Aatmanirbhar Bharat Scheme

The Government has taken a number of initiatives under the Aatma Nirbhar Bharat Abhiyan scheme to mitigate the negative impact of Covid-19 on small businesses, including MSMEs, in the country. Some of them are:

1. Rs. 20,000 crore Subordinate Debt for stressed MSMEs.
2. Rs.3 lakh crores Emergency Credit Line Guarantee Scheme (ECLGS) for   Businesses,    including MSMEs (which has subsequently been increased to Rs. 5 lakh crore, as announced in Budget 2022-23).
3. Rs. 50,000 crore equity infusion through Self Reliant India Fund.
4. New revised criteria of classification of MSMEs.
5. New registration of MSMEs through ‘Udyam Registration’ for Ease of Doing Business.
6.   No global tenders for procurement up to Rs. 200 crores.

For more information also read – https://smeventure.com/importance-of-msmes-in-indian-economic-growth/

Promotion and development of MSMEs is a continuous process. The Government of India, interacts regularly with Stakeholders, Industry Associations, Individual Enterprises, State Government through Seminars, Video Conferencing, Meeting etc., to assess the problems and challenges faced by the MSMEs. The Ministry of MSME implements various schemes and programmes for the promotion and development of MSMEs across India including Maharashtra. These schemes and programmes inter alia include Prime Minister’s Employment Generation programme (PMEGP), Scheme of Fund for Regeneration of Traditional Industries (SFURTI),  Credit Guarantee Scheme for Micro and Small Enterprises, Micro and Small Enterprises – Cluster Development Programme (MSE-CDP), etc.

As informed by Directorate General of Trade Remedies (DGTR), Ministry of Commerce & Industry, they neither keep any record as to which major countries of the world play key role in dumping products of the small scale industries in the markets of other countries nor promote dumping of any kind of goods in any country.

Do watch – https://www.youtube.com/watch?v=Ij64GfXc3zg

The Ministry of MSME, in order to help the MSMEs to grow technologically and to enhance their competitiveness, has established new Technology Centres (TCs) and Extension Centres (ECs) across the country. These TCs/ECs provide various services like technology support, skilling, incubation and consultancy to MSMEs and skill seekers, leading to enhancement in employability of the skill seekers, competitiveness of MSMEs and creation of new MSMEs in the country.