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Govt issues Rs. 1276 cr for MSME projects: K H Muniyappa
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Saurabh Gupta | 16 Nov, 2012
The government has released Rs. 1276 crores to support 53,826 Micro, Small and Medium Enterprises (MSME) projects during the FY12-13, Union Minister of State with independent charge, MSME, K H Muniyappa said on Wednesday.
"During the year 2012-13 an amount of Rs. 1276 crores for 53,826 projects has been released which is likely to generate jobs for around 4.31 lakhs," Muniyappa said in his inaugural address of Techmart, organized by National Small Industries Corporation Limited (NSIC), at the India International Trade Fair (IITF) 2012.
"An outlay of Rs. 9700 crore had been proposed for PMEGP in the XII Plan, to set up 4 lakh projects (at Rs. 23 lakh margin money per project) with creation of 32 lakh employment (at 8 persons per project)," he added.
The MSME minister said that the efforts were being made to take up the level of this scheme further by proposing to set up one lakh units each year for the next four years under the 12th Plan.
"The projected expenditure would be to the tune of Rs. 9200 crores which would generate employment opportunity to 32 lakh peoples," he added.
Muniyappa also said, "The MSMEs play a pivotal role in the overall industrial economy of our country. Further, the MSE sector has consistently registered higher growth rate compared to the overall industrial sector."
"The major advantage of the sector is its employment potential at low capital costs. As per the 4th All India Census of MSMEs, this sector employs an estimated 60 million persons spread over 26 million enterprises," he added.
It is estimated that in terms of value, the MSME sector accounts for about 45 percent of the manufacturing output and over 40 percent of the total exports of the country.
The Minister also met Elizabeth Thabethe, Deputy Minister, Trade and Industry, South African Government on same day. Various issues for bilateral cooperation between India and South Africa on MSME were discussed.
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MSME Projects Rs.1276 Cr.
Sachindra Chandra Dutta Banik | Mon Nov 26 15:40:12 2012
Our Government must include 'Trading Enterprises' holding Certificate of Importer-Exporter Code (IEC)in MSME Projects.
Transparency required
SAIBABA | Sun Nov 25 13:50:41 2012
WE ARE REQUESTING THE GOVT. SHOULD KEEP EACH AND EVERY RUPEE ALLOTMENT IN WEB SIT.
finance request
v.kamaraj @omega pharma machinery mumbai. | Sun Nov 25 10:40:52 2012
dear sir,
thanks for the msme projects fund.make sure it reaches to company like us.due to fund issues we are unable to expand and employ more people for our mfg.unit.is it possible to fund to us . please reply to my email id v.kamal_33@yahoo.co.in
MSME SCHEME
Sambhaji Gaikwad | Tue Nov 20 21:48:42 2012
sir, this scheme must be reached to rural people without political interference otherwise enterpreniursip not developed in the first generation enterprenur. hoe you give the 2300000/- margin money, please clear it
My comments on 18.11.2012
Sachindra Chandra Dutta Banik | Tue Nov 20 07:27:40 2012
Thanks for your help.
If possible, I would request you to pursue the issue with the subject with the honourable Minister MSME Projects, ours is Merchant Exporter having IEC Number - 0210027568 dt. 28.01.2011 issued by Foreign Trade Development Officer, Kolkata.
Depending on the Buyers details submitted to us by our several Missions worlwide,we have not been successful to secure a single order since January, 2011, due to finance problems.
Moreover I worked over 50 years in a renowned Export House in Kokata having business of Agrochemicals and retired as Export Management Offiecr.
This is my strategy to run a good profitable business for myself and for Foreign Exchange for my country.
Best Regards.
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Re: My comments on 18.11.2012
Naveen Chillal | Fri Nov 30 17:04:21 2012
I have also suffering from getting order from buyer. Sir I request to how to get order from buyer. Please advice to me how to get order from buyers and what are the basic fundamental for export business. You have more then 50 years in export field. I am new for export business. We are in Textile field. We are unable getting order from buyers. Plz give your contact number or mail id or pl call me 9448181912 or mail me : naveenchillal@rediffmail.com
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MSME Projects - Rs.1276 Croes
Sachindra Chandra Dutta Banik | Sun Nov 18 15:43:03 2012
I want to know whether MSME Projects include Trading Enterprises engaged in International business.
schemed money
sameer pratap singh | Sat Nov 17 15:25:39 2012
this is all bullshit to eat the public money. what ever it is, i would like to say that only the relative of politicians and influenced people will be benefited by the scheme no real entrepreneur will be given any support with this money.
MSME PROJECT
Bhagirathi Padhy | Sat Nov 17 13:41:40 2012
This project helps for only politicians like raja, kalmadi and coal scandal holders. If the projects are helpful to unemployed, there is so many options. Just we remind the slogan, proudly speak "we are Indians".
1276 cr is a very small amout for such big country
Rakesh | Sat Nov 17 08:35:18 2012
What ever amount they giving to NARAGA , just half that if may be give MSME, our industrial growth will be double.
finance for MSME
Rambabu | Sat Nov 17 07:33:25 2012
Dear sir Indian industries is cheated by financial institution every time. PLS send RBI to south Korea. TAIWAN. JAPAN to see how there govt. is helping industries. Indian industries is nothing in front of them
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