SME Times is powered by   
Search News
Just in:   • Equity indices break two-day losing streak on value buying  • IMF urges Sri Lanka to tighten monetary policy  • Global semiconductor sales to reach $676 bn this year: Gartner  • Tinna Rubber hits upper circuit, investors accumulate 900% returns in year  • Availability of jobs in Japan improves for 1st time in 3 yrs 
Last updated: 02 Nov, 2021  

msme-THMB-2010.jpg MSME initiatives

MSME.IT.ICT.9.jpg
   Top Stories
» Net direct tax collection reaches highest-ever figure in FY 22
» Musk has to manufacture here to sell Tesla cars in India: Gadkari
» Round tripping of industrial inputs by large players unfavourable to local value chains
» Sitharaman engages investors in Silicon Valley
» Modi hails India's success in achieving target of $400 billion of exports
Billy Khosla | 01 Nov, 2021


The MSME ministry last week launched SAMBHAV, a National Level Awareness Programme-2021, in the national capital. Under this one-month long initiative, students from different colleges and ITIs from all parts of the country will be encouraged by 130 field offices of the ministry to take up entrepreneurship. During the campaign the college students will be made aware of various schemes being implemented by the Ministry through audio and video film presentations.


Initiatives like SAMBHAV are encouraging. The government has set a target of increasing the contribution of the MSME sector to GDP from present 30 percent to 50 percent. At the same time, another objective is to enhance the employment generation prowess of the sector, by increasing its contribution in this respect from 11 crore to 15 crore. This objectives are, no doubt, ambitious, and in the background of this, efforts like SAMBHAV are welcome.


Meanwhile, according a last week media report, Uttar Pradesh have recorded a 38 percent increase in exports from MSMEs since the State government provided them with a platform on e-commerce websites. UP houses around 15 percent of the country's MSMEs and more than 1,000 micro units are on various e-commerce platforms. According to a top official, e-commerce presence is the main reason behind the whopping increase in MSME exports from the state.


Similarly, another initiative of the UP government that has fetched encouraging result is the 'One District-One Product' scheme. Crores of ODOP products have been sold on various e-commerce platforms and, again, this kind of efforts – by all other states, as well – can make a big difference in promoting the country’s MSME sector. In addition, we need comprehensive studies, combined with innovative thinking, to further strengthen this sector.


I invite your opinions.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 27 Apr, 2022
  Daily Poll
COVID-19 has directly affected your business
 Yes
 No
 Can't say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter