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MSMEs

tehelka bureau
may

rime Minister Narendra
Modi kick-started the new
year with an emphasis on prove
boosting economic growth
P and achieving his target of
making India a $5-trillion economy by to be a
2024. Skeptics have raised doubts as in
recent times; the Indian economy has
nosedived leading to debates as to which
would be the growth engine to meet the trigger in
target.
Different ministries of the govern-
ment of India have prepared their five- achieving
year visions to achieve the target set
forth by the Prime Minister. An indica-
tion to what would be the mainstay of antee of 33,381 crores. The Ministry
Indian economy came from the note $5 trillion of MSME is implementing Technology
prepared by the Ministry of Micro, Small Centre Systems Programme (TCSP) at an
and Medium Enterprises. economy estimated cost of 2200 crores, including
The MSME Ministry note says “Our vi- World Bank Loan assistance of USD 200
sion is to ensure that at least a contribu- million, to establish 15 new Tool Rooms
tion worth $2 trillion come from MSME and Technology Development Centres
sector. To accomplish this, M/o MSME TI), Clusters approved earlier are com- (TCs) and upgrade the existing 18 TCs
has taken many steps during the year for pleted and are functional. Further, 78 across the country. Four Technology
technology advancement, skill develop- proposals of SFURTI Clusters have been Centres at Bhiwadi, Bhopal, Puddi and
ment and job creation for empowerment approved by Scheme Steering Commit- Tinsukia are ready for commissioning.
of MSMEs”. tee benefitting about 48608 artisans and The number of youth skilled through
Under Prime Minister’s Employment workers till date. Technology Centres and other training
Generation Programme (PMEGP) 65,312 The Solar Charkha Mission has al- Institutes of the Ministry: 3,59,361. Under
new micro enterprises have been set up ready been launched and the Scheme Government e-Marketplace, registration
and 5,22,496 Employment opportunities Steering Committee has approved the of Micro and Small Enterprises (MSEs)
generated and a Margin money subsidy detailed Project Reports (DPRs) of Solar totals 62,085. About 50.74 per cent of
worth 1929.83 crores have been utilized. Charkha Clusters during current finan- orders value on GeM portal is from MSEs.
The PMEGP is a major credit-linked sub- cial year 2019-20. The Government ap- The government has made it mandatory
sidy programme being implemented by proved for continuation of Credit Linked for Central Public Sector Undertaking
the Ministry of MSME since 2008-09. Capital Subsidy component under Cred- (CPSUs) units to procure 25 per cent
The Scheme is aimed at generating self- it Linked Capital Subsidy-Technology instead of 20 per cent from Micro and
employment opportunities through es- Upgradation Scheme (CLCS-TUS) has Small Enterprises (MSEs). Goods and
tablishment of micro-enterprises in the been given. Services worth 20,139.91 crores have
non-farm sector by helping traditional The Credit Linked Capital Subsidy been procured from 71,199 MSEs. The
artisans and unemployed youth in rural Component of the CLCS-TU Scheme was procurement from MSEs amounts to
as well as urban areas. launched by Nitin Gadkari, Union Min- 28.49 per cent of the total procurement
Under the cluster development pro- ister for Micro, Small and Medium En- of CPSEs.
gramme, 17 Common Facility Centres terprises on September 5, 2019 with the Organizations like Common Service
and 14 Infrastructure Development Pro- signing of MoUs between Office of DC Centres (CSC), Entrepreneurship Devel-
jects have been commissioned while 24 (MSME) and Nodal Banks. During 2019- opment Institute of India (EDII) are now
Common Facility Centres and 25 Infra- 20, 338.01 crores has been released. on board for bringing MSMEs on digital
structure Development Projects have Under the Credit Guarantee Fund platform and for providing them digital
been approved. Trust for Micro and Small Enterprises identity. Awareness programmes and
Under the Scheme of Fund for Regen- (CGTMSE), 5,46,127 credit facilities have workshops are being organized all over
eration of Traditional Industries (SFUR- been approved amounting to a guar- the country for MSME stakeholders and

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