MSMEs pushing growth of rural industries

Top Stories

»	Market weekly roundup: Sensex, Nifty slip as global tensions weigh on sentiment
»	Govt launches casebook on AI and gender empowerment
»	India concludes 9 FTAs, gives businesses more access to global trade: Piyush Goyal
»	US vows tougher export control enforcement
»	‘Make in India’ helps create lakhs of jobs, women biggest beneficiaries: Ashwini Vaishnaw

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.