Home / Knowledge / News / Textiles / 'Report to people 2004-2007' - Ministry of small scale industries

'Report to people 2004-2007' - Ministry of small scale industries

29
May '07
The following are the excerpts from the “Report to the People 2004-2007” on Small Scale Industries & Agro and Rural Industries. The report was released by the Prime Minister Dr. Manmohan Singh on 22nd May, 2007.

The Micro, Small and Medium Enterprises Development Act, 2006 provides the first-ever legal frame for covering services along with manufacturing under the concept of enterprises, progressive classification of enterprises, statutory consultative mechanism, establishment of a fund for promotion and development of such enterprises, preference in government procurement of products and services of such enterprises, effective mechanism for mitigating problems of delayed payments, etc.

A major promotional package has been announced and this includes measures to address most of the concerns in areas of credit, cluster-based development, technology upgrade, marketing, infrastructure upgrade, etc. The corpus of the Credit Guarantee Fund is being revised from Rs. 1,132 crore in March 2006 to Rs. 2,500 crore over a period of five years.

Following the credit policy for small and medium enterprises announced in 2005, outstanding credit to the sector increased from Rs. 135,200 crore in 2005 end to Rs. 173,460 crore in 2006 end.

A major step has been taken towards provision of social security to labour in the unorganised sector in rural areas through enactment of the National Rural Employment Guarantee Act.

The National Commission on Enterprises in the Unorganised Sector has been set up to act as an advisory body and a watchdog and to submit periodic reports to the Government.

Its terms of reference cover broadly the entire gamut of issues relating to unorganised sector and it has done significant work on relevant legislation through wide-ranging consultations with stakeholders, particularly state governments with the objective of providing a social security net, including health insurance and other schemes for these workers.


Must ReadView All

Pic: Shutterstock

Retail | On 21st Sep 2021

US clothing stores sales up 0.1% MoM, 36.6% YoY in August: NRF

Retail sales in the US increased during August as consumer demand...

Pic: Shutterstock

Apparel/Garments | On 21st Sep 2021

Research paper urges Kenya to cultivate new export markets

To diversify its exports and markets, Kenya should endeavor to raise...

Pic: Shutterstock

Textiles | On 21st Sep 2021

Pakistan's textile & apparel exports rise 28.67% in July-Aug ’21

The value of textile and garment exports from Pakistan increased by...

Interviews View All

Gaurav Davda, Jindal Worldwide Ltd

Gaurav Davda
Jindal Worldwide Ltd

Indian MMF sector to become globally competitive

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Cannot see the world breaking away from cotton & polyester

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Sustainable and eco-friendly fibres remain in the minority

Shivaani Jain,

Shivaani Jain

Established in 2015, Once Upon A Trunk is a one-stop-shop with almost...

Shyam Gupta,

Shyam Gupta

Established by <b>Shyam Gupta</b> in 1978, Gargee Designer's (GD) offers...

Ghatit Laheru,

Ghatit Laheru

When the 2001 tremblor wrecked the Kachchh region of Gujarat throwing many ...

Daniel Odermatt, Ventile

Daniel Odermatt
Ventile

Ventile is a registered trademark used to brand a special high-quality...

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

Brad Holschuh, Wearable Technology Lab, University of Minnesota

Brad Holschuh
Wearable Technology Lab, University of Minnesota

A new study led by researchers at the University of Minnesota's Design of...

Raghavendra Rathore, Label Raghavendra Rathore Jodhpur

Raghavendra Rathore
Label Raghavendra Rathore Jodhpur

Being one of the first designers to use the "Brand India" positioning for...

Gaurang Shah, Label Gaurang Shah

Gaurang Shah
Label Gaurang Shah

Hyderabad based designer <b>Gaurang Shah</b>, has been traversing the...

Seema Gujral, Label Seema Gujral

Seema Gujral
Label Seema Gujral

<b>Seema Gujral</b>'s designs for her eponymous label revolve around...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


September 2021

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


Advanced Search