Self-Reliant India Fund Extends Rs 15,442 Crore Equity Funding to 682 MSMEs
The Self-Reliant India Fund has made a significant stride in bolstering the micro, small, and medium enterprises (MSMEs) sector by disbursing Rs 15,442 crore in equity funding to 682 MSMEs. This initiative is part of the government's broader strategy to enhance economic resilience and promote indigenous business growth under the Self-Reliant India campaign.
Expansion of Programme Scope and Activities
The programme has been notably expanded to include project costs and an enhanced scope of activities, allowing MSMEs to access funds for a wider range of operational and developmental needs. This expansion is designed to support businesses in scaling up, innovating, and improving their competitiveness in both domestic and international markets.
Operational Challenges Faced by MSMEs
Despite the substantial funding, MSMEs continue to grapple with operational challenges that affect their liquidity and sustainability. Key among these issues are delayed payments, which particularly impact micro-suppliers. These delays can strain cash flows, hinder growth, and create financial instability for smaller enterprises that rely on timely payments to manage their day-to-day operations.
The government and stakeholders are urged to address these payment delays through policy interventions and better enforcement of existing regulations to ensure that the benefits of funding reach MSMEs effectively. By tackling such challenges, the Self-Reliant India Fund can further empower MSMEs to contribute more robustly to the nation's economic development and job creation efforts.
