Centre of Excellence
For Aspiring SMEs

A Joint Initiative by IFCI & FISME

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Bootstrap Themes

Schemes

A comprehensive list and details of government schemes focussed on promoting and supporting SME growth in the nation.

Overview of Govt. Initiatives on SMEs

SMEs are the backbone of the Indian economy, contributing approximately 30% of the country’s GDP (Gross Domestic Product), 45% of manufacturing output and providing employment to 11 crores of India’s population. The Government of India has been proactive to ensure that all the benefit of these SME schemes reaches to the SMEs in time. The Union Budget 2023-24 focuses on ease of doing business for SMEs.

SMEs are the backbone of the economies, driving innovation, creating jobs and contributing significantly to overall economic growth.
Shri Piyush Goyal

Union Ministry of Commerce and Industry, Consumer Affairs, Foods & Public Distribution and Textiles

Initiatives Implemented

1

Raising and Accelerating MSME Performance (RAMP)

2

Startup India Initiative

3

Venture Capital Assistance Scheme (VCA)

4

Qualcomm Semiconductor Mentorship Program (QSMP)

5

ATAL Innovation Mission

6

Startup India Seed Fund Scheme