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Women entrepreneurs registers under UAM and UR portal   The number of women entrepreneurs registered under Udyog Aadhaar Memorandum (UAM) and Udyam Registration (UR) portal of the Ministry of Micro, Small and Medium Enterprises, year-wise, during the period 01/04/2019 to 02/02/2022 is given in Annexure.   Udyam Sakhi portal ( http://udyamsakhi.msme.gov.in/ ) was launched in March 2018 to provide information regarding financial schemes, policies and programmes of the Ministry of Micro, Small and Medium Enterprises to existing/prospective women entrepreneurs in the MSME sector. The portal helps women to start, build and grow their businesses. A total of 3152 women have registered on the portal so far. Through an amendment to the Public Procurement Policy, the Government has mandated that all Central Ministries/ Departments and Public Sector Undertakings should procure at least 3% of their annual procurement from women owned micro and small enterprises.     Th...

Strengthening MSMEs, Lowering Corporate Tax Make in India, with particular emphasis on Micro, Small and Medium Enterprises, is one of the major focus areas of the Union Budget this year. Delivering her budget speech in Parliament today, Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman announced various proposals aimed at strengthening the sector. For ease of access to credit for MSMEs, Government has introduced scheme for providing of loans upto Rs. 1 crore within 59 minutes through a dedicated online portal. Under the Interest Subvention Scheme, Rs. 350 crore has been allocated for FY 2019-20 for 2% interest subvention for all GST registered MSMEs, on fresh or incremental loans. The Finance Minister also announced the Government’s intent to create a payment platform for MSMEs to enable filing of bills and payment on the platform itself to eliminate delays in government payments. The Finance Minister further informed that the Government has...