs) • 3. Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGTMSE) • 4. Credit Linked Capital Subsidy Scheme for Technology Upgradation • 5. Prime Minister Employment Generation Programme (PMEGP)