2019 End Review of MSME
The Indian economy is likely to emerge as one of the leading economies in the world, with an envisioned GDP of USD five trillion economy by 2024. Our vision is to ensure that at least a contribution worth USD two trillion come from MSME sector. To accomplish this, M/o MSME has taken many steps during the year for technology advancement, skill development and job creation for empowerment of MSMEs.
Under Prime Minister's Employment Generation Programme (PMEGP) 65,312 new micro enterprises have been set up and 5,22,496 Employment opportunities generated and a Margin money subsidy worth Rs. 1929.83 crore have been utilized.
PMEGP is a major credit-linked subsidy programme being implemented by the Ministry of MSME since 2008-09. The Scheme is aimed at generating self-employment opportunities through establishment of micro-enterprises in the non-farm sector by helping traditional artisans and unemployed youth in rural as well as urban areas.
Cluster Development Programme (MSE-CDP): 1: 17 Common Facility Centres and 14 Infrastructure Development Projects have been commissioned. 2: 24 Common Facility Centres and 25 Infrastructure Development Projects have been approved.
3: 51 SFURTI (Scheme of Fund for Regeneration of Traditional Industries) Clusters approved earlier are completed and are functional. Further, 78 proposals of SFURTI Clusters have been approved by Scheme Steering Committee benefitting about 48608 artisans/workers during 01st January 2019 till date.
The Government approved for continuation of Credit Linked Capital Subsidy component under Credit Linked Capital Subsidy-Technology Up gradation Scheme (CLCS-TUS) in February 2019. The Credit Linked Capital Subsidy Component of the CLCS-TU Scheme was launched by Shri Nitin Gadkari, Union Minister for Micro, Small and Medium Enterprises on 05-09-2019 with the signing of MoUs between Office of DC (MSME) and Nodal Banks. During FY 2019-20, Rs. 338.01 Crore has been released.
Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE):
Under the CGTMSE, 5,46,127 credit facilities have been approved amounting to a guarantee of Rs. 33,381 crore.
Ministry of MSME is implementing Technology Centre Systems Programme (TCSP) at an estimated cost of Rs. 2200 crore, including World Bank Loan assistance of USD 200 million, to establish 15 new Tool Rooms and Technology Development Centres (TCs) and upgrade the existing 18 TCs across the country. Four Technology Centres at Bhiwadi, Bhopal, Puddi and Tinsukia) are ready for commissioning.
Number of youth skilled through Technology Centres and other training Institutes of the Ministry: 3,59,361.
23070 MSMEs have been registered under ZED scheme since inception. ZED parameters are being simplified to on-board more than one million MSMEs on ZED journey. All Industry Associations and technical institutions are being on boarded for wider access to the scheme.
Building Awareness on Intellectual Property Rights (IPR) Scheme: More than 60 new IP Facilitation Centres set up in different parts of the country to have one IP lawyer to assist MSMEs to apply for and register their trademarks and patents. FPOs to get support for applying for registration of GIs. Reimbursement being given for registration of different IPRs to MSMEs. More and more awareness being created for IP rights amongst MSMEs.
District Udyam Samaagams planned and approved for all 731 districts of the country. More than Rs. 80 crore sanctioned under PMS for organising trade fairs/ exhibitions/ awareness programmes/ seminars throughout the country through State Governments/Industry Associations/ Social Enterprises for more than 350 programmes.
More than Rs135 crore sanctioned under ESDP for organising different skill development programmes throughout the country through State Governments/Industry Associations/Social Enterprises/Government Corporations. Total 3000 programmes conducted/ sanctioned for this year.
