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MSMEs Registered 49.81% Exports

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As per the information from Directorate General of Commercial Intelligence & Statistics (DGCI&S), the share of export of specified MSME related Products in the All India Exports  each of the last 3 years  and current year is as follows:

S.No.     YearThe percentage share of MSME products to total export
1.2019-20 (Upto Dec. 2019)49.81
2.2018-1948.10
3.2017-1848.56
4.2016-1749.69

A comprehensive set of information was given by Shri Nitin Gadkari, Union Minister for Micro, Small and Medium Enterprises in a written reply to a question in Lok Sabha. It said, In order to support Micro, Small and Medium Enterprises (MSMEs), Government has initiated various schemes for infrastructure development such as Micro & Small Enterprises –Cluster Development Programme (MSE-CDP), Scheme for Promotion of MSMEs in NER & Sikkim, Scheme of Fund for Regeneration of Traditional Industries (SFURTI), Entrepreneurship & Skill Development Programme (ESDP) and upskilling through testing/technology centres, support for tooling/technology services etc.

Government has also taken various initiatives to enhance MSME competitiveness by way of Credit Linked Capital Subsidy, Lean Manufacturing, Design Improvement, Zero Defect Zero Effect Certification, Support for Incubators, Awareness of Intellectual Property Rights & Digital Empowerment of MSMEs, Procurement and Marketing Scheme (PMS), A Scheme for Promoting Innovation, Rural Industry and Entrepreneurship (ASPIRE), Credit Guarantee Scheme (CGTMSE), Interest Subvention Scheme for MSMEs etc.

SMEStreet Desk

SMEStreet is fast growing platform dedicated to entrepreneurs from small and medium sized businesses (SMEs). Committed to facilitate Knowledge & Networking for Business Growth, SMEStreet offers value added content which shows the actual voice of Indian MSMEs.

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