Professional Documents
Culture Documents
Student PPT Notes
Student PPT Notes
Government of India in agreement with the Micro, Small & Medium Enterprises
Development (MSMED) Act, 2006. MSME is initiated and managed under the
Ministry of MSME (MoMSME) are entities engaged in the production, manufacturing,
processing, or preservation of goods and commodities.
• FEATURES OF MSME
• MSMEs work for the welfare of the workers and artisans. They help them by giving
employment and by providing loans and other services.
• MSMEs provide credit limit or funding support to banks.
• They promote the development of entrepreneurship as well as up-gradation of skills
by launching specialized training centers for the same.
• They support the up-grading of developmental technology, infrastructure
development, and the modernization of the sector as a whole
• MSMEs are known to provide reasonable assistance for improved access to the
domestic as well as export markets.
• They also offer modern testing facilities and quality certification services.
• Udyam registration is the new process for registering MSME (micro, small and
medium enterprises) launched by the Ministry of Micro, Small & Medium Enterprises
on July 1, 2020.
• Udyam Registration or MSME Registration is nothing but a government registration
that is provided along with a recognition certificate and a unique number. This
registration is to certify micro/small/medium enterprises.
• Udyam registration is essential for availing the various benefits of schemes or
programs of the Ministry of MSME, such as the Credit Guarantee Scheme, public
procurement policy, additional edge in Government Tenders and protection against
delayed payments, etc.
• The primary aim of the Atal Innovation Mission (AIM) is to foster a culture of
innovation, creativity. and entrepreneurship among the vouth of India. It aims to
encourage students, entrepreneurs, and startups to think innovatively, develop
practical solutions to real-world problems, and contribute to the economic and
technological growth of the country. The mission seeks to achieve this aim through
several specific objectives:
• 1. Promoting Innovation Ecosystem: AIM strives to create a robust and inclusive
ecosystem that nurtures innovation at all levels, from schools and colleges to
startups and industries.
• 2. Nurturing Creativity: The mission aims to cultivate creativity, critical thinking,
problem-solving skills, and a proactive mindset among students and young
individuals.
• 3. Supporting Startups: AIM provides startups and entrepreneurs with essential
resources, mentorship, infrastructure, and funding to help them turn their innovative
ideas into successful businesses.
• 4. Industry-Academia Collaboration: The mission encourages collaboration between
educational institutions, industries, and research organizations, facilitating the
practical application of knowledge and research outcomes.
• 5. Solving Societal Challenges: AIM seeks to address pressing societal and industrial
challenges by inviting innovators and startups to develop practical solutions through
initiatives like the Atal New India Challenges.
• 6. Promoting Research and Development: AIM supports applied research and
innovation proiects through initiatives like Atal Research & Innovation for Small
Enterprises (ARISE), contributing to advancements in technology and industry.
• 7. Entrepreneurial Mindset: The mission aims to instill an entrepreneurial mindset
among students and young individuals, encouraging them to explore innovative
career paths and become job creators.
• 8. Technology Advancement: By promoting innovation, AIM aims to accelerate
technological advancements and ensure that India remains competitive in the global
technologicallandscape.
• 9. Empowering Marginalized Communities: Initiatives like Atal Community Innovation
Centers (ACICs) target underserved and marginalized communities, providing them
with opportunities to innovate and contribute to their own development.
• 10. Creating Jobs: The focus on startups and innovation has the potential to create
new job opportunities, contributing to economic growth and employment
generation.
• The PLI will be extended only to companies engaged in the manufacturing of drones
and drone components in India.
• Indian MSMEs and startups manufacturing drones and having annual sales turnover
of Rs 2 crore will be eligible for the scheme. In the case of drone component makers,
the eligibility threshold will be Rs 0.5 crore.
• For Indian non-MSMEs that are into making drones, the annual sales turnover
requirement will be Rs 4 crore for claiming the PLIs. The minimum level will be Rs 1
crore in the case of non-MSME drone component makers, as per the ministry.
• Subject to the norms, developers of software for drones and drone components will
also be eligible for PLI.
If there are no incentives payable in the next year(s), the applicant has to return the
incentive along with interest calculated at 3 years SBI MCLR prevailing on the date of
disbursement, compounded annually, for the number of days of holding the excess
incentive," the ministry said.