MSME Ministry adopts numerous schemes to support artisans

New Delhi, Nov 26 (KNN) To provide financial assistance to artisans and craft persons, Ministry of Micro Small and Medium Enterprises (MSMEs) has adopted and is implementing various schemes through Khadi and Village Industries Commission (KVIC) and Coir Board, according to an official release.

The release further said that Prime Minister’s Employment Generation Programme (PMEGP) is a credit linked subsidy scheme, for setting up of new micro-enterprises and to generate employment opportunities in rural as well as urban areas of the country through KVIC, State Khadi & Village Industries Board (KVIB) and District Industries Centre (DIC).

Apart from these, scheme of Fund for Regeneration of Traditional Industries (SFURTI) has been under implementation since 2005-06 for making Traditional Industries more productive, market driven and competitive by organizing the Traditional Industries and artisans into clusters, the release added.

While the “Khadi Vikas Yojana” (KVY) includes two new components such as (1) Rozgar Yukt Gaon, (2) Design House (DH) and existing schemes.

Gramodyog Vikas Yojana (GVY) - Promotion and development of the village industries through common facilities, Technological modernization, training etc other support and services for promotion of village Industries.

Under Research & Development and Product Innovation (R&D) support would be given to the institutions that intend to carry product development, new innovations, design development, product diversification processes etc., it added.

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