Tech advancement, skill development & job creation for empowering MSME sector

New Delhi, Dec 27 (GCBusiness) To ensure that at least a contribution worth USD two trillion comes from the Micro, Small and Medium Enterprises sector for the envisioned GDP of USD five trillion economy by 2024, the ministry has taken many steps during the year for technology advancement, skill development and job creation.

Under Prime Minister’s Employment Generation Programme (PMEGP), 65,312 new micro enterprises have been set up and 5,22,496 Employment opportunities generated and a Margin money subsidy worth Rs 1929.83 crore has been utilised.

A total 3,59,361 youth were skilled through Technology Centres and other training Institutes of the Ministry.

As many as 62,085 registration of Micro and Small Enterprises (MSEs) were done on GeM, the ministry said.

For popularising khadi and empowering village industries, Khadi got separate unique HS code issued by the central government to categorise its products in export. In a long-awaited move to make export of Khadi, exclusively categorised from the general league of textile products, the ministry of commerce and industries has allocated separate HS code for this signature fabric of India.

This decision of government will open a new chapter in the field of Khadi export. Earlier, Khadi did not have its exclusive HS code. As a result, all the data regarding export of this signature fabric used to come as a normal fabric under the textile head. Now, the Ministry will be able to keep a constant eye on the export figures which will accordingly help in planning the export strategies.

Ministry of MSME is implementing Technology Centre Systems Programme (TCSP) at an estimated cost of Rs 2,200 crore, including World Bank Loan assistance of USD 200 million, to establish 15 new Tool Rooms and Technology Development Centres and upgrade the existing 18 TCs across the country. Four Technology Centres at Bhiwadi, Bhopal, Puddi and Tinsukia) are ready for commissioning.

More than 60 new Intellectual Property Rights (IP) Facilitation Centres were set up in different parts of the country to have one IP lawyer to assist MSMEs to apply for and register their trademarks and patents, FPOs to get support for applying for registration of Geographical Indications (GIs), reimbursement being given for registration of different IPRs to MSMEs. More and more awareness being created for IP rights amongst MSMEs.

Via UNI-India

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