🚀 Rapid Expansion of MSMEs
- In 4.5 years since the adoption of the revised MSME definition and launch of the Udyam Registration Portal, over 5.83 crore enterprises have registered.
- 1.21 crore enterprises are engaged in manufacturing.
- MSME sector contributions:
- 2022-23: 30.1% to GDP & 36% to manufacturing output.
- 2023-24: 45% to total exports.
🏗️ Government’s Efforts for MSME Growth
- Industrial Growth Initiatives:
- PM Gati Shakti 🚆
- National Logistics Policy 📦
- Production Linked Incentive (PLI) Scheme 🏭
- Startup India 🚀
- Key MSME Development Schemes:
- PM Employment Generation Programme 👷♂️
- Credit Guarantee Scheme for Micro & Small Enterprises 💰
- MSME Cluster Development Programme 🏭
- Raising & Accelerating MSME Performance (RAMP) 📈
- SRI Fund 💸
- PM Vishwakarma Scheme 🛠️
- MSME CHAMPIONS Scheme 🏆
🔑 Government Measures to Strengthen MSMEs
✅ Udyam Assist Platform (launched Jan 2023) to bring Informal Micro Enterprises under the formal sector for priority sector lending.
✅ Non-tax benefits for 3 years after an MSME’s status upgrade to help in scaling up.
✅ Self-Reliant India Fund 💵: ₹50,000 crore equity infusion.
✅ Emergency Credit Line Guarantee Scheme (ECLGS) 💳: ₹5 lakh crore scheme saved 14.6 lakh MSMEs from becoming NPAs.
✅ CHAMPIONS Portal 📞: Redresses MSME grievances since June 2020.
✅ PM Vishwakarma Scheme 🏗️: Provides ID card, skill training, credit support, and digital transaction incentives.
✅ Entrepreneurship Skill Development Programme 🎓: Offers basic and advanced business training.
✅ Integration of Udyam Portal with:
- National Career Services (NCS) 💼
- e-Shram Portal 🏗️
- Skill India Digital Portal 🎓
✅ Technology Support: 18 Tool Rooms & Technical Institutions established for MSMEs to access advanced technologies.
These initiatives collectively aim to empower MSMEs, boost manufacturing, drive exports, and create a self-reliant business ecosystem in India. 🚀
