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    Industries-SSIs Current Policies-SSIs

    Last polices n recommendations

    Sectors lacking

    Point of view

    GDP contribution

    Five year plan: An overview

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    Micro, Small and Medium Enterprises

    (MSME)

    Micro, Small and Medium Enterprises (MSME) sector has

    emerged as a highly vibrant and dynamic sector of the Indian

    economy over the last five decades.

    MSMEs not only play crucial role in providing large employment

    opportunities at comparatively lower capital cost than large

    industries but also help in industrialization of rural & backward

    areas,

    Thereby, reducing regional imbalances, assuring more equitable

    distribution of national income and wealth.

    MSMEs are complementary to large industries as small units

    and this sector contributes enormously to the socioeconomic

    development of the country.

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    Khadi and Village Industries (KVI) are two national heritages

    of India. One of the most significant aspects of KVI in Indian

    economy is that it creates employment at a very low per

    capita investment. The KVI Sector not only serves the basic

    needs of processed goods of the vast rural sector of thecountry

    Coir Industry is an agro-based traditional industry, It is an

    export oriented industry and having greater potential to

    enhance exports by value addition through technologicalinterventions and diversified products like Coir Geotextiles

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    The role of the MSME and its organizations is to assist the States in theirefforts to encourage entrepreneurship, employment and livelihoodopportunities and enhance the competitiveness of MSMEs in thechanged economic scenario.

    The schemes/undertaken by the Ministry and its organizations seek toprovide opportunity:

    Adequate flow of credit from financial institutions/banks

    Support for technology up-gradation and modernization;

    Integrated infrastructural facilities

    Modern testing facilities and quality certification

    Access to modern management practices

    Entrepreneurship development and skill up-gradation through appropriatetraining facilities

    Support for product development, design intervention and packaging;

    Welfare of artisans and workers

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    POLICY INITIATIVES

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    IMPLEMENTATION OF MICRO,SMALL AND MEDIUM ENTERPRISES,

    DEVELOPMENT (MSMED) ACT, 2006

    The MSME Development Act 2006 came into effect on 2nd October 2006.

    Subsequently both the Central and State Governments have taken

    effective steps towards implementation of the Act.

    Notification for Authority for receiving Memoranda for Micro and Small

    Enterprises (MSEs)

    Notification of Rules of MSE-Facilitation Council (MSEFC)

    Notification of Constitution of Micro and Small Enterprises Facilitation

    Council (MSEFC)

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    Reservation/De-reservation of products for manufacture in the

    micro and small enterprise sector

    The Policy of Reservation of Products for Exclusive Manufacture

    in SSI (now MSEs) was initiated in 1967.

    Objective of achieving socio-economic development, through

    development and promotion of small units all over the country.

    This was expected to result in countering the challenges of

    regional industrial imbalances, employment generation

    through self-employment ventures, increased productivity, etc.

    MSEs are being encouraged to modernize and enhance their

    competitiveness for facing the challenges arising out of

    liberalization and globalization of the economy.

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    Rajiv Gandhi Udyami Mitra Yojana

    The objective of Rajiv Gandhi Udyami Mitra Yojana (RGUMY) is to provide

    handholding support and assistance to the potential first.

    Generation entrepreneurs, who have already successfully completed

    Entrepreneurship Development Training Programmeme (EDP)/ Skill

    Development Training Programmeme (SDP)

    An Udyami Helpline (a Call Centre for MSMEs) with a toll free No. 1800-

    180-6763 is functioning under the Scheme which provides information,

    support, guidance and assistance to first generation entrepreneurs.

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