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Milana Kreation

Several initiatives for MSME growth

As reported by Central Statistics Office (CSO), Ministry of Statistics & Programme Implementation (MoSPI), the Share of MSME manufacturing output in All India manufacturing Gross Value Output (GVO) during 2014-15, 2015-16 and 2016-17 has been 36.1%, 36.9% and 36.5% respectively.

The total number of MSME registrations as per Udyog Aadhaar Portal as on 31.03.2017, 31.03.2018 and 31.03.2019 has been 28.68 lakh, 43.86 lakh and 65.08 lakh respectively.

Under the Prime Minister’s Employment Generation Programme (PMEGP), the estimated employment generated (number of persons) in micro enterprises during the years 2016-17, 2017-18 and 2018-19 has been 4.08 lakh, 3.87 lakh and 5.87 lakh, respectively.

The Ministry of Micro, Small and Medium Enterprises (MSMEs) has taken several initiatives for growth & development of MSMEs. These include Prime Minister’s Employment Generation Programme (PMEGP), Micro and Small Enterprises-Cluster Development Programme (MSE-CDP), Scheme for Promotion of MSMEs in North Eastern Region and Sikkim.

Tool Rooms and Technology Centers, Mission Solar Charkha (MSC), Scheme of Fund for Regeneration of Traditional Industries (SFURTI), Procurement and Marketing Support Scheme, Entrepreneurship & Skill Development Programme (ESDP), Credit Guarantee Scheme for Micro and Small Enterprises (MSEs) and Credit Linked Capital Subsidy and Technology Up gradation Scheme (CLCS-TUS).