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91% MSMEs functional, 9% shut till Aug 2020 during Covid-19 pandemic: Govt

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MSME Sector. For instance, the government announced ₹20,000 crore Subordinate Debt for MSMEs; ₹3 lakh crore collateral-free automatic loans for businesses, including MSMEs (The limit of ₹3 lakh crore has been enhanced to ₹4.5 lakh crore); ₹50,000 crore equity infusion through Self Reliant India Fund; New registration of MSMEs through 'Udyam Registration' for Ease of Doing Business; and no global tenders for procurement up to ₹200 crore. "The Ministry of MSME also supports the growth and development of MSME sector in the country through its ongoing regular schemes and programmes which include Prime Minister's Employment Generation Programme (PMEGP), Scheme of Fund for Regeneration of Traditional Industries (SFURTI), Credit Guarantee Scheme

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