Investment in Tamil Nadu MSMEs triples in last decade
Updated: Apr 30, 2013 02:35:59pm
Chennai, Apr 30 (KNN) Investment in the micro, small and medium enterprises (MSMEs) in Tamil Nadu has surged to Rs 8,751.54 crore this year with 83,348 enterprises as of February-28.
The number has almost increased three times since 2003-04 from 25,794 units representing an investment of only Rs 722.16 crore, according to a media report.
According to the Fourth All India Census of MSMEs (2006-07), Tamil Nadu accounts for 14.95 per cent of the total number of operational MSMEs in India. Also, 15.24 per cent of India's micro enterprises are located in the state (the highest among all states), while 9.6 per cent of India's small enterprises (third highest among states) and 9.21 per cent of the country's medium enterprises (second highest) are located in Tamil Nadu.
Significantly, with an aim to boost the MSME sector, the state government recently introduced the Tamil Nadu Vision 2023 programme, along with some initiatives to help improve the competitiveness of SMEs.
The focus areas of the programme will be access to finance, technology and markets; a conducive regulatory and policy environment; and infrastructure availability.
The vision document has suggested a strategy for effectively addressing the above issues through a combination of policy measures, skill development and infrastructure facilities. Also, cluster development will be adopted in implementing focused initiatives to make SMEs competitive. The cluster development initiative will include both ancillary clusters based on large mother industries and stand-alone clusters.
During the Twelfth Five-Year Plan period in the state, according to Tamil Nadu's Rural Industries Minister P Mohan, the government has planned to generate 1,500,000 additional jobs.
The minister also said for April-December 2012, Rs 9,409.44 crore and Rs 8,483.02 crore were sanctioned as credit to micro and small enterprises respectively, in the state.
The share of loans to micro enterprises in total loans to micro and small enterprises (MSEs) in April-December 2012 was 52.59 per cent, as against 39.56 per cent during the corresponding period of 2011.
Total loans given by commercial banks to MSEs in the state increased to Rs 62,682.65 crore as on December 31, 2012, from Rs 55,740.64 crore as on December 31, 2011, according to a policy note that Mohan tabled in the state Assembly.
Total loans by cooperative banks to MSEs in the state increased to Rs 2,504.09 crore as on December 31, 2012, from Rs 1,825.89 crore as on December 31, 2011, the media report quoting Mohan said.
Tamil Nadu has a strong micro, small and medium enterprises (MSME) base with nearly 7 lakh registered units, the highest for any state in India. The investment in SMEs is estimated at Rs. 32,000 crore providing employment to more than 50 lakh people which is also the highest for any state in India. (KNN)
The number has almost increased three times since 2003-04 from 25,794 units representing an investment of only Rs 722.16 crore, according to a media report.
According to the Fourth All India Census of MSMEs (2006-07), Tamil Nadu accounts for 14.95 per cent of the total number of operational MSMEs in India. Also, 15.24 per cent of India's micro enterprises are located in the state (the highest among all states), while 9.6 per cent of India's small enterprises (third highest among states) and 9.21 per cent of the country's medium enterprises (second highest) are located in Tamil Nadu.
Significantly, with an aim to boost the MSME sector, the state government recently introduced the Tamil Nadu Vision 2023 programme, along with some initiatives to help improve the competitiveness of SMEs.
The focus areas of the programme will be access to finance, technology and markets; a conducive regulatory and policy environment; and infrastructure availability.
The vision document has suggested a strategy for effectively addressing the above issues through a combination of policy measures, skill development and infrastructure facilities. Also, cluster development will be adopted in implementing focused initiatives to make SMEs competitive. The cluster development initiative will include both ancillary clusters based on large mother industries and stand-alone clusters.
During the Twelfth Five-Year Plan period in the state, according to Tamil Nadu's Rural Industries Minister P Mohan, the government has planned to generate 1,500,000 additional jobs.
The minister also said for April-December 2012, Rs 9,409.44 crore and Rs 8,483.02 crore were sanctioned as credit to micro and small enterprises respectively, in the state.
The share of loans to micro enterprises in total loans to micro and small enterprises (MSEs) in April-December 2012 was 52.59 per cent, as against 39.56 per cent during the corresponding period of 2011.
Total loans given by commercial banks to MSEs in the state increased to Rs 62,682.65 crore as on December 31, 2012, from Rs 55,740.64 crore as on December 31, 2011, according to a policy note that Mohan tabled in the state Assembly.
Total loans by cooperative banks to MSEs in the state increased to Rs 2,504.09 crore as on December 31, 2012, from Rs 1,825.89 crore as on December 31, 2011, the media report quoting Mohan said.
Tamil Nadu has a strong micro, small and medium enterprises (MSME) base with nearly 7 lakh registered units, the highest for any state in India. The investment in SMEs is estimated at Rs. 32,000 crore providing employment to more than 50 lakh people which is also the highest for any state in India. (KNN)
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