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Despite government measures, as many as 3,057 women-led MSMEs were shut down post-Covid between July 1, 2020 and February 2, 2023, as per the government data. Credit and finance for MSMEs: The government’s Stand-Up India scheme, which enables credit for women and SC-ST entrepreneurs, has sanctioned 1.75 lakh loans amounting to Rs 39,517 crore as of February since its launch in April 2016. According to the data shared by the minister of state in the finance ministry Bhagwat Karad in a written reply to a question in the Lok Sabha, 1.40 lakh or 80 per cent of total loans amounting to Rs 32,161 crore – 81 per cent of the total amount — were sanctioned to women entrepreneurs. Read More
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Himanshu
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