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MSME Ministry to synergize schemes from different ministries under Udyam Shakti

Updated: Sep 22, 2022 08:12:30am
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MSME Ministry to synergize schemes from different ministries under Udyam Shakti

New Delhi, Sept 22 (KNN) The Ministry of MSME is working towards developing Udyam Shakti, a common platform for various schemes from different ministries and public departments.

The work is currently in progress, informed Ishita Ganguli Tripathy, Additional Development Commissioner, Office of DC-MSME while addressing the second edition of SMEArtha event organised by FEAspire.

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“This is something where we are working with other ministries, departments and also state governments for converging their programmes. With MSMEs registering on the Udyam portal, we are looking to give them the benefits of (schemes) by other ministries, departments, and state governments also instead of only schemes by the MSME ministry,” said Tripathy. 

However she did not reveal the details on how the initiative will enable MSMEs to benefit from the relevant schemes of other ministries and the date for its launch is yet to be announced.

“We are now going to use banks and other financial institutions’ database of enterprises who have not yet registered on the Udyam portal and use the data to bring those unorganised businesses to formal sector in order to help them in accessing credit. We are working with SIDBI on this and hope to see the results soon,” she added. 

She also highlighted the chief objective of the Ministry is to bring MSMEs into the formal economic segment.  (KNN Bureau)

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