SME Times News Bureau | 22 Jul, 2019
MSME Minister Nitin Gadkari on
Monday said that Micro, Small and Medium Enterprises (MSMEs) Sector contributes
significantly to the Indian Economy in terms of Gross Domestic Product (GDP),
Exports and Employment generation.
In written reply to a
question in Rajya Sabha, Gadkari said that as per the information received from the
Central Statistics Office (CSO), Ministry of Statistics & Programme
Implementation (MOSPI), the Share of MSME Gross Value Added (GVA) in total GVA
during 2016-17 was 31.8%.
As per the information
received from Directorate General of Commercial Intelligence and Statistics
(DGCIS) the Share of MSME related Products in total Export from India during
2018-19 is 48.10%.
As per 73rd Round of National
Sample Survey (NSS), conducted by the Ministry of Statistics & Programme
Implementation during the period 2015-16, the estimated number of workers in
unincorporated non-agriculture MSMEs in the country are 11.10 crore.
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 Credit Guarantee Fund
Trust for Micro and Small Enterprises (CGTMSE) was launched by the Government
of India to make available collateral-free credit to the micro and small
enterprise sector, said the minister.