SME Times News Bureau | 22 Jul, 2019
MSME Minister Nitin Gadkari said
on Monday that several schemes are being implemented by the government for
promotion of micro, small and medium enterprises of the country.
In written reply to a question
in Rajya Sabha, Gadkari said his ministry implements
various schemes for benefit of MSMEs in all parts of India. These include Prime
Ministerâs Employment Generation Programme (PMEGP), Micro and Small
Enterprises- Cluster Development Programme (MSE-CDP), Scheme for Promotion of
MSMEs in North Eastern Region and Sikkim, etc.
mentioned about schemes such as Tool Rooms and Technology Centers, Mission
Solar Charkha (MSC), Scheme of Fund for Regeneration of Traditional Industries
(SFURTI), Procurement and Marketing Support Scheme, Entrepreneurship Skill
Development Programme (ESDP), Credit Guarantee Scheme for Micro and Small
Enterprises (MSEs) and Credit Linked Capital Subsidy and Technology Upgradation
Year 2018-19, Government allocated Rs. 6552.61 Crore to the Ministry of MSME,
allocation for Prime Ministerâs Employment Generation Programme (PMEGP),
which is a credit linked subsidy programme aimed at generating self-employment
opportunities through establishment of micro-enterprises in the non-farm sector
by helping traditional artisans and unemployed youth, was increased from
Rs. 1072.90 Crore (Actual Expenditure) in 2017-18 to Rs. 2118.80 Crore in
2018-19, he added.
A new scheme, Interest
Subvention for Incremental Credit to MSMEs, was also introduced in the Budget
2018-19 for which allocation of Rs. 275 Crore was made, the minister said.
During the financial year 2018-19:
73,427 projects have been supported under the PMEGP; 17 Common
Facility Centres and 11 Infrastructure Development Projects have been completed
under Cluster Development Programme; 14,155 units have been benefitted with a
subsidy of Rs.980.44 Crore under the Credit Linked Capital Subsidy Scheme, he
In addition, 4,35,520 Credit Guarantee Proposals have been
approved under the Credit Guarantee Scheme
for Micro and Small Enterprises (MSEs) and 1,26,902 MSEs have been
benefitted under Public Procurement Policy, the minister said.