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Ministry of MSME Reaches Out to Backward Districts Identified by NITI AAYOG

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In it’s bid to bring the MSMEs of backward areas and districts to mainstream, Ministry of Micro, Small & Medium Enterprises (MSME) will send teams of officials to 117 most backward and naxalite affected Aspirational Districts identified by NITI  Aayog. This initiaive will spread awareness about existing schemes of the Ministry and obtain proposals to set up and strengthen micro and small enterprises. This information was given by Minister of State (I/C) for MSME, Giriraj Singh in the Lok Sabha.

The Minister also informed that MSMEs are significantly present in all States and UTs and they are the second largest employer after agriculture in the country. These enterprises have supported inclusive growth and development across the country thereby reducing the regional imbalances. Replying to another query, Giriraj Singh said that the schemes of the Ministry are central sector schemes in which specific percentage of the budgetary allocation are earmarked for SC, ST and North Eastern Region’s population. Most of these schemes are demand driven and expenditure is made in the specific States as per the proposals received. He said that over 40 lakh persons gained employmentunder the Credit Guarantee Fund Scheme from 2015-16 to 30thJune 2018. Under this scheme, loan guarantees are provided to MSEs which in turn result in employment generation.  Recently the loan limit under Credit Guarantee Fund Scheme has been increased to Rs 2 crore.

Besides, Prime Minister’s Employment Generation Programme, PMEGP is estimated to have generated employment for over 12.29 lakh people during the same period.  PMEGP is a major credit-linked subsidy programme aimed at generating self-employment opportunities through establishment of micro-enterprises in the non-farm sector by helping traditional artisans and unemployed youth.  Uttar Pradesh has been the largest beneficiary of the PMEGP scheme with over 1.35 lakh estimated employment generation. Other states like Tamil Nadu, Maharashtra, Bihar, Karnataka, Assam, Odisha, West Bengal, Jammu and Kashmir generated employment ranging fromaround 63,000to84,000 people.

The Ministry of MSME has 18 Technology Centres which impart training to help in generating employment. It has been decided to set up 15 new technology centresin various parts of the country. Recently, a job portal called “MSME Sampark” has been launched on 27June,2018, on the occasion of UN SME day. The portal is a digital platform where jobseekers who are passed out trainees and students of MSME Technology Centres and recruiters may register for mutually beneficial interaction.

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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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