Giriraj Singh Emphasized MSME Focus & Commitment at Rajya Sabha

Sharing is caring!

The Government emphasizes the promotion of ecosystem for development of MSMEs in the country. Various programmes and schemes have been put in place with particular focus to develop and facilitate access to finance, skill development, infrastructure support, access to market, technology upgradation and ease of doing business. This was stated by Minister of State (Independent Charge) for Micro, Small and Medium Enterprises, Mr. Giriraj Singh while replying to a question in the Rajya Sabha . The Minister informed the House that according to Central Statistics Office (CSO), the contribution of MSME in the Total Gross Value Added (GVA) has been 31.8% during the financial year 2016-17.

Funds budgeted for different schemes of the Ministry of MSMEs to support the development of MSMEs in the country for the year 2016-17 and 2017-18 have been Rs. 5462.71 crore and Rs. 6481.96 crore respectively, and the expenditure thereof during the year 2016-17 and 2017-18 have been Rs. 3650.07 crore and Rs. 6213.60 crores respectively.

The Minister further said that as per the 73rd Round of National Sample Survey (NSS) (July, 2015 – June, 2016), conducted by the Ministry of Statistics & Programme Implementation, there were 633.88 lakh unincorporated non-agricultural Micro, Small and Medium Enterprises (MSMEs) (excluding construction). These MSMEs were providing employment to 1109.89 lakh persons.

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.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button
%d bloggers like this: