25 Feb 2014

Blueprint for Development of MSME Sector

Micro, Small and Medium Enterprises Development (MSMED)
The Ministry of MSME came into existence in its present form following the enactment of the Micro, Small and Medium Enterprises Development (MSMED), Act 2006, which, was one of the first blueprints of the Government to develop the MSME sector.

The implementation of the National Manufacturing Competitiveness Programme (NMCP), with its ten components, which commenced in 2006, was a blueprint for increasing competitiveness in the MSME sector.

The report of the Prime Minister’s Task Force on MSMEs in 2010, drafted by Ministry of MSME focussed on several areas to remove bottle necks for MSMEs. It addressed (a) credit (b) marketing (c) labour (d) rehabilitation and exit policy (e) infrastructure – technology – skill development and (f) taxation. This is the blueprint for development of MSMEs.

The Public Procurement Policy, notified in 2012 is a blueprint for providing marketing support to micro and small enterprises (MSEs) by making it obligatory on Central Ministries / Departments / Central Public Sector Undertakings to procure minimum 20% of their annual requirements from MSEs.

In 2013, the Ministry has submitted a report on the recommendations of the Inter Ministerial Committee (IMC) on accelerating manufacturing in the MSME sector.

The inputs from the above reports and reports made by other Ministries together with the programme of plan outlays presently being implemented by the Ministry of MSME constitute the main blueprint for fostering development of the MSME sector.

This information was given by the Minister of State (Independent Charge) for Micro, Small and Medium Enterprises, Shri K. H. Muniyappa in a written reply to a question in the Rajya Sabha today. 

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