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MSME Support and Initiatives for Food Businesses in India

Micro, Small, and Medium Enterprises (MSMEs) are a vital part of India’s economy, contributing over 40% of exports, 45% of industrial output, and nearly 8% of the GDP. Often called the "backbone of India," these businesses manufacture, produce, process, or preserve goods as their main activity.

We help MSMEs grow and succeed by providing expert guidance and support suited to their needs. Our consulting services focus on boosting economic growth, creating job opportunities, and supporting development in rural and underdeveloped areas, helping MSMEs strengthen both their business and the wider economy.

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Rakhumai Engineering

Features of New MSME Initiatives

The Indian government has introduced several measures to support MSMEs under the MSMED Act, 2006, and we help businesses make the most of these opportunities:

  • Collateral-Free Loans: We help MSMEs access loans without security.
  • Rs. 3 Lakh Crore Loan Support: We assist in tapping into this fund to boost growth.
  • 12-Month Moratorium: We guide MSMEs through a one-year repayment grace period.
  • Unified Treatment: Manufacturing and service MSMEs get a 48-month repayment term.
  • Guaranteed Credit Score: We make sure MSMEs are well-positioned for a 100% credit score.
  • Reclassification Benefits: We help 45 lakh units benefit from updated MSME classifications.

Benefits for Small and Growing Enterprises

Easy Loan Access

Longer Repayment Period

Credit Score Security

Business Growth Boost

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Ready to access government-backed support for your business?

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FAQ's

Frequently Asked Questions

Who is not eligible for MSME?

Businesses that do not meet the investment or turnover criteria under the MSMED Act are not eligible.

What are the government schemes for MSME?

Schemes include collateral-free loans, credit guarantee support, reclassification benefits, and moratorium on repayments.

What are the 5 Government initiatives for MSME?

Key initiatives are: Collateral-Free Loans, Rs. 3 Lakh Crore Fund, 12-Month Moratorium, Unified Treatment, and Guaranteed Credit Score.

How can we help businesses access MSME benefits?

We provide guidance to apply for loans, schemes, and credit benefits, making sure easy access to government support.

Can Rakhumai Engineering benefit from MSME schemes?

Yes, Rakhumai Engineering can leverage MSME loans and support to grow its business and manage finances efficiently.

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