<p>The Union Cabinet on Monday approved Rs 50,000 crore equity infusion for MSMEs to strengthen their growth potential.</p>.<p>The government also approved Rs 20,000 crore subordinate debt for stressed MSMEs.</p>.<p>Union Minister Prakash Javadekar said the decision on equity infusion will also enable micro, small and medium enterprises (MSMEs) to get listed on stock exchanges.</p>.<p>A fund of funds with cropus of Rs 10,000 will be set up. The fund of funds will be operated through mother fund and few daughter funds.</p>.<p>The fund structure will help leverage Rs 50,000 crore of funds at daughter funds level.</p>.<p>The subordinate debt for stressed MSMEs is likely to benefit 2 lakh stressed MSMEs.</p>.<p>Meanwhile, the government further amended the definition of MSME. Turnover limit for medium enterprises has been revised upward to Rs 250 crore (from Rs 100 crore as announced earlier).</p>
<p>The Union Cabinet on Monday approved Rs 50,000 crore equity infusion for MSMEs to strengthen their growth potential.</p>.<p>The government also approved Rs 20,000 crore subordinate debt for stressed MSMEs.</p>.<p>Union Minister Prakash Javadekar said the decision on equity infusion will also enable micro, small and medium enterprises (MSMEs) to get listed on stock exchanges.</p>.<p>A fund of funds with cropus of Rs 10,000 will be set up. The fund of funds will be operated through mother fund and few daughter funds.</p>.<p>The fund structure will help leverage Rs 50,000 crore of funds at daughter funds level.</p>.<p>The subordinate debt for stressed MSMEs is likely to benefit 2 lakh stressed MSMEs.</p>.<p>Meanwhile, the government further amended the definition of MSME. Turnover limit for medium enterprises has been revised upward to Rs 250 crore (from Rs 100 crore as announced earlier).</p>