Policy

Government to roll out National MSME Policy by Year-end

MSME Minister Kalraj Mishra said the ‘One Man Committee’ has been provided a formal office and it is expected that the Committee will be able to finalise all the recommendations by October 31, 2016
Government to roll out National MSME Policy by Year-end

The national policy for the medium, small and micro enterprises (MSME) sector will be in place by the year-end as ‘ One Man Committee’ or Prabhat Kumar Panel would only ready with recommendation only by October 31. Earlier the Ministry had given June 30 as deadline. The Panel missed that and the Policy has been delayed.

However, talking reporters, Mishra said, the the recommendations should be finalised by October 31, 2016.” The report had been delayed as the panel sought to include more stakeholder inputs as well as look at the policies of other countries, he added.

Highlighting his Ministry’s work after completing two years in office, Mishra said that the main change was to bring in transparency and accountability through large-scale digitisation.

“Almost every scheme has been put on the Web. Grievances are being monitored through the Web, and efforts are being made to bring even the MSME census online,” he said.

As regards the Prime Minister’s Employment Generation Programme, Mishra said along with khadi and coir, over 10 lakh jobs had been created in the past two years. In 2016-17, the target is to set up 55,200 enterprises, providing job opportunities to 4,41,600 youth, he added.

The Minister said that Khadi is being promoted by the Prime Minister and that resulted in a record production. Even Coir exports have surpassed a record of Rs.1900 crores during the year 2015-16 which was only around Rs.1400 crores during 2013-14. Another aspect of the working of the Ministry was to participate in ease of doing business in which Udyog Aadhaar Memorandum (UAM) was launched in September, 2015. The success of the same can be got from the fact that about 8 lakh registrations have already been done in the last 8 ½ months, while, registration during the 67 years of independence was only around 22 lakhs.

Mishra stated that another major achievement of the Ministry is to come up with a Scheme of Revival and Rehabilitation of MSMEs. The Scheme will start benefitting the MSMEs from 1st July, 2016 by which time the banks will set up various branch-wise Committees to take up the cases of revival of MSMEs. 

National Institute for Micro, Small and Medium Enterprises (NI-MSME), Hyderabad, also organized entrepreneurship and skill development training programmes as well as Job Melas resulting into wage and self-employment for more than 30,000 persons. The Institute also organized 34 international training programmes for professionals for 140 countries on various schemes.

It was also stated that the Ministry was in advance state for finalizing the modalities of National Hub for Scheduled Caste and Scheduled Tribes. The Minister also approved a special scheme for ensuring that every North-Eastern State including Sikkim has a Technology Centre. 

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