Explain the various initiatives taken by the Government to help the growth of MSMEs.

Micro, Small, and Medium Enterprises (MSMEs) are a vital component of the Indian economy, contributing significantly to employment generation, exports, and overall economic growth. The Indian government has taken several initiatives to support the growth of MSMEs in the country. Some of the major initiatives are:

1. Prime Minister's Employment Generation Programme (PMEGP): PMEGP is a credit-linked subsidy programme that provides financial support to start-ups and small businesses in both the manufacturing and service sectors. Under this scheme, the government provides up to 35% subsidy on the project cost _________ _________ ___ ___ ______.
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