Dear Friend,

Sub:Hon’ble PM Shri Narendra Modi Launches CHAMPIONS: Technology Platform to empower MSMEs on 1st June 2020.

You are aware that Prime Minister Shri Narendra Modi launched the technology platform CHAMPIONS ( https://champions.gov.in ) which stands for Creation and Harmonious Application of Modern Processes for Increasing the Output and National Strength. As the name suggests, the portal is basically for making the smaller units big by solving their grievances, encouraging, supporting, helping and handholding.It is a real one-stop-shop solution of MSME Ministry. Details can be read Here.

Hon’ble PM Modi’s tweet on this can be read here.

Various measures and new schemes have also been announced. These are as follows:

1. Rs. 3.00 Lakh crores loans to MSMEs: Collateral Free, Guarantee Free
2. Distressed Assets Fund - Subordinate Debt Scheme for MSMEs
3. Equity Infusion for MSMEs through Fund of Funds

Details about these can be read here

MSMEs will be pillars of Aatmanirbhar Bharat in days to come. A ready reckoner can be viewed In Hindi and English about this. Come, join in this journey.

Ministry of MSME gears up to implement the New Norms of classification of MSMEs. You are also aware that the upper ceiling for classification of MSMEs now has been raised. New definition and criterion has been notified; it will come into effect from 1st July, 2020. Click to view notification regarding criteria for classification of MSMEs .

As part of new definition, Exports will not be counted in turnover for any enterprises whether micro, small or medium.

Detailed guidelines alongwith other clarifications and regulations are being issued separately.

For any query or complaint you may visit https://champions.gov.in.

With Regards

Our Small Hands to make you LARGE!

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