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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

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