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 promote small businesses and entrepreneurship in India. This initiative aims to provide financial assistance and support to small businesses, startups, and entrepreneurs across the country. Under this scheme, eligible businesses can avail of loans at low interest rates to help them grow and expand their operations. The government is also offering various incentives and benefits to encourage more people to start their own businesses. This move is expected to create a positive impact on the Indian economy by generating employment opportunities and fostering innovation. Small businesses are considered the backbone of the Indian economy, and this initiative is a step towards empowering them further. It is anticipated that this scheme will drive economic growth and development in the country. The government is optimistic that by supporting small businesses and entrepreneurs, India will be able to achieve sustainable and inclusive growth. This initiative comes at a crucial time when the country is striving to recover from the economic impact of the COVID-19 pandemic. Overall, this scheme holds promise for the future of small businesses and entrepreneurship in India, contributing to the country’s overall economic prosperity.