Editor-DN
The budget has also given high priority to small and medium enterprises as they have the potential to generate large number of jobs.
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New Delhi: The total number of new jobs created by micro, small and medium enterprises (MSMEs) in the country has increased by nearly 10 crore in the last 15 months, according to the government’s entrepreneurship portal. The data shows.
According to the data, the number of registered MSMEs has now increased to 5.49 crore from 2.33 crore in August last year while the number of jobs reported by these enterprises has increased from 13.15 crore to 23.14 crore during the period. .
Total employment also includes 2.84 crore jobs through 2.38 crore informal micro units registered with the government through entrepreneurship certification and 5.23 crore women jobs. Out of the total registered units, 5.41 crore are micro enterprises while 7.27 lakh small enterprises and 68,682 medium enterprises only.
Small and medium enterprises have also been given high priority in the budget as they have the potential to generate large number of jobs.
The Union Budget 2024-25 allocated Rs 22,137.95 crore for the MSME Ministry, which is 41.6% higher than the previous financial year. The budget includes a number of measures to support MSMEs, including a new scheme to provide term loans to manufacturing MSMEs without collateral or third-party guarantees.
Mudra loan limit increased to Rs 20 lakh for entrepreneurs who have repaid previous loans under “Tarun” category. The turnover limit for buyers has been reduced from Rs 500 crore to Rs 250 crore.
Financial support for setting up food irradiation units and food quality and safety testing labs. In addition, public sector banks were asked to develop in-house capabilities to assess MSMEs for credit using digital footprint scoring.
The budget also recognizes the importance of digital transformation for MSMEs, with only 6 percent of MSMEs actively selling on e-commerce platforms.
“A new scheme will be introduced to provide term loans to MSMEs for purchase of machinery and equipment without guarantee or collateral. This guarantee fund will provide a guarantee of up to Rs. 100 crore,” the finance minister said. will do.”
