Investment Limits for MSMEs Sector’





Investment Limits for MSMEs Sector’

The issue of revision of investment limit for Micro, Small and Medium Enterprises (MSMEs) is under consideration of the Government.


On the basis of the data on Gross Domestic Product (GDP) published by Central Statistics Office (CSO), the Ministry of Statistics & Programme Implementation and final results of the latest Census (Fourth Census), the estimated contribution of MSME Sector to GDP during 2010-11, 2011-12 and 2012-13 are 36.69%, 37.97% and 37.54% respectively.

As per Directorate General of Commercial Intelligence and Statistics (DGCI&S) estimated data, the share/contribution of MSMEs in export during 2011-12, 2012-13 and 2013-14 is 43%, 43% and 42.40 % respectively.

The Ministry of MSME has been allocated outlays of Rs.2,700.00 crore, Rs.2,835.00 crore, Rs.2,977 crore and Rs.3,327.00 crore for 2011-12, 2012-13, 2013-14 and 2014-15 respectively for providing incentives and subsidies etc. for promotion of MSMEs through various schemes and programmes.

This information was given by the Union Minister for Micro, Small and Medium Enterprises, Shri Kalraj Mishra in a written reply to a question in Lok Sabha here today.
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Domestic Toys Industry

The Domestic toys industry is facing competition from foreign manufacturers; however, wooden toy industry is not as much affected as other types of toys like electronic, plastic & soft toy etc.

The Ministry of Micro, Small & Medium Enterprises operates a number of schemes like Credit Linked Capital Subsidy Scheme, MSE-Cluster Development Programme, MSE Credit Guarantee Fund, ISO-9000 QMS Subsidy, Design Clinic, Technology & Quality Upgradation Support to MSMEs, Support for Entrepreneurial and Managerial Development of SMEs through Incubators, Marketing Assistance & Technology Up-gradation Scheme in MSMEs etc. Toy industry units and Toy Industry Associations can submit proposals to the Ministry under schemes suitable to them. Information and guidelines of the schemes are available in public domain on the portal ‘www.dcmsme.gov.in’.

This information was given by the Union Minister for Micro, Small and Medium Enterprises, Shri Kalraj Mishra in a written reply to a question in Lok Sabha here today.

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Development of MSMEs Sector
The Ministry of Micro, Small and Medium Enterprises (MSME) has been implementing various schemes and programmes for development and promotion of Micro, Small and Medium Enterprise (MSMEs) across the country. The major schemes / programmes include Prime Minister’s Employment Generation Programme (PMEGP), Credit Guarantee Scheme, Credit Linked Capital Subsidy Scheme (CLCSS), National Manufacturing Competitiveness Programme, Cluster Development Programme, Marketing Development Assistance, Skill Development Programmes, International Cooperation Scheme etc. All plan schemes implemented by Ministry of MSME are Central Sector Schemes. The details of fund allocated and utilized under various schemes of the Ministry at all India level during the last three years and the current are:-
Years
Allocation
Utilization
2011-12
2700.00
2019.58
2012-13
2835.00
2235.56
2013-14
2977.00
2277.01
2014-15
3327.00
1315.24
(up to October, 2014)

Ministry of MSME holds regular meeting with the representatives of various MSMEs at various levels. The suggestions received from these representatives are taken into consideration keeping in view the applicability of the suggestions. Ministry of MSME held discussion with MSME associations from all over the country on 3.7.2014 at FICCI Auditorium, New Delhi wherein one to one interaction and detailed discussion was held on various issues for development of MSME sector.
To promote MSMEs in the country, the Government is implementing various schemes/programmes relating to credit, technology upgradation and skill development amongst others.
This information was given by the Union Minister for Micro, Small and Medium Enterprises, Shri Kalraj Mishra in a written reply to a question in Lok Sabha here today.
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‘Make In India’ Policy for MSMEs

The Make in India Strategy aims to facilitate investment, foster innovation, enhance skill development and build manufacturing infrastructure in the country. The real objective of this Strategy is to ease the investment caps and controls to open up India’s industrial sectors to global participation.

The rules applicable to industry, which also apply to MSME relate to various Departments who have been entrusted with the task of simplifying the rules. Some notable mention may be made of the simplification undertaken by Ministry of Labour and Employment, Department of Industrial Policy & Promotion, Ministry of Corporate Affairs and Ministry of MSME amongst others.

The Public Sector companies are important source of procurement from MSME as they have been mandated to procure 20% from MSMEs. They are being regularly monitored and are being helped by Vendor Development Programmes. The policy would become mandatory from 1st of April, 2015 and would contribute significantly to the growth of MSME sector in India.

This information was given by the Union Minister for Micro, Small and Medium Enterprises, Shri Kalraj Mishra in a written reply to a question in Lok Sabha here today.

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Kerala Labour and Skills Minister calls on Shri Bandaru Dattatreya

The Minister for Labour and Skills, Government of Kerala Shri Shibu Baby John and Member of Parliament from Kollam Shri N.K. Premachandran called on the Minister of State for Labour and Employment (Independent Charge) Shri Bandaru Dattatreya here today.

The issue of ESIC Medical College at Paripally, Kollam, Kerala was discussed wherein it was requested to fill up the faculty and start the admission process. Shri Bandaru Dattatreya assured that the matter is being looked into and after consultations with all stakeholders including the State Government of Kerala a decision will be taken.

The Minister for Labour & Skills, Government of Kerala also brought to the notice the issue of semester system in ITIs in Kerala and its drawbacks. It was informed that introduction of semester system has brought in discipline in the running of the ITIs across the country.

The issue of imposing of Service Tax on Kerala Headload Workers Welfare Fund Board by Finance Ministry was discussed. Shri Bandaru Dattatreya assured that the matter will be taken up with Union Finance Ministry.
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