₹3 trillion backed by government guarantee, and updated definition of MSMEs, besides expediting payment of pending dues.Meanwhile, the report on Jobs, Growth and Sustainability said that sustained revival of MSMEs hinges on addressing the challenge of rampant informality through deep structural and regulatory reforms.
This can begin with proper identification of the enterprises and establishing accountability of all stakeholders.“It is difficult for central and state governments to provide financial and in-kind relief measures to MSMEs and their workers due to lack of identification and sector-wise association of MSMEs and their employees," it said.It proposed creation of a nationwide, centralised digital platform, MISHRII (MSME Information.