Interest Subvention Scheme for Micro, Small and Medium Enterprises Sector GOVERNMENT OF INDIA MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRIS...
INTEREST SUBVENTION SCHEME FOR MSME SECTOR
SHRI NAYAB SINGH:
SHRI JOHN BARLA:
Will the Minister of MICRO, SMALL AND MEDIUM ENTERPRISES be pleased to state:
(a) whether under “Interest Subvention Scheme”, the Government has added provisions in the scheme through amendment for access of credit at low cost and to increase production in Micro, Small and Medium Enterprises (MSMEs) sector;
(b) the name of the MSMEs industries which are provided further incentives under the said scheme;
(c) the details of the arrangements made to expand coverage and access under above scheme for MSME sector; and
(d) the number of people in Haryana getting benefit under the scheme in MSME sector?
(SHRI NITIN GADKARI)
(c): In order to expand coverage, as per extant guidelines issued by RBI, all scheduled commercial Banks (including Regional Rural Banks) and RBI registered systemically important NBFCs are made eligible institutions under Interest Subvention Scheme for MSMEs. Further, to expand coverage, besides manufacturing and service enterprises covered under MSMEs, trading enterprises have also been included under interest subvention scheme. The scheme has also been modified and made very simple for eligible lending institutions to extend benefits to MSMEs in December 2019.
(d): In the State of Haryana 45,404 MSMEs have been benefitted from the scheme. An aggregate amount of Rs.27.08 crore was released to the above units in Haryana involving a loan of Rs.1354 crore till 12.09.2020.