MSME Ministry Committed Towards Accelerating Growth for MSMEs: Giriraj Singh

Micro, Small and Medium Enterprises (MSME) have supported inclusive growth and development across the country thereby reducing the regional imbalance. Minister of State (Independent Charge) for MSME, Giriraj Singh, said this in reply to a question in Lok Sabha. He said NITI Aayog has identified 117 Aspirational Districts in the country. Ministry of MSME has taken measures for acceleration of MSME development efforts in these districts.

The MSME Ministry implements various schemes and programmes for promotion and development of MSMEs throughout the country including backward districts. The   schemes/programmes of MSME Ministry include  Prime Minister’s Employment Generation Programme (PMEGP), Scheme of Fund for Regeneration of Traditional Industries (SFURTI), A Scheme for Promoting Innovation, Rural Industry and Entrepreneurship (ASPIRE), Credit Guarantee Fund Scheme for Micro and Small Enterprises, Credit Linked Capital Subsidy Scheme (CLCSS), National Manufacturing Competitiveness Programme (NMCP), Micro & Small Enterprises - Cluster Development Programme (MSE-CDP), National Scheduled Caste and Scheduled Tribe Hub (NSSH).

National Small Industries Corporation (NSIC) under the Ministry of MSME also promotes and supports Micro, Small and Medium Enterprises by providing integrated support services encompassing marketing, finance, technology and other services.