THE MINISTRY OF MICRO SMALL AND MEDIUM ENTERPRISES A BRANCH OF GOVERNMENT OF INDIA STAR OPEN BODY FOR THE FORMULATION AND ADMINISTRATION OF RULES REGULATIONS AND LAW RELATING TO MICRO SMALL AND MEDIUM ENTERPRISE MSM COLLECTIVELY YIELD ABOUT 45% OF THE OVERALL SHARE OF THE MANUFACTURING SECTOR AND CONTRIBUTE 2 % TO THE NATIONS EXPORT. THEY ARE ALSO RESPONSIBLE FOR 69 % CONTRIBUTION TO EMPLOYMENT SECTOR OF THE COUNTRY. INDIAN MSMES ARE BENEFITED BY AN ARRAY OF SCHEME LINKED WITH THEIR UDYOG AADHAAR MEMORANDUM 12 DIGIT AADHAAR NUMBER FOR BUSINESS ENTERPRISE. IT PROVIDES THEM EASIER ACCESS TO THE 5545 AND SUBSIDIES DEPENDING ON THE MARKET VERTICAL. MOREOVER EDITION GRANTS AND CONCESSIONS TO BUSINESS THAT MANUFACTURE GOODS WITH EXPORT LABEL QUALITY UNDER ITS ZERO DEFECT ZERO EFFECT SCHEME . INDIA ALSO PROMOTES INNOVATION WITHIN THE SEGMENT THROUGH ITS OWN INCUBATION IS CAME THAT FINANCES 75 TO 80% OF THE PROJECT COST THAT IMPLEMENTS NEW DESIGN IDEAS OR PRODUCTS. SUPPORT INFRASTRUCTURE ALSO WITHIN ITS AMBIT EXTENDS MUDRA LOANS RANGING FROM 50002 RUPEES 10 LAKH TO NON FARM NON CORPORATE SMALL BUSINESS ENTITIES THROUGH INTERMEDIARIES SUCH AS BANK MFI AND MFCS. MSBC AND BANKING INSTITUTIONS HAVE TIME UP WITH FINTECH PASTE PLATFORMS PROVIDING GREATER AGILITY IN SENDING PROCESS. INSTANT LOAN APPROVALS WHILE ELIMINATING EXHAUSTIVE PAPERWORK AND BEST AVAILABLE INTEREST RATE.
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SME SCHEMES
SCHEME PROVIDES FINANCIAL ASSISTANCE ON INTERNATIONAL COOPERATION. ITT COVERS DEPUTATION OF MSN STATION TO OTHER COUNTRIES FOR EXPLORING NEW AREAS OF TECHNOLOGY UPGRADATION FACILITATING JOINT VENTURES MARKET IMPROVEMENT OF MSM IS PRODUCTS FOREIGN COLLABORATIONS ETC. IT ALSO LATEST PARTICIPATION BY INDIAN MSM IS IN INTERNATIONAL EXHIBITIONS TRADE FAIRS AND BUYERS SELLERS MEETS IN FOREIGN COUNTRIES AS WELL AS IN INDIA IN WHICH THERE IS INTERNATIONAL PARTICIPATION. IT ALSO HOLDS INTERNATIONAL CONFERENCES AND SEMINARS ON TOPICS AND THEMES OF INTEREST TO MSME. PROVIDE FINANCIAL ASSISTANCE OF UP TO 95% OFF AIR FARES AND SPACE RENT INCLUDING COMMON EXPENSES OF DELEGATION LIKE FLIGHT AND INSURANCE LOCAL TRANSPORT COMMUNICATION SERVICES PRINTING OF COMMON CATALOGUE ETC.
SCHEME FOR PROVIDING ESTABLISHMENTS OF NEW INSTITUTIONS (EDI)
STRENGTHING THE INFRASTRUCTURE FOR EDIS UNDER ATI SCHEME THAT IS ASSISTANCE TO TRAINING INSTITUTIONS IN SCHEME. IT PROVIDES TRAINING INSTITUTIONS IN THE FORM OF CAPITAL GRANT FOR CREATING AND STRENGTHENING OF INFRASTRUCTURE AND PROGRAM SUPPORT FOR CONDUCTING ENTREPRENEURSHIP DEVELOPMENT AND SKILL DEVELOPMENT MAXIMUM IS 150 LACS ON MATCHING BASIS NOT EXCEEDING 50% OF PROJECT COST.
- MARKETING SUPPORT UNDER MARKETING ASSISTANCE SCHEME. ASSISTANCE IS PROVIDED THROUGH ACTIVITIES ORGANISER EXHIBITION ABROAD AND PARTICIPATION IN INTERNATIONAL EXHIBITION OR TRADE FAIRS IT ALSO CO-SPONSOR EXHIBITION ORGANISED BY INDUSTRY OR AGENCIES ALONG WITH BUYERS SELLERS MEET, INTENSIVE CAMPAIGNS AND PROMOTION EVENTS.
UNDER THE DEVELOPMENT COMMISSIONER (DC MSME)
- CREDIT GUARANTEE SCHEME- MINISTRY OF MSME, GOI, SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA (SIDBI) ESTABLISHED TRUST NAMED CREDIT GUARANTEE FUND TRUST FOR MICRPO AND SMALL ENTERPRISES (CGIMSE) TO IMPLEMENT CREDIT GUARANTEE FUND SCHEME. IT ASSISTANCE IS LIMITED TO COLLATERAL FREE LOANS UPTO LIMIT OF RUPEES 50 LACS FOR INDIVIDUAL MSMES.
- CREDIT LINKED CAPITAL SUBSIDY SCHEME FOR TECHNOLOGY UPGRADATIONIN VARYING MOSAIC OF TECHNOLOGY OBTAINING IN MORE THAN 7500 PRODUCTS IN INDIA SMALL SCALE INDUSTRY TECHNOLOGY UPGRADATION WOULD MEAN A SIGNIFICANT STEP UP FROM THE PRESENT TECHNOLOGY LEVEL INITIALLY HIGHER ONE WITH IMPROVE PRODUCTIVITY QUALITY OF PRODUCTS AND ENVIRONMENTAL CONDITIONS.B REPLACEMENT OF EXISTING EQUIPMENT WITH SAME WILL NOT QUALIFY FOR SUBSIDY IT AIMS AT VACILLATING 15% UPFRONT CAPITAL SUBSIDY TO SSI WITH INCLUDING TINY KHADI VILLAGE AND COIR-INDUSTRIAL-UNITS. ON REVISION CEILING ON LOANS UNDER SCHEME HAS BEEN RAISED TO 1 CRORE FROM 40 LACS RATE OF SUBSIDY FROM 12% TO 15%.
ISO 9000/ISO 14009 CERTIFICATION REIMBURSEMENT SCHEME-
SCHEME PROVIDES INCENTIVE TO THOSE SMALL SCALE/ AUXILIARY UNDERTAKING WHO HAVE ACQUIRED ISO 9000/ ISO 14001 CERTIFICATION. SCHEME ENVISAGES REIMBURSEMENT CHARGES TO THE EXTENT OF 75% OF EXPENDITURE SUBJECT TO MAXIMUM OF RUPEES 75000 IN EACH CASES.
MSE CLUSTER DEVELOPMENT PROGRAMME (MSE CDP)
SCHEME APPROACH AS A KEY STRATEGY FOR ENTERTAINING PRODUCTIVITY COMPETITIVENESS AS WELL AS CAPACITY BUILDING. CLUSTERING OF UNITS ALSO ENABLES PROVIDER OF VARIOUS SERVICES TO THEM INCLUDING BANKS AND CREDIT AGENCIES TO PROVIDE THEIR SERVICES MORE ECONOMICALLY. IT ASSISTS THROUGH DIAGNOSTIC STUDIES SOFT GGFFFGG SETTING UP OF COMMON FACILITY CENTRES (CFCS). INFRASTRUCTURE DEVELOPMENT. THE CONTRIBUTIONS ARE FOLLOWED AS FOR DIAGNOSTIC STUDY MATHS COST OF RUPEES 2.50 LACS FOR SOFT INTERVENTIONS RUPEES 25 LAKH WITH GOI CONTRIBUTION OF 75% FOR SETTING UP RUPEES 15 CRORE WITH 70% OF CONTRIBUTION FROM GOI.
- MICROFINANCE PROGRAM SCHEME IS LAUNCHED BY WAY OF CONTRIBUTING TOWARDS SECURITY DEPOSITS REQUIRED FROM THE MFIS/NGO TO GET LOAN FROM SIDBI. THIS IS BEING OPERATED IN RESERVED STATE AND DESERVES POCKETS/ DISTRICT OF OTHER STATES. IT ASSISTS BY GOVERNMENT PROVIDING FOOD CALLED PORTFOLIO RISK FUND (PRF). THE SIDBI TEXT FIXED DEPOSITS EQUAL TO 10 % OF LOAN AMOUNT WITH SHARING OF MGI NGO IS 2.5% LOAN AMOUNT AND BALANCE 7.5% IS ADJUSTED FROM GOVERNMENT FUNDS.
- MARKET DEVELOPMENT ASSISTANCE(MDA)
MDA IS OFFERED THROUGH PARTICIPATION IN THE INTERNATIONAL EXHIBITION/FAIRS FINANCIAL ASSISTANCE FOR USING GLOBAL STANDARDS(GSI) IN BAAR COATING AND PRICE AND PURCHASE PREFERENCE POLICY THROUGH SINGLE POINT REGISTRATION SCHEME OF NSIC. UNDER THESE 358 ITEMS ARE RESERVED FOR EXCLUSIVE PURCHASE FROM MSME BY CG. OTHER FACILITIES INCLUDE TENDER DOCUMENT FREE OF COST EXEMPTION FROM EARNEST MONEY AND SECURITY DEPOSIT INCLUDING 15 % OF A PRICE PRESENCE. - NATIONAL AWARDS (FOR INDIVIDUALMSMES)
IN QUIET ENTERPRENEURIAL EFFORT VARIANTS SO PRODUCED ARE HAVING ADDITIONAL ATTRIBUTES THEN THEIR ORIGINAL VERSION AND ARE CAPABLE OF SOLVING A MULTIPLE OF USER PROBLEM. THIS ALL HAS BECOME POSSIBLE OWING TO AMBITIOUS AND VISIONARY SPRIT. WITH A VIEW TO RECOGNISE EFFORTS AND CONTRIBUTION OF MSMES NATIONAL AWARD ANNUALLY TO SELECTED ON SUBPOENAS AND ENTERPRISES UNDER THIS SCHEME - NATIONAL MANUFACTURING COMPETITIVENESS PROGRAM (NMCP)
THE NMC COUNCIL HAS FINALIZED OF FIVE YEAR NATIONAL MANUFACTURING PROGRAM. TEN SCHEMES HAS BEEN THROWN UP INCLUDING SCHEME FOR PROMOTIONS OFICI MINI TOOL ROOM, DESIGN CLINICS AND MARKETING SUPPORT FOR SMES. IMPLEMENTATION WILL BE INPPP BEING FINANCING TIED UP. FOLLOWING SCHEMES IMPLEMENTED WITH AND IT’S ORBIT OR MARKETING ASSISTANCE DEVELOPMENT THROUGH INCUBATORS COMPETITIVE THROUGH QUALITY MANAGEMENT STANDARD AND QUALITY TECH TOOLS AWARENESS BUILDING ON INTELLECTUAL PROPERTY RIGHTS CASE STUDY OF DESIGN PROJECTS UNDER DESIGN CLINIC SCHEME TECHNOLOGY UPGRADATION AND PROMOTION OF INDIA MANUFACTURING SECTOR.
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SUMMMARY
THE MSMES ARE SMALL SIZED ENTITIES DEFINED IN TERMS FOR THEIR SIZE OF INVESTMENT AS IN FOR MICRO BELOW 25 LAKH FOR A SMALL 25 LACS TO 5 CRORE AND MEDIUM FROM 5 CRORE TO 10 CRORE. THERE HAS BEEN SIGNIFICANT OUTPUT EMPLOYMENT CONTRIBUTION TO EXPORT ETC IN ROLE OF ECONOMY.