Share of export through MSMEs consistent over 40 % in the last three years
Updated: Dec 20, 2014 01:52:30pm
“Government has been implementing various schemes and programmes to increase the exports of MSME sector. Some of these initiatives include National Manufacturing Competitiveness Programme (NMCP), Credit Guarantee Scheme, Credit Linked Capital subsidy Scheme, Cluster Development Programme, Market Development Assistance Scheme and Vendor Development Programme for Ancillarisation,” she said.
“The exporters including MSMEs can either avail the facility of duty free raw materials under Advance Authorisation Scheme or Duty Free Import Authorisation Scheme or alternatively may get back duty suffered/ paid by them under Duty Drawback Scheme. The systems are online and time bound,” Sitharaman added. (KNN/TR)
The contributions of MSMEs in the export of the country are as follows:
Sl. No. | Year |
MSME Export (US$ Million) |
Share of MSME in India’s Total Export |
1. | 2011-12 | 1,31,483 | 43% |
2. | 2012-13 | 1,28,162 | 43% |
3. | 2013-14 | 1,33,364 | 42% |
Source: Ministry of Commerce and Industry