Share of export of specified MSME related products in total exports of the country amounted to 49.81 percent in 2019-20, said Union Minister for Micro, Small and Medium Enterprises Minister Nitin Gadkari.

As per the information from Directorate General of Commercial Intelligence & Statistics (DGCI&S), the share of export of specified MSME related products in the all India exports in 2019-20 (up to December, 2019) is 49.81 percent, Gadkari said in written reply to a question in Lok Sabha.

In order to support Micro, Small and Medium Enterprises (MSMEs), Government has initiated various schemes for infrastructure development such as Micro & Small Enterprises –Cluster Development Programme (MSE-CDP), Scheme for Promotion of MSMEs in NER & Sikkim, Scheme of Fund for Regeneration of Traditional Industries (SFURTI), Entrepreneurship & Skill Development Programme (ESDP) and upskilling through testing/technology centres, support for tooling/technology services etc, he said.

Government has also taken various initiatives to enhance MSME competitiveness by way of Credit Linked Capital Subsidy, Lean Manufacturing, Design Improvement, Zero Defect Zero Effect Certification, Support for Incubators, Awareness of Intellectual Property Rights & Digital Empowerment of MSMEs, etc.

He also mentioned about Procurement and Marketing Scheme (PMS), A Scheme for Promoting Innovation, Rural Industry and Entrepreneurship (ASPIRE), Credit Guarantee Scheme (CGTMSE), Interest Subvention Scheme for MSMEs etc.