SME Times News Bureau | 11 Jul, 2019
Micro, Small and Medium
Enterprises (MSMEs) in the non-farm sectors employ nearly 11.1 crore people,
according to the 73rd Round of National Sample Survey (NSS),
conducted by National Sample Survey Office 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, 1956 and (c)
Construction activities falling under Section F of National Industrial
Classification (NIC), 2008, are 11.10 crore, said an official release.
Under the Prime Minister’s
Employment Generation Programme (PMEGP,) the estimated employment generated
(number of persons) in micro enterprises during the years 2014-15, 2015-16,
2016-17, 2017-18 and 2018-19 are 3.58 lakhs, 3.23 lakhs, 4.08 lakhs, 3.87 lakhs
and 5.87 lakhs, respectively.
The large number of employment
opportunities are created with use of relatively less capital in the MSME
sector. Ministry of Micro, Small and Medium Enterprises implements Prime
Minister’s Employment Generation Programme (PMEGP), which is a credit-linked
subsidy programme aimed at generating self-employment opportunities.
The Credit Guarantee Fund Trust for Micro and Small
Enterprises (CGTMSE) helped in better credit flow to the micro and small
enterprises, said the release quoting Nitin Gadkari, Union Minister for MSMEs
as saying in written reply to a question in Lok Sabha.