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KVIC distributes 50 leather kits, 350 bee-boxes on world Tribal day in Rajasthan 

Khadi and Village Industry Commission (KVIC) distributed as many as 50 leather kits and 350 Bee-Boxes with live bee colonies in tribal-dominated village in Sirohi district of Rajasthan, one of the aspirational districts in India identified by the NITI Aayog, on World Tribal Day today.   While addressing the villagers, KVIC Chairman Vinai Kumar Saxena said that programmes like Leather ...

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MSME Sector Contributes Significantly to Indian Economy 

The Micro, Small and Medium Enterprises (MSMEs) Sector contributes significantly to the Indian Economy in terms of Gross Domestic Product (GDP), Exports and Employment generation. As per the information received from the Central Statistics Office (CSO), Ministry of Statistics & Programme Implementation (MOSPI), the Share of MSME Gross Value Added (GVA) in total GVA during 2016-17 was 31.8%. As per ...

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Large Number of Employment Opportunities created in MSME Sector with relatively Less Capital 

As per the 73rd Round of National Sample Survey (NSS), conducted by National Sample Survey Office, Ministry of Statistics & Programme Implementation during the period 2015-16, the estimated number of workers in unincorporated non-agriculture MSMEs in the country engaged in different economic activities excluding the MSMEs registered under (a) Sections 2m(i) and 2m(ii) of the Factories Act, 1948, (b) Companies Act, ...

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Plan to increase the number of MSMES in the country 

The Ministry of Micro, Small and Medium Enterprisesis striving to increase the number of micro and small industries in the country on a sustainable basis through implementation of various schemes andprogrammes. The Ministry provides better credit facility, technology upgradation and skilling to boost the entire MSME eco-system. Followings are the major schemes being implemented by Ministry of MSME:  (i)    ...

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Empowering Women Entrepreneurship through MSME  Schemes 

Ministry of Micro, Small and Medium Enterprises (MSME) is empowering women entrepreneurs through its different schemes.  1.38 lakh projects have been set up by the women entrepreneurs under Prime Minister’s Employment Generation Programme (PMEGP) Scheme since inception and upto 23.01.2019.  The projectsset up by women entrepreneurs are about 30% of total projects set up under PMEGP.  Minister of State (Independent Charge) for MSME, ...

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12th Regional Standards Conclave Odisha :MSMEs Need to Maintain Standards to compete globally

 “MSMEs need to maintain Standards and should not suffer due to issues relating to conformity assessment and standards compliance, if they have to compete globally, said Mr. Prafulla Samal, Minister of SSPED, Women &Child Development, and MSME Government of Odisha while addressing the 12th Regional Standards Conclave, that took place on the 4th day of the trade fair. It was ...

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MSME Ministry allocated Rs.7011 Crore in Budget 2019-20    

Union Minister for Finance, Corporate Affairs, Railways & Coal, Shri Piyush Goyal presented the Interim Budget 2019-20 in Parliament today. The Government has taken several measures to strengthen the Medium, Small and Micro Enterprises (MSMEs).  Highlights of the Union Budget 2018 for the Ministry of MSME are as under: An all-time high allocation of Rs.7011.29 crore has been made in the ...

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Procurement of Goods and Services from MSMEs by PSEs 

Annual procurement of goods & services from Micro, Small and Medium Enterprises (MSME) by the Central Public Sector Enterprise (CPSE) during 2017-18 stands at Rs. 24226.51 crore in which the share of procurement from MSEs owned by SC/ST Entrepreneur is Rs. 442.52 crore. The details of annual procurement by the CPSEs during the last four years, as per information provided ...

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Reduction of Sales, Production and Job Opportunities in Khadi Sector 

Sales, production and job opportunities in Khadi sector are showing an increasing trend since the last three years: (Rs. in crore and Employment in lakh persons) Sl.No. Particulars 2015-16 2016-17 2017-18 I. PRODUCTION A Khadi (incl.Polyvastra) 1158.44 1520.83 1626.66 B Village Industries 33331.78 41110.26 46454.75 Total-I 34490.22 42631.09 48081.41 II. SALES A Khadi (incl.Polyvastra) 1663.98 2146.60 2510.21 B Village Industries ...

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Growth of Exports of MSME Products 

The growth of exports of products manufactured by MSME units has been 7.5%, during the financial year 2017-18. This was informed by Giriraj Singh, MoS (I/C) for the Ministry of MSME, in the Lok Sabha today.  The Minister further informed that the growth had been -5.9%, and 4.8% during 2015-16 and 2016-17 respectively. Giriraj Singh added that as per the ...

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