MSME Technology Centres Contributing in A Big Way in Fight Against COVID19

162 ViewsMinistry of Micro,Small & Medium Enterprises The country right now is fighting with novel corona virus at many levels. Eighteen operational Technology centres, autonomous bodies under Ministry of Micro, Small and Medium Enterprises (MSME), are also playing their role and contributing in the fight with COVID19. Central Footwear Training Institute (CFTI) Chennai procured and […]

More than 280 units in SEZs, manufacturing essential items like pharmaceuticals and hospital devices, are operational

99 ViewsMinistry of Commerce & Industry Special Economic Zones (SEZs) have been a significant contributor to the exports from India over the past years, contributing approximately 18% of India’s total exports. During the current financial year 2019-20, the exports from SEZs have already crossed USD 110 Billion. In the present scenario of complete lockdown in […]

National Industrial Classification ( NIC CODE )

117 ViewsThe National Industrial Classification (NIC) is an essential Statistical Standard for developing and maintaining comparable data base according to economic activities. Such classifications are frequently used in classifying the economically active population, statistics of industrial production and distribution, the different fields of labour statistics and other economic data such as national income. Comparability of […]

Contribution of Manufacturing Output of MSME

151 ViewsMinistry of Micro,Small & Medium Enterprises As reported by Central Statistics Office (CSO), Ministry of Statistics & Programme Implementation (MoSPI), the Share of MSME manufacturing output in All India manufacturing Gross Value Output (GVO) during 2014-15, 2015-16 and 2016-17 has been 36.1%, 36.9% and 36.5% respectively. The total number of MSME registrations as per […]

Promotion of Khadi 

163 Views Ministry of Micro,Small & Medium Enterprises Ministry of MSME has been providing loans to unemployed youth for promoting Khadi and Village Industries, by implementing a credit linked subsidy scheme viz., Prime Minister’s Employment Generation Programme (PMEGP) since 2008-09, for setting up of new micro-enterprises and to generate employment opportunities, in rural as well […]

Development of Clusters Under MSMEs

487 ViewsMinistry of Micro,Small & Medium Enterprises The Micro and Small Enterprises Cluster Development Programme (MSE-CDP) is implemented by Ministry of Micro, Small and Medium Enterprises and 35 clusters have been completed during financial year 2015-16 to 2018-19. State/UT-wise details are enclosed (Annexure-I). The turnover, production, job creation and exports of the clusters depend upon […]

MSME in domestic defence production sector

499 Views Ministry of Micro,Small & Medium Enterprises As reported by the Ministry of Defence, the number of Micro, Small and Medium enterprises (MSMEs) Vendors in India under domestic defence production sector is 8,643. Several schemes/initiatives have been put in place to support MSMEs including those in the defence production sector. These include Prime Minister’s […]

Growth of Medium and Small Entrepreneurs

485 Views Ministry of Micro,Small & Medium Enterprises The Ministry of Micro Small and Medium Enterprises (MSME) implements various schemes and programmes for the growth and development of MSME Sector in the country. These schemes and programmes include Prime Minister’s Employment Generation programme (PMEGP), Scheme of Fund for Regeneration of Traditional Industries (SFURTI), A Scheme […]

30 Outlets Set Up For Popularizing Coir Products 

162 ViewsMinistry of Micro,Small & Medium Enterprises The Coir Industry in India is an export oriented industry.  However, the reach of the coir products in India is increasing beyond Metros and major cities. Considering the vast geographical area available in India and the huge population, it is expected that the domestic market potential available in […]

Use Of TReDS Platform By MSMEs For Ease Of Payments

1,921 Views MSMEs very often do not get their payment in time from the buyer of goods or services. Trade Receivables e-Discounting System (TReDS) has been developed to facilitate financing of trade receivables of MSMEs through multiple financiers. It is an electronic platform that facilitates discounting of both invoices as well as bills of exchange. […]

Several measures taken to ensure timely payments to Micro, Small & Medium Enterprises

259 Views Ministry of Finance The Union Government is aware that Micro, Small and Medium, Enterprises (MSMEs) are facing challenges in getting due payments on time from large corporations. In order to ensure timely payments and to prevent their accounts from being treated as Non-Performing Assets (NPAs), Government has taken following steps: Under the provisions […]