Advantage India
Sector
Overview
*As of March 2026, over 7.9 crore enterprises were registered across both platforms, 4.72 crore on the Udyam Portal and 3.21 crore on the Udyam Assist Platform. This marks a significant milestone in MSME digitization.
*The Union Ministry of Micro, Small, and Medium Enterprises has received an allocation of Rs. 23,168 crore (US$ 2.7 billion) in FY26 Union Budget, reflecting a 4.6% increase compared to the FY25 Budget.
Statutory
Bodies
*The MSME Ministry heads five statutory bodies; KVIC, Coir Board, NSIC, NI-MSME and the MGIRI
*These bodies are responsible for aiding MSMEs with respect to government schemes and policies
Government
Schemes
*The Government is promoting entrepreneurship and financial inclusion through the Pradhan Mantri Mudra Yojana (PMMY), which provides collateral-free institutional credit of up to Rs. 20 lakh (US$ 0.23 million) for non-corporate, non-farm income-generating activities. As of March 27, 2026, the scheme had sanctioned over 57.79 crore loans worth Rs. 40.07 lakh crore (US$ 453.39 billion), including Rs. 5.65 lakh crore (US$ 63.93 billion) sanctioned during FY26 (as on March 27, 2026).
*The Government is strengthening traditional livelihoods through the PM Vishwakarma Scheme. As of March 2026, over 30 lakh artisans had registered under the scheme, while nearly 5.9 lakh enterprise development loans worth Rs. 5,050 crore (US$ 571.42 million) and over 25.8 lakh toolkit incentive e-vouchers had been approved.
Policy
Support
*Under PMEGP, more than 10.71 lakh micro enterprises have been supported since inception through margin money subsidies worth Rs. 29,249.43 crore (US$ 3.3 billion). The scheme has generated estimated employment for 87 lakh+ persons, reinforcing entrepreneurship-led livelihood creation.
*The government has launched the Export Promotion Mission (EPM) with an outlay of Rs. 25,060 crore (US$ 2.76 billion) for FY26–FY31 to strengthen MSME exports. The mission provides trade finance support, interest subvention, credit guarantees and logistics assistance, while also improving market access, export compliance, branding and overseas warehousing to enhance the global competitiveness of Indian MSMEs.
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