In a recent development, the Indian government has announced a new initiative to boost the country’s economy. The government has introduced a scheme to provide financial assistance to small and medium-sized enterprises (SMEs) in India. This move aims to support the growth of these businesses and help them recover from the economic impact of the COVID-19 pandemic. Under the scheme, eligible SMEs can apply for loans at low-interest rates to meet their working capital requirements and fund their expansion plans. The government has allocated a significant amount of funds for this scheme, highlighting its commitment to promoting the growth of SMEs in India. This initiative is expected to have a positive impact on the Indian economy by stimulating business activities and creating employment opportunities. SMEs play a crucial role in the Indian economy, contributing significantly to GDP growth and employment generation. By providing financial assistance to these businesses, the government is not only supporting their growth but also ensuring the overall economic development of the country. This scheme comes at a time when SMEs are facing various challenges due to the pandemic, such as disruptions in the supply chain and reduced consumer demand. The government’s timely intervention is expected to provide the much-needed relief to these businesses and help them navigate through these challenging times. Overall, this initiative is a step in the right direction towards building a resilient and sustainable economy in India.