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The scheme has a provision of 25 per cent capital subsidy for procurement of service equipment through institutional credit to the SMEs for advancement of their technology.</p> <p style="text-align:justify">In July 2020, by redefining the MSMEs, the Finance Minister addressed the ‘fear’ of MSMEs losing their benefits under various schemes if they expanded.</p> <p style="text-align:justify">Please <a href="https://www.thehindubusinessline.com/opinion/msmes-engines-of-growth-for-new-india/article38101722.ece?homepage=true">click here</a> to read more.</p> ', 'credit_writer' => 'The Hindu Business Line, 3 January, 2022, https://www.thehindubusinessline.com/opinion/msmes-engines-of-growth-for-new-india/article38101722.ece?homepage=true', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'msmes-engines-of-growth-for-new-india-m-srikanth-and-kg-suresh', 'meta_title' => '', 'meta_keywords' => '', 'meta_description' => '', 'noindex' => (int) 1, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => null, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $imgtag = false $imgURL = 'The Hindu Business Line, 3 January, 2022, https://www.thehindubusinessline.com/opinion/msmes-engines-of-growth-for-new-india/article38101722.ece?homepage=true' $titleText = null $descText = '-The Hindu Business Line From easing access to credit to leveraging the PLI scheme, MSMEs can tap into a range of policy initiatives In November 2021 the government announced the Special Credit Linked Capital Subsidy Scheme for the MSMEs (Micro Small and Medium Enterprises) in the services sector. 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