SSIs growth rate in 06-07 projected at over 12.5%

24 Nov '07

1 min read

Based on the revised Index of Industrial Production for the Small Scale Industries (SSIs) sector, with base year 2001-02, the rate of growth of production of SSIs in the country during 2004-05, 2005-06,and 2006-07(projected) have been 10.9% , 12.3% and 12.6% respectively.

To assist the States/UTs and supplement their efforts in this regard, the Central Government implements several schemes/ programmes for promotion and development of SSIs.

These, inter alia, include, (i) facilitating availability of credit mainly through public sector banks/institutions, (ii) assistance for (a) technology upgradration, (b) marketing,(c) integrated infrastructural development,(d) comprehensive need-based development of clusters, and (iii) entrepreneurship development.

The Government has also enacted the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 to facilitate the promotion and development of micro, small and medium enterprises and enhancement of their competitiveness. The Act came into effect from 2nd October, 2006.

Besides, Government implements the Pradhan Mantri Rozgar Yojana (PMRY) and Rural Employment Generation Programme (REGP) specifically designed for creating self-employment opportunities among unemployed youth.

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

Press Information Bureau Government of India

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