Industrial Development • Ministry of Micro, Small and Medium enterprises contributes nearly 8% in GDP, 40% in manufacturing output and 45% in exports • They provide the largest share of employment after agriculture • They have emerged as a dynamic and vibrant sector of economy MSME ?
Micro, Small ,Medium Enterprises
On The Basis of Investment & Turnover
Industry Differentiation Investment Turnover in Plant & Machinery or Equipment
> Rs. 1 cr. Micro > Rs. 5 cr.
Small > Rs. 10 cr. > Rs. 50 cr.
> Rs. 50 cr. Medium > Rs. 250 cr.
Role /Features of MSME Employment Generation
Production
Export Contribution
Increase GDP
Innovation & Development
Utilizing resources (Local) optimally
MSME and Its schemes Regulated through MSMED Act, 2006 Micro, Small ,Medium Enterprises Development (MSMED) Seeks to facilitate the development of these enterprises Establishment of specific funds for the promotion, development & enhancing competitiveness of these enterprises
Different schemes have been launched to grow MSME Sector
International Cooperation Scheme Provide financial assistance upto 95% of airfare and space rent for entrepreneurs, Participation by Indian MSMEs in international exhibitions, tade fares and buyer sellers meet in foreign countries as well as in India, in which there is international participation. Assistance to training Institutions(AIT) Provided to training institutions in the form of capital grant for creations/strengthen of infrastructure and support for conducting entrepreneurship development and skill development training programs. MSME and its schemes Marketing Assistance Financial assistance of up to 95% of airfare and space rent for entrepreneurs; assistance is provided on the basis of size & type of the enterprise
ISO 9000/ ISO14001 Certification reimbursement
Reimbursement of charges for acquiring ISO 9000/ ISO 140001/HACCP certification to the extent of 75% of expenditure subject to a maximum of Rs. 75000 in each case.
Credit linked Capital Subsidy CLCS for Technology Upgradation
Aims at facilitating technology upgradation by providing 15% upfront capital subsidy to MSEs
National Small Industries corporation Limited (NSIC)
To promote aid and foster the growth of micro & small enterprises in the country, generally on commercial basis. Savita S. Dhonnar