Home / Knowledge / News / New initiatives for the promotion of MSMES
New initiatives for the promotion of MSMES
Apr '08
The Central Government supplements the efforts of the States/UTs by providing supportive measures through schemes/initiative to enhance the competitiveness of the Micro, Small and Medium Enterprises (MSMEs) and enable them to grow and generate more and more employment.

The measures include ongoing schemes as well as new schemes under the Package for Promotion of Micro and Small Enterprises announced in Lok Sabha on 27th February 2007.

Some of the new initiatives for the promotion and development of Micro, Small and Medium Enterprises (MSMEs)are:
1. Scheme for financial assistance to select management/business schools and technical institutes to conduct tailor made courses,

2. Scheme for financial assistance to five select universities / colleges to run 1200 entrepreneurial clubs.

3. Rajiv Gandhi Udyami Mitra Yojana to assist potential 1.5 lakh first-generation entrepreneurs in completion of various formalities and tasks necessary for setting up of their enterprises and to facilitate them in completing the required formalities during the course of Eleventh Five Year Plan.

4. Scheme for Prime Minister's Employment Generation Programme (PMEGP) by merger of existing REGP and PMRY Schemes (proposed)

5. Package for developing infrastructure for Khadi Institutions including nursing fund for weak institutions.(proposed)

6. Workshed Scheme for Khadi Artisans

7. Scheme for enhancing productivity and competitiveness of Khadi industries and artisans. (proposed), and

8. Scheme for rejuvenation, modernization and technological upgradation of coir industry.

Moreover, 10-point initiatives under the National Manufacturing Competitiveness Programme (NMCP) have been announced to be implemented during Eleventh Plan period in MSME clusters in the Public Private Partnership (PPP) mode.

This information was given by the Minister of Micro, small & Medium Enterprises, Shri Mahabir Prasad in a written reply to a question in Lok Sabha.

Press Information Bureau Government of India

Must ReadView All

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Rahuul Jashnani

‘Online economy has changed the whole dynamics of buying habits.’

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search