Government to provide 15 per cent of equity to successful MSMEs

In its zest to facilitate Micro, Small and Medium Enterprises (MSME) to raise funds in the capital market, the Central government has decided to provide 15 per cent of the equity to successful MSMEs and those with a good record of GST and income tax and bank turnover, according to MSME minister, Nitin Gadkari.He was speaking at an event organised by the Ministry of External Affairs (MEA) for the run-up to the Pravasi Bhartiya Divas (PBD) Convention 2021.

 “Presently we are all facing the problem due to COVID-19. We need liquidity investment in MSME and investment in MSME is very attractive, hence we ruled out a soft loan of Rs 3 lakh crore,” he said. " MSMEs have created 11 crore jobs in the country and there is an immediate need for investments into the MSME sector," he added. The minister further said that the government was taking apt measures to make the system transparent and bring time-bound results for the investors.