133.53% increase in fund allocated to MSMEs during 12th Plan
Updated: Aug 14, 2014 12:40:07pm
New Delhi, Aug 14 (KNN) In order to boost the country’s micro, small and medium enterprises (MSMEs), the government has allocated Rs 24,124 crore for the sector during the Twelfth Five-Year Plan period (2012-17), which is an increase of 133.53 per cent over the Eleventh Plan, Union MSME Minister Kalraj Mishra has informed Parliament.
"In order to boost the growth of the MSME sector during the Twelfth Five Year Plan an outlay of Rs 24,124 crore has been allocated for Ministry of MSME. This XIIth Plan allocation represents an increase of 133.53 per cent over the XIth Five Year Plan allocation of Rs 10,330 crore," Mishra said in a written reply in the Lok Sabha yesterday.
As per Fourth All India Census of MSMEs and Economic Census (2005), the estimated number of enterprises operating in the country and capital investment involved therein, are 361.76 lakh and Rs 6,89,954.88 crore respectively.
Also, Small Industries Development Bank of India (SIDBI) has set up Credit Advisory Centres (CACs) in partnership with cluster level industry associations to provide a number of escort services to MSMEs at the cluster level which includes guiding new/existing entrepreneurs regarding availability of schemes of commercial banks, government subsidies/benefits, provide borrowers with debt counselling, answering queries raised by banks etc.
So far, 50 CACs have been set up at various centres all over India in partnership with Industry Associations covering 306 clusters.
To promote MSMEs in the country, the Government is implementing various schemes/programmes relating to credit, technology upgradation and skill development amongst others.
Some of the major schemes / programmes being implemented are Prime Minister’s Employment Generation Programme; Credit Guarantee Scheme; Performance and Credit Rating Scheme; Credit Linked Capital Subsidy Scheme; National Manufacturing Competitiveness Programme (NMCP); Skill Development Programme to provide skilled manpower for MSMEs; Providing Infrastructure and Common Facilities Centres to MSME clusters; Providing Raw material and marketing support through NSIC; and Marketing Development Assistance Support to MSME etc. (KNN Bureau)
"In order to boost the growth of the MSME sector during the Twelfth Five Year Plan an outlay of Rs 24,124 crore has been allocated for Ministry of MSME. This XIIth Plan allocation represents an increase of 133.53 per cent over the XIth Five Year Plan allocation of Rs 10,330 crore," Mishra said in a written reply in the Lok Sabha yesterday.
As per Fourth All India Census of MSMEs and Economic Census (2005), the estimated number of enterprises operating in the country and capital investment involved therein, are 361.76 lakh and Rs 6,89,954.88 crore respectively.
Also, Small Industries Development Bank of India (SIDBI) has set up Credit Advisory Centres (CACs) in partnership with cluster level industry associations to provide a number of escort services to MSMEs at the cluster level which includes guiding new/existing entrepreneurs regarding availability of schemes of commercial banks, government subsidies/benefits, provide borrowers with debt counselling, answering queries raised by banks etc.
So far, 50 CACs have been set up at various centres all over India in partnership with Industry Associations covering 306 clusters.
To promote MSMEs in the country, the Government is implementing various schemes/programmes relating to credit, technology upgradation and skill development amongst others.
Some of the major schemes / programmes being implemented are Prime Minister’s Employment Generation Programme; Credit Guarantee Scheme; Performance and Credit Rating Scheme; Credit Linked Capital Subsidy Scheme; National Manufacturing Competitiveness Programme (NMCP); Skill Development Programme to provide skilled manpower for MSMEs; Providing Infrastructure and Common Facilities Centres to MSME clusters; Providing Raw material and marketing support through NSIC; and Marketing Development Assistance Support to MSME etc. (KNN Bureau)
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