The Finance Minister’s Budget Speech: MSMEs
From the industry cluster, Tirupur in Tamil Nadu has been awarded a one time assistance of Rs 200 crore, specifically for hosiery industry
Banking Services for the under banked or unbanked…By 2012 Govt to cover every population cluster through new methods and technology
Total of Rs. 35000 crore allocated for education sector
Emphasizes the importance of MSMEs in employment, exports and GDP of India.
Allocation for MSME sector 1794 cr to over 2400 crore.
A high level council to be set up to implement the recommendations of the PM task force on MSME sector.
Govt. to add Rs. 1000 to each NPS account opened during 2010-11.
1% interest subvention on Housing loan of upto Rs 10 lakhs for houses less than Rs. 20 lakhs extended for 2010-11.
Micro Finance Development and Equity fund corpus being doubled from 200 crore to Rs 400 crore
National Social Security Fund for unorganized sector with corpus of Rs 1000 crore.