In this video ,we have discussed the new announcement by the Government of India providing collateral-free loans up to Rs 3 lakh crore. Also discussed the criteria for MSME. MSME has distributed into three parts that are MICRO, SMALL, AND MEDIUM .MSME also called small scale industry (SSI), Udhyog aadhar registration. Further discussed, the benefits of MSME. Also issued the definition of a collateral-free loan and how to apply for a collateral-free loan. MSMEs will now be called Micro units if they have investments upto Rs 1 crore and a turnover of less than Rs 5 crore. The definition earlier was on investment criteria of up to Rs 10 lakh for Service MSMEs earlier and Rs 25 lakh for manufacturing.
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