The scheme SME 300 Million was approved in the PDWP meeting held on 19-01-2009 at a total cost of Rs. 300 Million. An amount of Rs. 300 Million was allocated by the Govt. for the sustained development of COTTAGE/MICRO INDUSTRIES/ARTISAN/CRAFTMEN-WOMEN AND HOUSEHOLD INCOME GENERARTING PROJECTS. Based upon allocation of Rs. 300 million PSIC designed a credit scheme for the target group to promote cottage & Micro Industrial Sector.