Government incentivising MSMEs with various schemes: Gadkari

New Delhi: Various schemes have been launched in recent years to encourage micro, small and medium enterprises (MSMEs) which employ 11.1 crore people and are the largest provider of jobs after agriculture, the Rajya Sabha was informed on Monday.

Subhan Bakery - Instagram Commercial

Schemes like Make in India, Skill India, Digital India, Startup India, and MUDRA (Micro Units Development and Re-finance Agency) Bank have been initiated to enhance the employment base and facilitate self-employment across the country, said Union Minister for Micro, Small and Medium Enterprises Nitin Gadkari in reply to a question in the Upper House of Parliament.

Under the Prime Minister’s Employment Generation Programme (PMEGP,) the number of people employed in micro enterprises increased from 3.58 lakh in 2014-15 to 5.87 lakh in 2018-19, he said. An amount of Rs 2,247.10 crore has been allocated under PMEGP for the financial year 2019-20, he said.

MS Education Academy

The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) was launched to make available collateral-free credit to the MSME sector. During FY 2018-19, a total of 4.35 lakh proposals were approved providing a guarantee to a tune of Rs 30,168 crore.

The Credit Linked Capital Subsidy Scheme (CLCSS) facilitates technology upgradation of small scale industries, including agro and rural industrial units by providing 15 percent upfront capital subsidy.

Since the inception of the scheme in 2000-01, a total of 62,827 MSE units have been given a subsidy of Rs 3,888.13 crore. During 2018-19, a total of 14,155 MSE units were provided a subsidy of Rs 980.44 crore.

A total of 18 tool rooms have been set up for integrated development of the industries by way of providing quality tools, trained personnel, and consultancy in tooling and related areas and upgradation of technology.

During the year 2017-18 and 2018-19, these tool rooms provided training to 1.47 lakh and 2.08 lakh people which helped them gain self-employment.

Other government initiatives include Mahatma Gandhi National Rural Employment Guarantee Scheme ( MGNREGA), Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY) and Deendayal Antyodaya Yojana-National Urban Livelihood Mission (DAY-NULM).

Gadkari said the Scheme of Fund for Regeneration of Traditional Industries (SFURTI) is a cluster-based scheme for development of khadi, village industries, and coir clusters by providing workers improved equipment, common facilities centers, business development services, training, capacity building, and design and marketing support.

A total of 34,791 artisans benefitted with an assistance of Rs 143.15 crore during 2018-19.
Under the Coir Vikas Yojna, 36.3 lakh employment opportunities were created between 2014-15 and 2018-19, the minister said.


Subscribe us on The Siasat Daily - Google News
Back to top button