The world of MSMEs is highly polarized. Of the 11.5 million manufacturing MSMEs(4th census), 99% are MEs and less than 1 % are SMEs. also 91% of the units are unregistered. Interestingly the pain points that constrain the growth prospects of MEs and SMEs are not similar on many occasions. one prime issue that cripples MEs is access t o formal finance. The major obstacles are registration of units, availability of small-value loan at competitive rates and efforts of formal finance to reach MEs. SMEs which start business either from home or rented premises, often end up operation from non-industrial land-almost a no-no as per banking norms. most SMEs are not even aware of scores of labour laws, leave aside the intricacies and confusions. about 95% SMEs are proprietary/partnership and are mostly one person shows. they need affordable and quality business development service providers.
To promote the development of the industrial sector, especially MSME sector, the government has introduced various schemes that provide financial subsidy to the eligible enterprises. Some of these subsidy schemes are specifically for certain industrial sectors, while some of them like CLCSS are available for a wide range of industries.
Following refund/reimbursement can be availed from Ministry of Small & Medium Enterprises [MSME] for the following schemes:-