Major schemes by Ministry of MSME

(Ministry of Micro, Small & Medium Enterprises)

WHAT

The Ministry of Micro, Small and Medium Enterprises is striving to increase the number of micro and small industries in the country on a sustainable basis through the implementation of various schemes and programmes.

The Ministry provides better credit facility, technology upgradation and skilling to boost the entire MSME eco-system.

 

Followings are the major schemes being implemented by the Ministry of MSME:

• Prime Minister’s Employment Generation Programme (PMEGP)

This is a credit-linked subsidy programme aimed at generating self-employment opportunities through establishment of micro-enterprises in the non-farm sector by helping traditional artisans and unemployed youth.

 

• Scheme of Fund for Regeneration of Traditional Industries (SFURTI)

It is a cluster-based scheme for development of khadi, village industries and coir clusters by providing them with improved equipments, common facilities centers, business development services, training, capacity building and design and marketing support, etc.

 

• A Scheme for Promotion of Innovation, Rural Industry and Entrepreneurship (ASPIRE)

It was launched to set up a network of technology centres and to set up incubation centres to accelerate entrepreneurship and also to promote start-ups for innovation and entrepreneurship in agro-industry.

 

• Coir Board

Ministry of MSME, through Coir Board, is also implementing various Schemes/programmes to assist entrepreneurs to set up new Micro, Small and Medium Enterprises (MSMEs) in all coconut producing states.

 

• Credit Guarantee Scheme for Micro and Small Enterprises (CGTMSE)

The scheme facilitates credit to the MSE units by covering collateral- -free credit facility (term loan and /or working capital) extended by eligible lending institutions to new and existing micro and small enterprises.

 

• Credit-linked Capital Subsidy Scheme (CLCSS)

CLCSS facilitates technology upgradation of small scale industries, including agro & rural industrial units by providing 15% upfront capital subsidy.

 

• Micro & Small Enterprises-Cluster Development Programme (MSE-CDP)

The Ministry of Micro, Small and Medium Enterprises (MSME), has adopted the Cluster Development approach as a key strategy for enhancing the productivity and competitiveness as well as capacity building of Micro and Small Enterprises (MSEs) and their collectives in the country. A cluster is a group of enterprises located within an identifiable and as far as practicable, contiguous area and producing same / similar products / services.

 

Source: PIB

 

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