Flagship Schemes of the Ministry of Micro, Small and Medium Enterprises
Last updated: 2026-11-13 · MockMentor
MSMEs are central to RBI Grade B Finance and ESI papers, through priority sector lending, credit guarantees and delayed payments. The Ministry of MSME's schemes cover new enterprises (PMEGP), credit guarantees (CGTMSE), traditional industries (SFURTI, PM Vishwakarma), rural incubation (ASPIRE), competitiveness (MSME Champions, RAMP) and equity (Self-Reliant India Fund).
Schemes at a glance
| Scheme | Launched | What it does |
|---|---|---|
| PM Employment Generation Programme (PMEGP) | 2008-09 | Subsidy-linked loans for new micro enterprises |
| CGTMSE | 30 August 2000 | Credit guarantee for collateral-free MSE loans up to ₹10 crore |
| SFURTI | 2005-06 (revamped 2014) | Clusters for khadi, coir and village industries |
| ASPIRE | Continued 2021-22 to 2025-26 | Livelihood business incubators in rural areas |
| MSME Champions | Merged CLCS-TUS components | ZED, Lean and innovation support for MSMEs |
| RAMP | 30 June 2022 | World Bank-backed programme to raise MSME performance |
| Self-Reliant India Fund | 2020 | ₹50,000 crore fund of funds for MSME equity |
| PM Vishwakarma | 17 September 2023 | Skills, toolkits and cheap credit for 18 traditional trades |
Key MSME rules to know
| Rule | Detail |
|---|---|
| Definition (from 1 April 2025) | Micro: investment up to ₹2.5 crore, turnover up to ₹10 crore; Small: ₹25 crore and ₹100 crore; Medium: ₹125 crore and ₹500 crore |
| Delayed payments | Buyers must pay within 45 days (with agreement) or 15 days; Section 43B(h) of the Income Tax Act denies the deduction otherwise |
| TReDS | Companies with turnover of ₹250 crore+ must register for invoice discounting |
| Public procurement | 25% of Central purchases from MSMEs, including 4% from SC/ST and 3% from women-owned units |
| Priority sector | 7.5% sub-target for micro enterprises |
Complete scheme notes in our courses: these pages give a quick, exam-focused picture. Our Super-Elite and Elite courses carry full scheme chapters with every update merged in, plus fortnightly scheme MCQs. Compare the courses.
MSME schemes: all pages
- PM Employment Generation Programme (PMEGP)
- CGTMSE
- SFURTI
- ASPIRE
- MSME Champions
- RAMP
- Self-Reliant India Fund
- PM Vishwakarma
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