MSMEs in Pune attract Rs 62,575 cr investment

Pune, Mar 9 (KNN) The Micro, Small and Medium Enterprises (MSME) in Pune have attracted Rs 62,575 crore capital investment, according to the Economic Survey of Maharashtra (2019-20).

The said investment is 29.3 per cent of the total Rs 2, 13,400 crore investment the sector has attracted in Maharashtra during the period, reveals the survey, which was presented in the state Legislature on March 5. 

The survey, which was presented in the state Legislature on March 5, covered all the seven regions of the state — Mumbai, Konkan, Pune, Aurangabad, Nashik, Amravati and Nagpur —and has found that Pune has seen the most activity in terms of investment and employment generation.

As per the data available in the survey, between October 2015 and December 2019, a total of 14, 90,202 Udyog Aadhaars were issued to MSMEs in the state, of which 3.36 lakh were generated in the Pune region. Udyog Aadhaar  Number  which  is  a  twelve  digit  Unique  Identification  Number  provided  by  the  Ministry of Micro, Small and Medium Enterprises, GoI. This is a hassle free registration of a small or medium enterprise which becomes eligible for all government benefits and schemes like low rate interest, easy loan, loan without guarantee, subsidies, etc.

The survey further states that of the 14.90 lakh MSMEs, 13.10 lakh are micro units, 1.73 small and 0.07 lakh are medium-scale enterprises, it states. The survey also states that a total of 78.92 lakh jobs were generated by the sector across the state, of which 20.41 lakh were in the Pune region.

Notably, to promote industries ain the state, Deputy Chief Minister Ajit Pawar, who also holds the finance portfolio, proposed to reduce electricity duty on industrial use from 9. 3 per cent to 7.5 per cent of consumption charges.

''The reduction in electricity duty will help promote industries in the state,'' the minister said.

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