. In order to boost the MSME sector, several schemes are operational. Some of the major initiatives taken for the development of this sector are :
- Many financing bodies like IDBI and SIDBI provide concessional loans. Credit Guarantee Fund was established in 2000 to ensure supply of credit without Credit Linked Capital Subsidy and Credit Guarantee Scheme are other schemes for provision of capital and funding.
- To enable greater access to finance by Small and Medium Enterprises (SME), two SME exchanges launched in Mumbai recently.
- Cluster Approach – MSE-Cluster Development Program has been launched.
- For skill development, entrepreneur skill development programs are launched to generate first generation of entrepreneurs. NSDC has also been formed.
- Import and Export Incentives in form of exemption from duty and reimbursement of export duty
- Marketing support is also provided and National Small Industries Cooperation has 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z"/> Subscribe on YouTube