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Centre to launch exclusive scheme for women entrepreneurs: MSME Ministry

Updated: Jan 09, 2017 06:26:13am

Centre to launch exclusive scheme for women entrepreneurs: MSME Ministry

Hyderabad, Jan 9 (KNN) The Centre is planning to launch an exclusive scheme for women entrepreneurs before the end of financial year, BH Anil Kumar, Joint Secretary of the Ministry of Micro, Small and Medium Enterprises has said.

He was speaking at the launch ceremony of myloanassocham.com, a portal, facilitating loan to MSMSE enterprises by the Associated Chambers of Commerce industry of India (ASSOCHAM).

He said, “It will be an exclusive scheme for women entrepreneurs. We have not yet finalised the contours. We are trying to launch it before the end of the financial year. "

He said that the MSME sector contributes 8 per cent to the country's GDP, 38 per cent of the manufacturing output and 40 per cent of the exports as per survey conducted randomly in the year 2007.

It is not clear how much of that information is based on hard-core data, according to him.

He said the Ministry is creating MSME data bank to get the actual data based on which it can project the actual requirements of the sector.

Kumar also asked the MSMEs to register themselves.

Anil Kumar Said, Reserve Bank of India, has issued guidelines for creation of committees for revival and rehabilitation of MSMEs which are facing stress. Banks are in the process of setting them at State levels. The 90 per cent of MSMEs in India are either based on proprietorship or partnership model.

Others who participated in the event were Jiji Mammen, CEO, MUDRA, S Uma Shanmukhi, GM (SME), SBI, Jyoti Prakash Gadia, MD, Resurgent India Ltd., Srikanth Badiga, Chairman, Assocham, Telengana Development Council and DS Rawat, Secretary General, Assocham.


  1. Kripa
    Kripa 10/01/2017 2:20 AM

    Can i get more details of this program . How can i avail a loan ans from where. What all businesses can i start with this loan.

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