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PM to visit Maharashtra on 20 September

Published By : Admin | September 18, 2024 | 21:58 IST
PM to participate in National PM Vishwakarma Programme
PM to lay foundation stone of PM MITRA Park in Amravati
PM to launch Acharya Chanakya Kaushalya Vikas Scheme and Punyashlok Ahilyabai Holkar Women Start-Up Scheme

Prime Minister Shri Narendra Modi will visit Wardha, Maharashtra on 20th September. At around 11:30 AM, he will participate in the National 'PM Vishwakarma' Programme, marking one year of progress under PM Vishwakarma.

During the programme, Prime Minister will release certificates and loans to PM Vishwakarma beneficiaries. Symbolizing the tangible support extended to artisans under this Scheme, he will also distribute credit under PM Vishwakarma to 18 beneficiaries under 18 trades. As a tribute to their legacy and enduring contribution to society, he will release a commemorative stamp dedicated to mark one year of progress under PM Vishwakarma.

Prime Minister will lay the foundation stone of PM Mega Integrated Textile Regions and Apparel (PM MITRA) Park at Amravati, Maharashtra. The 1000 acre park is being developed by Maharashtra Industrial Development Corporation (MIDC) as the State Implementation Agency. Government of India had approved setting up of 7 PM MITRA Parks for the Textile industry. PM MITRA Parks are a major step forward in realising the vision of making India a global hub for textile manufacturing and exports. It will help in creating world-class industrial infrastructure that would attract large scale investment including foreign direct investment (FDI) and encourage innovation and job creation within the sector.

Prime Minister will launch the "Acharya Chanakya Skill Development Center" scheme of Government of Maharashtra. Skill development training centres will be established in renowned colleges across the state to provide training to youth aged 15 to 45, enabling them to become self-reliant and access various employment opportunities. Around 1,50,000 youths across the state will receive free skill development training each year.

Prime Minister will also launch "Punyashlok Ahilyadevi Holkar Women Startup Scheme". Under the scheme, early-stage support will be given to women-led startups in Maharashtra. Financial assistance up to ₹25 lakh will be provided. 25% of the total provisions under this scheme will be reserved for women from backward classes and economically weaker sections as specified by the government. It will help women-led startups become self-reliant and independent.

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Cabinet approves equity support to Small Industries Development Bank of India
January 21, 2026
Flow of credit to MSMEs will increase as SIDBI will be able to generate additional resources at competitive rates
Approximately 25.74 lakh new MSME beneficiaries will be added

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved the equity support of Rs.5,000 crore to Small Industries Development Bank of India (SIDBI).

The equity capital of Rs.5000 crore shall be infused into SIDBI by the Department of Financial Services (DFS) in three tranches of Rs.3,000 crore in Financial year 2025-26 at the book value of Rs.568.65/- as on 31.03.2025 and Rs.1,000 crore each in Financial Year 2026-27 and Financial year 2027-28 at the book value as on 31st March of the respective previous financial year.

Impact:

Post equity capital infusion of Rs.5000 crore, number of MSMEs to be provided financial assistance is expected to increase from 76.26 lakh at the end of Financial Year 2025 to 102 lakhs (approximately 25.74 lakh new MSME beneficiaries will be added) by the end of Financial Year 2028. As per latest data (as on 30.09.2025) available from official website of M/o MSME, 30.16 crore employment is generated by 6.90 crore MSMEs (i.e. employment generation of 4.37 persons per MSME). Considering this average, employment generation is estimated to be 1.12 crore with the expected addition of 25.74 lakh new MSME beneficiaries by the end of Financial Year 2027-28.

Background:

With a focus on directed credit and anticipated growth in that portfolio over the next five years, the risk-weighted assets on SIDBI’s balance sheet are expected to rise significantly. This increase will necessitate higher capital to sustain the same level of Capital to Risk-weighted Assets Ratio (CRAR). The digital and digitally-enabled collateral-free credit products being developed by SIDBI, aimed at boosting credit flow, along with the venture debt being offered to start-ups, will further escalate the risk-weighted assets, requiring even more capital to meet healthy CRAR.

A healthy CRAR, well above the mandated level, is a key to protect credit rating. SIDBI will benefit from an infusion of additional share capital by maintaining a healthy CRAR. This infusion of additional capital would enable SIDBI to generate resources at fair interest rates, thereby increasing the flow of credit to Micro, Small & Medium Enterprises (MSMEs) at competitive cost. The proposed equity infusion in staggered or phased manner will enable SIDBI to maintain CRAR above 10.50% under high stress scenario and above 14.50% under Pillar 1 and Pillar 2 over next three years.