MSMEs pushing growth of rural industries

Top Stories

»	Gold, silver hit record highs as global uncertainty fuels demand
»	India emerging as global AI leader with visionary policies: FM Sitharaman
»	GST portal opens for filing annual returns GSTR-9 and GSTR-9C for FY24-25
»	India’s IPO market poised to raise $20 billion in next 12 months
»	PM Modi meets Keir Starmer in Mumbai for strengthening India-UK ties

SME Times News Bureau | 27 Apr, 2012
Indian Micro, Small and Medium Enterprises (MSMEs) have been playing a crucial role in promoting the country's rural industries, reveals official data on Thursday.

"As per the Final Report of 4th Census of registered MSME: 2006-07, the data for which was collected in 2009-10 and the Report published in 2011, the Gross output of MSMEs in rural areas is Rs.2,42,532.80 crore in comparison to Rs.68,289.29 crore reported in the Report of 3rd All India Census of Registered SSIs: 2001-02, published in 2004," Union Cabinet Minister for Micro, Small and Medium Enterprises Virbhadra Singh stated in a written reply to a question in the Lok Sabha Thursday.

"The percentage share of gross output of rural industries in the total gross output increased from 33.60% in 2001-02 (3rd Census) to 34.28% in 2006-07 (4th Census), MSME (reference year 2001-02), Registered Sector," the minister said.

Singh added that Khadi and Village Industries Commission(KVIC) has been implementing a number of schemes to promote village industries. These include the Prime Minister’s Employment Generation Programme (PMEGP) for assisting unemployed youth and artisans to set up micro enterprises in the non-farm sector.

"KVIC has provided training to over 74,000 persons during 2011-12 in different trades in the khadi and village industries sector, which includes 25,760 persons who have been provided Entrepreneurship Development Programme (EDP) training under PMEGP," Singh said.