Government's Promotional Package for Micro & Small Enterprises

28 Feb '07

3 min read

The Government has announced a Promotional Package for Micro, Medium and Small Enterprises here. In fulfillment of the assurance in the National Common Minimum Programme Shri Mahabir Prasad, Union Minister for Small Scale Industries and Agro and Rural Industries announced a policy package for stepping up credit to Micro, Small and Medium Enterprises in Lok Sabha.

Following is the complete text of the Statement made by Shri Mahabir Prasad, Minister of Small Scale Industries and Agro and Rural Industries regarding package for promotion of Micro and Small Enterprises:
“1. Among the six basic principles of governance underlying the National Common Minimum Programme (NCMP) of the Government, sustained “economic growth in a manner that generates employment” has a pride of place. The NCMP also describes the small scale industries as “the most employment-intensive segment”.

2. This is indeed so. The small scale industries of India (including the tiny industries and small scale service and business entities) have a long history of promoting economic growth that is employment-oriented and spatially widespread, and hence inclusive.

At the beginning of the X Plan (2002-03), the segment provided gainful employment to 24.9 million people in the rural and urban areas of the country through 10.5 million units, engaged in manufacturing and providing a wide range of goods and services. Over the next four years (end 2005-06), they have grown to 12.3 million units providing employment to 29.5 million persons.

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