Increment in the Number of MSMEs in the Country (Download PDF)

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Ministry of Micro, Small and Medium Enterprises has decided to increase the number of micro and small industries in the country. This will be achieved on a sustainable basis through implementation of various schemes and programmes.

Ministry is planning to provide better credit facility, technology up gradation and skilling to boost the entire MSME eco-system.

For the formulation and administration of rules, regulations and laws relating to MSMEs in India the MSME is s branch of the Government of India.

Credit at low interest rate, incentives on products for exports, excise exemption, statutory aid like reservations, and the interest on the payments delayed are some of the benefits covered under MSME.

Image show in The Indian MSMEs Sector

Image Show in the Indian MSMEs Sector

Image show in The Indian MSMEs Sector

Schemes & Plan Overview

  • The credit-linked subsidy programme i. e. Prime Minister’s Employment Generation Programme (PMEGP) launched during 2008 - 09. It aimed at generating self-employment opportunities through establishment of micro-enterprises in the non-farm sector by helping traditional artisans and unemployed youth.

  • A total of 5.45 lakh micro enterprises are assisted with a margin money subsidy of Rs. 12074.04crore, providing employment opportunities to an estimated 45.22 lakh persons since PMEGP’s inception till 31.03. 2019.

  • SFURTI (Scheme of Fund for Registration of Traditional Industries) was revamped in 2015. This scheme was launched for the development of khadi, village industries and coir clusters by providing them with improved equipments, common facilities centres, business development services, training, capacity building and design and marketing support, etc.

  • A total of 34,791 artisans are benefitted with an assistance of Rs. 143.15 crore during 2018 - 19.

  • To set up a network of technology centres and to set up incubation centres to accelerate entrepreneurship, a Scheme for Promotion of Innovation, Rural Industry and Entrepreneurship (ASPIRE) was launched. It promotes start-ups for innovation and entrepreneurship in agro-industry.

  • Under ASPIRE, 74 Livelihood Business Incubation (LBI) centres and 11 Technology Business Incubators have been approved since inception of the scheme.

  • To assist entrepreneurs in setting up new MSMEs in all coconut producing states, Ministry of MSME, through Coir Board, is implementing various Schemes/programmes Under Coir VikasYojna, 36,30,653 employment opportunities have been created since 2014 - 15 till 2018 - 19 in the Coir Sector.

  • The scheme Credit Guarantee Scheme for Micro and Small Enterprises (CGTMSE) facilitates credit to the MSE units by covering collateral free credit facility (term loan and/or working capital to new and existing micro and small enterprises.

  • The Scheme has extended guarantee cover to over 35 lakh enterprises leading to approx. 1 crore employment generation.

  • During FY 2018 - 19, a total of 4,35,520 proposals have been approved providing guarantee to a tune of Rs. 30,168 crore.

  • By providing 15 % upfront capital subsidy (limited to maximum of Rs. 15.00 lakhs Credit linked Capital Subsidy Scheme (CLCSS) facilitates technology up gradation of small scale industries, including agro & rural industrial units). A total of 62,827 MSE units have been assisted utilizing subsidy of Rs. 3888.13 crore since inception of the scheme in 2000 - 01 till date,

  • During 2018 - 19, a total of 14,155 MSE units have been assisted utilizing subsidy of Rs. 980.44 crore.

  • For enhancing the productivity and competitiveness as well as capacity building of Micro and Small Enterprises (MSEs) and their collectives in the country The Ministry of Micro, Small and Medium Enterprises (MSME), Government of India (GoI) has adopted the Cluster Development approach as a key strategy.

  • A cluster is a group of enterprises located within an identifiable and as far as practicable, contiguous area and producing same/similar products/services.

  • A Total 17 Common Facility Centres and 11 Infrastructure Development projects have been established during the year 2018 - 19.

- Published/Last Modified on: September 3, 2019

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