Recognizing the importance of SMEs in fostering monetary boom, the Indian government has brought several initiatives to assist and promote entrepreneurship. MUDRA Yojana: Launched by way of the government, the Pradhan Mantri MUDRA Yojana targets to provide monetary aid to small corporations. It categorizes loans into 3 segments—Shishu, Kishor, and Tarun—based at the degree of enterprise development. Credit Guarantee Fund Scheme: The Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGTMSE) helps collateral-loose credit to MSEs with the aid of offering a assure cowl to the banks and economic institutions. Stand-Up India: This initiative encourages entrepreneurship amongst ladies and people belonging to Scheduled Castes (SC) and Scheduled Tribes (ST) by presenting financial assistance and support for putting in place Greenfield companies.