msmes as the second engine now I move to msmes as the second engine which encompasses manufacturing and services with a focus on msmes numbering 5. 7 crores currently over 1 CR registered msmes employing 7. 5 CR people and generating 36% of our manufacturing have come together to position India as a global manufacturing Hub with a quality products with a quality products these msmes are responsible for 45% of our exports to help them achieve higher efficiencies of scale technological up upgradation and better access to Capital the investment and turnover limits for classification of all msmes will be enhanced to 2.
5 and two times respectively this will give give them the confidence to grow and generate employment for our youth the details are given in anex D to improve access to credit the credit guarantee cover will be enhanced first for micro and small Enterprises from 5 CR to 10 CR rupees leading to additional credit of 1. 5 lakh crores in the next 5 years second for startups from 10 CR Rupees to 20 CR rupees with the guarantee fee being moderated to 1% for loans in 27 Focus sectors which are important for atbar bat and for well-run exporter msmes for term loans up to 20 CR rupees also for the micro Enterprises we will introduce customized credit cards with a 5 lakh rupee limit for microenterprises registered on udam Portal in the first 10 lakh in the first year 10 lakhs such cards will be issued fund of funds for startups the alternate alternate investment fund aifs for startups have received commitments of more than 91,000 crores rupees these are supported by the fund of funds set up with the government of India's contribution of 10,000 CR rupees now a new fund of funds with expanded scope and a fresh contribution of another 10,000 CR rupees will be set up a new scheme will be launched for 5 lakh women scheduled cast and scheduled tribes first time entrepre this will provide term loans up to 2 CR rupees during the next 5 years the scheme will incorporate lessons from the successful standup India scheme online capacity building for entrepreneurship and managerial skills will also be organized measures for labor intensive sectors to promote employment and Entrepreneurship opportunities in labor intensive sectors our government will undertake specific policy and facilitation measures to enhance the productivity quality and competitiveness of India's Footwear and leather sector a focus products scheme will be implemented the scheme will support design capacity component manufacturing and Machinery required for production of non-leather quality Footwear besides the support for leather Footwear and products the scheme is expected to facilitate employment for 22 lakh per persons generate over 4 lakh CR rupees and exports of over 1.
