Lok Sabha Question No. 1213 (UNSTARRED), answered on 2023-02-09
Subject: Finance and Credit-lending Facility
Ministry: MICRO,SMALL AND MEDIUM ENTERPRISES
Asked by: Geetha Viswanath Vanga

## GOVERNMENT OF INDIA MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES

## LOK SABHA UNSTARRED QUESTION NO. 1213 TO BE ANSWERED ON 09.02.2023

## FINANCE AND CREDIT-LENDING FACILITY

## 1213. SHRIMATI VANGA GEETHA VISWANATH:

Will the Minister of MICRO, SMALL AND MEDIUM ENTERPRISES be pleased to state:

- (a) the details of the steps taken by the Government to address the issue of lack of adequate access to finances and credit-lending facilities;
- (b) whether  the  Government  has  considered  granting  loans  on  cash-flow  performances  instead  of collateral, especially to women in the MSME sector considering that women generally do not have assets in their name, which comes up as a problem while applying for collateral loans;
- (c) if so, the details thereof and if not, the reasons therefor;
- (d) the details of the women-owned enterprises in Andhra Pradesh registered on Udyam Registration Portal; and
- (e) the  details  of  the  loan  disbursed  under  the  Prime  Minister  Employment  Generation  Programme (PMEGP) to women-owned projects in Andhra Pradesh?

## ANSWER

## MINISTER OF STATE FOR MICRO, SMALL AND MEDIUM ENTERPRISES (SHRI BHANU PRATAP SINGH VERMA)

- (a): The Government has taken a number of recent incentives to boost up the MSME sector. Some of these include:
- i. Rs. 5.00 lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) for businesses, including MSMEs;
- ii. Rs. 50,000 crore equity infusion through Self Reliant India (SRI) Fund;
- iii.   New revised criteria for classification of MSMEs;
- iv.   No global tenders for procurement up to Rs. 200 crores;
- v. 'Udyam Registration' for MSMEs, for Ease of Doing Business;
- vi.   Launching  of  an  online  Portal  'Champions'  in  June,  2020  to  cover  many  aspects  of  egovernance including redressing grievances and handholding of MSMEs;
- vii. Inclusion of Retail and Wholesale traders as MSMEs;
- viii. Non-tax benefits extended for 3 years in case of an upward change in status of MSMEs.
- ix.   Launch  of  Udyam  Assist  Platform  on  11.01.2023  to  bring  Informal  Micro  Enterprises under the formal ambit for availing the benefit under Priority Sector Lending.
- x. Budget  2023-24  has  announced  the  infusion  of  Rs.  9,000  crore  in  the  corpus  of  Credit Guarantee Fund Trust for Micro & Small Enterprises to enable an additional credit of Rs. 2.00 lakh crore with reduced cost of credit.
- (b) & (c): The Credit Guarantee Scheme for Micro and Small Enterprises (MSEs) facilitates the flow of credit to MSEs without the hassles of collateral and third party guarantee. In FY 2022-23 (till Dec 2022), 2,77,444 guarantees amounting to Rs 10,975 crore were issued to women entrepreneurs under the scheme.
- (d): The  number  of  the  women-owned  enterprises  in  Andhra  Pradesh  registered  on  Udyam Registration Portal from 1.7.2020 to 8.2.2023 are 1,03,585.
- (e): Under Pradhan Mantri Employment Generation Programme (PMEGP), as on 31.01.2023, 1316 number  of  women  led  projects  were  assisted  and  Rs.  59.78  crore  subsidy  was  extended  to  these women led projects.

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