Home » MSME » EXPANSION OF MSME SECTOR

EXPANSION OF MSME SECTOR

Promotion and development of enterprises is a State subject. The Central Government supplements the efforts of the State/UT Governments through various schemes, programmes and policy initiatives for promotion, development and enhancing the competitiveness of MSMEs and to increase employment opportunities in the country.

The Ministry of MSME implements various schemes and programmes for growth and development of MSME Sector in the country. These schemes and programmes inter-alia include Prime Minister’s Employment Generation programme (PMEGP), Scheme of Fund for Regeneration of Traditional Industries (SFURTI), A Scheme for Promoting Innovation, Rural Industry & Entrepreneurship (ASPIRE), Credit Guarantee Scheme for Micro and Small Enterprises, Micro and Small Enterprises Cluster Development Programme (MSE-CDP) etc. Benefits under these schemes are available to all eligible MSMEs throughout the country. Ministry of MSME has also been implementing a special scheme viz. ‘Promotion of MSMEs in North Eastern Region and Sikkim’ which focuses on improving the condition of MSME Sector in North Eastern States including Assam. The Scheme-wise Budget allocation of these schemes is given below:-

 Budget Allocation (Rs. in crore)
S.No. Name of the Scheme 2019-20 2020-21  

2021-22

(As on 31.12.2021)

1 Prime Minister’s Employment Generation Programme

(PMEGP)

2,327.10 2,500.00 2,000.00
2 Scheme of Fund for Regeneration of Traditional Industries (SFURTI) 125.00 464.85 170.00
3 A Scheme for Promoting Innovation, Rural Industry & Entrepreneurship (ASPIRE) 50.00 30.00 15.00
4 Credit Guarantee Scheme 597.00 100.00 0.04
5 Micro and Small Enterprises Cluster Development Programme (MSE-CDP) 227.90 390.69 156.60

This information was given by Union Minister for Micro, Small and Medium Enterprises, Shri Narayan Rane in a written reply in Lok Sabha today.

About IIPnews

Leave a Reply

Your email address will not be published. Required fields are marked *

*

x

Check Also

FOOD PROCESSING SECTOR’S CONTRIBUTION IN GDP

The contribution of the food processing sector has increased continuously with Gross Value Added (GVA) ...

Uniform Code of Pharmaceutical Marketing Practices

The Government has put in place a Uniform Code for Pharmaceutical Marketing Practices (UCPMP) for ...

Pharmacopoeia Commission for Indian Medicine

The Government of India has established Pharmacopoeia Commission for Indian Medicine & Homoeopathy (PCIM&H), as ...

Treatment of Mine Water

As per Rule 41 of the Mineral Conservation and Development Rules (MCDR), 2017, leaseholders are ...

Illegal mining of beach sand minerals

Ministry of Mines has invited comments/suggestions of the stakeholders viz, Central Government Ministries/Departments, States Governments ...

As per the information available on Sambandh Portal (as on 28.07.2022), the details of procurement ...

Funds Allocated and Utilised Under National Clean Air Programme

National Clean Air Programme (NCAP), which was launched by the Ministry of Environment Forest &Climate ...

1,67,080 companies registered in FY 2021-22 as compared to 1,55,377 in FY 2020-21

Limited Liability Partnership (LLP) and Companies are incorporated under the Ministry of Corporate Affairs as ...

Coal crisis in the country

The coal stock available with the thermal power plants (TPP) of the country monitored on ...

Expansion of coal mines

In order to enhance the coal production to meet the country’s energy requirement, Ministry of ...

WP2Social Auto Publish Powered By : XYZScripts.com