Make in India Policy to facilitate growth of MSME sector

Make in India Policy aims to facilitate investment foster innovation and enhance skill development in the country
Make in India Policy to facilitate growth of MSME sector

The Make in India Policy aims to facilitate investment, foster innovation, enhance skill development and build an eco-system for manufacturing infrastructure in the country. Ministry of Micro, Small and Medium Enterprises has been implementing a number of programmes and schemes in the areas of finance, technology, infrastructure, marketing and skill development to facilitate aims of the Make in India Policy.

The Ministry is proposing to rise to the challenge through action plans directed at enhancement of the provision of collateral free credit through creation of state verticals for extending guarantees to the entrepreneurs of particular state with financial support from state governments, creation of similar verticals for women entrepreneurs and youth among SC/ST and NE Regions. Augmentation of 18 existing Technology Centres (TCs) is to be supported by cluster network Managers and a National Portal. Efforts are on to bridge the gap between Research Institutions and Industries through signing of MOUs with IISc and CSIR.

Defence offset policy is being leveraged for creating ecosystem of defence manufacturing by MSMEs. A comprehensive skill mapping is also proposed as a first step towards alleviating the existing skill deficit.

The funds are allocated to the Schemes as a whole, and it is difficult to delineate the amount earmarked for the ‘Make in India’ component. Moreover, all the Schemes of the Ministry are Central Sector Schemes and specific data on allocation to States/UTs are not maintained.

The Ministry of MSME has been receiving numerous comments and suggestions at various fora, but none of the comments and suggestions related to ‘Make in India’ has taken the shape of any concrete proposal.

Previous article Union Budget disappoints medical fraternity
Next article Growing employment opportunities in agriculture

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

Write a Reply or Comment

Your email address will not be published. Required fields are marked *



- Advertisement -
The Changing Face of Rural India