The portal will aim to resolve the problems of MSMEs including those of finance, raw materials, labour, regulatory permissions, particularly those arising due to present-day Covid- induced difficult situation. Read more at: https://economictimes.indiatimes.com/small-biz/sme-sector/to-help-msmes-scale-prime-minister-narendra-modi-launches-technology-platform-champions/articleshow/76136661.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Credit and Finance for MSMEs: Cabinet has also approved the Rs 50,000 crore equity scheme for MSMEs, which was announced by the Finance Minister Nirmala Sitharaman, with a corpus of Rs 10,000.    

The scheme provides debt facility of up to 15 percent of the promoter contribution or Rs 75 lakh to the promoters.   https://www.moneycontrol.com/news/business/economy/cabinet-approves-rs-20000-crore-distressed-assets-fund-to-guarantee-up-to-85-msme-loans-5342691.html

The existing definition of MSMEs is done on the basis of investments put in, but the revised definitions now also include turnover of the company. Read more at: https://economictimes.indiatimes.com/small-biz/sme-sector/cabinet-approves-new-definition-of-msme-turnover-for-medium-enterprise-increased-to-rs-250-crore/articleshow/76132935.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst