Industries-SSIs

Current Policies-SSIs Last polices n recommendations Sectors lacking Point of view GDP contribution Five year plan: An overview

Micro, Small and Medium Enterprises (MSME)

Micro, Small and Medium Enterprises (MSME) sector has emerged as a highly vibrant and dynamic sector of the Indian economy over the last five decades. MSMEs not only play crucial role in providing large employment opportunities at comparatively lower capital cost than large industries but also help in industrialization of rural & backward areas, Thereby, reducing regional imbalances, assuring more equitable distribution of national income and wealth. MSMEs are complementary to large industries as small units and this sector contributes enormously to the socioeconomic development of the country.

 Khadi and Village Industries (KVI) are two national heritages of India. One of the most significant aspects of KVI in Indian economy is that it creates employment at a very low per capita investment. The KVI Sector not only serves the basic needs of processed goods of the vast rural sector of the country Coir Industry is an agro-based traditional industry, It is an export oriented industry and having greater potential to enhance exports by value addition through technological interventions and diversified products like Coir Geotextiles

 The role of the MSME and its organizations is to assist the States in their efforts to encourage entrepreneurship, employment and livelihood opportunities and enhance the competitiveness of MSMEs in the changed economic scenario. The schemes/undertaken by the Ministry and its organizations seek to provide opportunity: Adequate flow of credit from financial institutions/banks Support for technology up-gradation and modernization; Integrated infrastructural facilities Modern testing facilities and quality certification Access to modern management practices Entrepreneurship development and skill up-gradation through appropriate training facilities Support for product development, design intervention and packaging; Welfare of artisans and workers

POLICY INITIATIVES

 IMPLEMENTATION OF MICRO,SMALL AND MEDIUM ENTERPRISES, DEVELOPMENT (MSMED) ACT, 2006 The MSME Development Act 2006 came into effect on 2nd October 2006. Subsequently both the Central and State Governments have taken effective steps towards implementation of the Act. Notification for Authority for receiving Memoranda for Micro and Small Enterprises (MSEs) Notification of Rules of MSE-Facilitation Council (MSEFC) Notification of Constitution of Micro and Small Enterprises Facilitation Council (MSEFC)

Reservation/De-reservation of products for manufacture in the micro and small enterprise sector The Policy of Reservation of Products for Exclusive Manufacture in SSI (now MSEs) was initiated in 1967. Objective of achieving socio-economic development, through development and promotion of small units all over the country. This was expected to result in countering the challenges of regional industrial imbalances, employment generation through self-employment ventures, increased productivity, etc. MSEs are being encouraged to modernize and enhance their competitiveness for facing the challenges arising out of liberalization and globalization of the economy.

Rajiv Gandhi Udyami Mitra Yojana

The objective of Rajiv Gandhi Udyami Mitra Yojana (RGUMY) is to provide handholding support and assistance to the potential first. Generation entrepreneurs, who have already successfully completed Entrepreneurship Development Training Programmeme (EDP)/ Skill Development Training Programmeme (SDP) An Udyami Helpline (a Call Centre for MSMEs) with a toll free No. 1800180-6763 is functioning under the Scheme which provides information, support, guidance and assistance to first generation entrepreneurs.