Elections 2024: 10 promises by Modi govt for SMEs, startups

Image source: ANI May 28, 2024 Ramees

Work with the private sector to expand the incubator network and link them with higher education institutes to promote entrepreneurship among our students

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Expand the existing Startup India Seed Fund Scheme and Startup Credit Guarantee Scheme to ensure adequate funds for our start-ups in their entrepreneurial journeys

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The Mudra loan limit will be doubled up to ₹20 lakh and provided to entrepreneurs who have availed and successfully repaid previous loans under the Tarun category

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Use the Digital India infrastructure developed over the last 10 years to create a robust and easy Digital Credit solution to support the growth of small traders and MSMEs.

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Reduce compliances for small traders and MSMEs to enhance their ease of living and ease of doing business

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Create a suite of public cybersecurity products to help small traders and MSMEs protect themselves against the cyber threats and frauds

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Launch affordable insurance products for small traders and MSMEs to protect them from accidents like fire, theft, natural disasters etc

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Simplify the GST portal to increase accessibility to users, especially MSMEs and small traders

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Expand the network of Dak Ghar Niryat Kendras to provide easy export facility to MSMEs, Small Traders, and Vishwakarma Families.

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Modernize traditional crafts by facilitating design interventions by collaborating with design skill institutes and setting up a Handicraft Design Bank to upskill traditional artisans

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