Govt Highlights MSME Schemes That Supports Artisans

Ministry of MSME is implementing various schemes through Khadi and Village Industries Commission (KVIC) and Coir Board to provide financial assistance to artisans and craft persons said an official release.

Prime Minister’s Employment Generation Programme (PMEGP) is a credit-linked subsidy scheme, for setting up of new micro-enterprises and to generate employment opportunities in rural as well as urban areas of the country through KVIC, State Khadi & Village Industries Board (KVIB) and District Industries Centre (DIC), said the release.

Similarly, Scheme of Fund for Regeneration of Traditional Industries (SFURTI) has been under implementation since 2005-06 for making Traditional Industries more productive, market-driven and competitive by organizing the Traditional Industries and artisans into clusters, it added.

The “Khadi Vikas Yojana” (KVY) includes two new components such as (1) Rozgar Yukt Gaon, (2) Design House (DH) and existing schemes, said the release.

Gramodyog Vikas Yojana (GVY) - Promotion and development of the village industries through common facilities, Technological modernization, training etc other support and services for promotion of village industries. GVY would have the following components:-

Under Research & Development and Product Innovation (R&D) support would be given to the institutions that intend to carry product development, new innovations, design development, product diversification processes etc, it added.