Digital India initiative, the Ministry of MSME has taken numerous initiatives to digitally enable the entire MSME ecosystem—all MSME offices have been digitally empowered,
Empowering MSMEs through financing and linkagesMisbah Hussain
This reports aims to help the MSME sector, especially in
east and north-eastern parts of the country, better
understand the challenges and devise strategies accordinglyto deal with the odds.
Review of Steps Taken by Government for MSME's in Digital Indiaijtsrd
The MSME sector is also known as growth engine of Indian economy, this sector is playing a major role in country' GDP by its contribution in service sector as well as in manufacturing sector, in many research studies, it has been identified that MSME sector is not getting government support in the manner it has to be. In this era of digitalization, the need of hour is "digital platforms" to ease out the process and easy access of information, so that Micro Small and Medium scale enterprises benefitted by it. This research paper has focused on the new digital initiatives taken by government of India to scale up MSME', and how these initiatives can benefit the Indian MSME sector. Dr. Parul Sharda"Review of Steps Taken by Government for MSME' in Digital India" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-2 | Issue-5 , August 2018, URL: http://www.ijtsrd.com/papers/ijtsrd16988.pdf http://www.ijtsrd.com/management/general-management/16988/review-of-steps-taken-by-government-for-msme's-in-digital-india/dr-parul-sharda
Micro, Small and Medium Enterprises, Key Government Schemes and Initiatives to support MSMEs, Current Financing Landscape for MSMEs, Issues and Challenges for MSMEs
Empowering MSMEs through financing and linkagesMisbah Hussain
This reports aims to help the MSME sector, especially in
east and north-eastern parts of the country, better
understand the challenges and devise strategies accordinglyto deal with the odds.
Review of Steps Taken by Government for MSME's in Digital Indiaijtsrd
The MSME sector is also known as growth engine of Indian economy, this sector is playing a major role in country' GDP by its contribution in service sector as well as in manufacturing sector, in many research studies, it has been identified that MSME sector is not getting government support in the manner it has to be. In this era of digitalization, the need of hour is "digital platforms" to ease out the process and easy access of information, so that Micro Small and Medium scale enterprises benefitted by it. This research paper has focused on the new digital initiatives taken by government of India to scale up MSME', and how these initiatives can benefit the Indian MSME sector. Dr. Parul Sharda"Review of Steps Taken by Government for MSME' in Digital India" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-2 | Issue-5 , August 2018, URL: http://www.ijtsrd.com/papers/ijtsrd16988.pdf http://www.ijtsrd.com/management/general-management/16988/review-of-steps-taken-by-government-for-msme's-in-digital-india/dr-parul-sharda
Micro, Small and Medium Enterprises, Key Government Schemes and Initiatives to support MSMEs, Current Financing Landscape for MSMEs, Issues and Challenges for MSMEs
Introduction to MSMEs in India, Key Government Policies and Support for MSMEs, Ease of Doing Business : The India Story, Financing Sources for MSMEs, MSME Issues and Challenges and Role of Information Technology and Innovation
Growth and Future Prospects of MSME in IndiaIJAEMSJORNAL
In recent years, the significance of MSME has been recognized in the world’s countries for its major contribution in various socio-economic objectives such as higher economic growth and employment, output, nurturing entrepreneurship and encouragement and support for exports. MSME play a vital role in the industrial development of any country. The MSME sector is a backbone of Indian economy for its contribution to growth of Indian economy. This sector is very much important for moves towards a faster and inclusive growth of country. The MSME sector can help for achieving the target of Nation Manufacturing Policy that manufacturing should contribute 25% in India’s GDP by 2022. For that purpose, the government of India has taken a good initiative of “Make in India”. This paper is to focus on performance of MSME & growth and opportunities. It is concluded that this sector significantly contributes in employment, exports and manufacturing output.
Impact of Globalization on MSME Prospects, Challenges and Policy Implementati...ijtsrd
Globalisation is bound to impact every economic activity -the small scale sector is no exception. Along with that World Trade Organisation W.T.O agreements and negotiations have thrown up a variety of challenges. The disturbing factor is that most of the small units are unaware of these agreements and negotiations and have no idea as to how they are going to affect them. With a view to build the capacity of the Indian micro, small and medium manufacturing enterprises for overcoming competition in the global markets and facing challenges being posed by the entry of the multi nationals in the domestic markets Government of India GoI has taken various policy measures. The current paper focuses on the contribution of MSMEs, prospects and problems for MSMEs in this highly competitive global era. Micro, Small and Medium Enterprises MSME sector has emerged as a highly vibrant and dynamic sector of the Indian economy over the last five decades. MSMEs not only play crucial role in providing large employment opportunities at comparatively lower capital cost than large industries but also help in industrialization of rural and backward areas, thereby, reducing regional imbalances, assuring more equitable distribution of national income and wealth, the process of globalization is an inevitable phenomenon in human history which has been bringing the world closer since the time of early trader and exploration through the exchange of goods, products, information, jobs, knowledge and culture. S. Chandra Sekhar | N. Radha "Impact of Globalization on MSME: Prospects, Challenges and Policy Implementation on Economic Growth" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-3 | Issue-6 , October 2019, URL: https://www.ijtsrd.com/papers/ijtsrd29168.pdf Paper URL: https://www.ijtsrd.com/management/business-administration/29168/impact-of-globalization-on-msme-prospects-challenges-and-policy-implementation-on-economic-growth/s-chandra-sekhar
The November issue of #PolicyWatch focuses on the overall state of #MSME development in the country, opportunities for MSMEs in some critical sectors, some of the latest MSME initiatives by the Government demonstrating its commitment towards the melioration of business environment for MSMEs and significant policy recommendations in various areas that will assist in putting Indian MSMEs on a high growth trajectory.
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The MSME sector contributes in a significant way to the growth of the Indian economy across the realms of production system, employment generation, national output, exports etc. The MSME Sector comprises of approximately 48 million units that produce more than 6,000 products ranging from traditional to high-tech items. The sector is driving sustainable growth in Indian economy by providing employment to around 111 million people, accounts for 45% of the manufacturing output, 40% of the country's exports and contributes 8-9% to the country's GDP.
The Indian economy has emerged as a beacon of hope in the current scenario characterized by a sluggish global economic performance. Owing to improved monetary and fiscal policies, the Indian economy has registered the highest growth amongst the G20 countries. With recent reforms by the Indian Government, especially in enhancing ease of doing business, opening the economy to foreign investors & international trade and increasing transparency in the financial system, India is well poised to become a key player in the global economy.
MSMEs are the very fuel that drive the growth of the Indian economy. Their small size, low capital requirement, use of indigenous technology & local resources and suitability for rural areas, makes it a strong case for the promotion of MSMEs. The need of the hour is to heed the crucial hurdles that are thwarting the growth of these enterprises and prepare them, through timely policy interventions and structural changes, towards enhancing their share in the global market.
This issue of the Policy Watch focuses especially on MSMEs, recent policy developments pertaining to the sector, opportunities and growth prospects for SMEs and significant policy recommendations in various areas that will assist in putting Indian MSMEs on a high growth trajectory.
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Do you struggle to understand India's MSME sector? Our complete MSME 2024 insights bundle helps you comprehend India's MSME ecosystem and make smart business decisions. BTHAWK Compliance Services
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In recent years, the significance of MSME has been recognized in the world’s countries for its major contribution in various socio-economic objectives such as higher economic growth and employment, output, nurturing entrepreneurship and encouragement and support for exports. MSME play a vital role in the industrial development of any country. The MSME sector is a backbone of Indian economy for its contribution to growth of Indian economy. This sector is very much important for moves towards a faster and inclusive growth of country. The MSME sector can help for achieving the target of Nation Manufacturing Policy that manufacturing should contribute 25% in India’s GDP by 2022. For that purpose, the government of India has taken a good initiative of “Make in India”. This paper is to focus on performance of MSME & growth and opportunities. It is concluded that this sector significantly contributes in employment, exports and manufacturing output.
Impact of Globalization on MSME Prospects, Challenges and Policy Implementati...ijtsrd
Globalisation is bound to impact every economic activity -the small scale sector is no exception. Along with that World Trade Organisation W.T.O agreements and negotiations have thrown up a variety of challenges. The disturbing factor is that most of the small units are unaware of these agreements and negotiations and have no idea as to how they are going to affect them. With a view to build the capacity of the Indian micro, small and medium manufacturing enterprises for overcoming competition in the global markets and facing challenges being posed by the entry of the multi nationals in the domestic markets Government of India GoI has taken various policy measures. The current paper focuses on the contribution of MSMEs, prospects and problems for MSMEs in this highly competitive global era. Micro, Small and Medium Enterprises MSME sector has emerged as a highly vibrant and dynamic sector of the Indian economy over the last five decades. MSMEs not only play crucial role in providing large employment opportunities at comparatively lower capital cost than large industries but also help in industrialization of rural and backward areas, thereby, reducing regional imbalances, assuring more equitable distribution of national income and wealth, the process of globalization is an inevitable phenomenon in human history which has been bringing the world closer since the time of early trader and exploration through the exchange of goods, products, information, jobs, knowledge and culture. S. Chandra Sekhar | N. Radha "Impact of Globalization on MSME: Prospects, Challenges and Policy Implementation on Economic Growth" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-3 | Issue-6 , October 2019, URL: https://www.ijtsrd.com/papers/ijtsrd29168.pdf Paper URL: https://www.ijtsrd.com/management/business-administration/29168/impact-of-globalization-on-msme-prospects-challenges-and-policy-implementation-on-economic-growth/s-chandra-sekhar
The November issue of #PolicyWatch focuses on the overall state of #MSME development in the country, opportunities for MSMEs in some critical sectors, some of the latest MSME initiatives by the Government demonstrating its commitment towards the melioration of business environment for MSMEs and significant policy recommendations in various areas that will assist in putting Indian MSMEs on a high growth trajectory.
MSME Sector - Growth, Challenges & Opportunities Resurgent India
The MSME sector contributes in a significant way to the growth of the Indian economy across the realms of production system, employment generation, national output, exports etc. The MSME Sector comprises of approximately 48 million units that produce more than 6,000 products ranging from traditional to high-tech items. The sector is driving sustainable growth in Indian economy by providing employment to around 111 million people, accounts for 45% of the manufacturing output, 40% of the country's exports and contributes 8-9% to the country's GDP.
The Indian economy has emerged as a beacon of hope in the current scenario characterized by a sluggish global economic performance. Owing to improved monetary and fiscal policies, the Indian economy has registered the highest growth amongst the G20 countries. With recent reforms by the Indian Government, especially in enhancing ease of doing business, opening the economy to foreign investors & international trade and increasing transparency in the financial system, India is well poised to become a key player in the global economy.
MSMEs are the very fuel that drive the growth of the Indian economy. Their small size, low capital requirement, use of indigenous technology & local resources and suitability for rural areas, makes it a strong case for the promotion of MSMEs. The need of the hour is to heed the crucial hurdles that are thwarting the growth of these enterprises and prepare them, through timely policy interventions and structural changes, towards enhancing their share in the global market.
This issue of the Policy Watch focuses especially on MSMEs, recent policy developments pertaining to the sector, opportunities and growth prospects for SMEs and significant policy recommendations in various areas that will assist in putting Indian MSMEs on a high growth trajectory.
An Investigation into the Financial Performance of Micro, Small and Medium En...Dr. Amarjeet Singh
Micro, small and medium enterprises (MSMEs) are an indispensable part of the Indian economy. In terms of Gross Value Added (GVA) and Gross Domestic Product (GDP), MSMEs accounted for about 33% and 31% of India's GVA and GDP, respectively, in the year 2019-20. Unlike large enterprises that are concentrated in the metros, MSMEs are spread across smaller and larger rural as well as urban centres of India. They are also the biggest source of employment, especially in rural India, and contribute to the rural development and industrialisation. MSMEs also act as a great social bridge as smaller enterprises are owned by socially backward classes and women than are larger enterprises. For these reasons and more, the India government has always promoted the growth and development of MSMEs through policy initiatives, technology up gradation, and via other means. Consequently, MSMEs have also grown in multi-folds in the past decades in terms of the number of enterprises in operation and the collective revenue of the sector. Several challenges affect the growth of MSMEs, however. One of these is the limited academic studies into the financial performance of MSMEs, probably due to the unavailability of adequate data. The present research attempts to fill this gap by conducting a financial performance evaluation of 51 sample MSMEs based in the district of Nanded, Maharashtra. The research utilizes Data Envelopment Analysis (DEA) to compare the financial performance of sample MSMEs selectively using the suitable variables identified by Arasu et al. (2021). Findings suggest sharp differences in the financial performance of sample units. Inefficient units are suggested to improve their return on asset, return on capital employed, and net profit margin.
Do you struggle to understand India's MSME sector? Our complete MSME 2024 insights bundle helps you comprehend India's MSME ecosystem and make smart business decisions. BTHAWK Compliance Services
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International Journal of Business and Management Invention (IJBMI) is an international journal intended for professionals and researchers in all fields of Business and Management. IJBMI publishes research articles and reviews within the whole field Business and Management, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
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2. 2
Table of Contents
Executive Summary 3
Advantage India 4
MSME Overview 6
Recent policies and Major Schemes 11
Recent Developments 21
Key Industry Contacts 24
Appendix 26
3. 3
Notes: F - Forecast; CY - Calendar Year, E - Estimate, F – forecast’
Source: FICCI-EY Re-imagining India's M&E sector
Registered MSMEs in India (2021, in lakh units)
Executive summary
MSMEs are being encouraged to market their products on the e-commerce site,
especially through Government e-Marketplace (GeM), owned and run by the
government, wherefrom Ministries and PSUs (public sector undertakings) source their
procurement. The platform has recorded digital transactions worth Rs. 18,284.67 crore
(US$ 2.53 billion) until December 2020.
Aero India 2021 resulted in orders worth Rs. 203 crore (US$ 27.76 million) for 45
MSMEs that participated in the event.
As per the MSME Ministry data, as of May 16, 2021, the Udyam Registration portal
registered 30,00,822 MSMEs, which replaced the former process of filing for Udyog
Aadhaar Memorandum (UAM). Registered micro-enterprises stood at ~ 28 lakh (93%),
followed by small enterprises at 1.78 lakh (6%) and midsized enterprises at 24,657
(1%).
No. of MSMEs
6.3 Crore
MSME
Contribution
towards the GDP
through national
and international
trade
~29%
No. of MSMEs
under Udyog
Aadhaar
Memorandum
1.02 crore
No. of Registered
MSMEs on
Udyam
Registration
Portal
3 million
Registered micro-
enterprises
~ 2.8 million
Registered small
enterprises
~ 178 thousand
Registered
midsized
enterprises
24,657
Micro-
enterprise,
28, 93%
Small
enterprise,
1.8, 6%
Medium
enterprise,
0.2, 1%
5. 5
Advantage India
4. GOVERNMENT SCHEMES
In Union Budget 2021,
the government
announced funds worth
Rs. 10,000 crore (US$
1.36 billion) for
‘Guarantee Emergency
Credit Line’ (GECL)
facility to eligible MSME
borrowers, giving a major
boost to the sector.
1. SECTOR OVERVIEW
• The number of
MSMEs increased
by a CAGR of
18.5% from 2019 to
2020.
• To boost the equity
culture among
SMEs (small and
medium
enterprises), the
BSE SME exchange
is actively initiating
steps to collaborate
with state
governments and
other professional
networks to
organise webinars.
3. POLICY SUPPORT
Budget allocation for MSMEs in FY22 more
than doubled to Rs. 15,700 crore (US$ 2.14
billion) vis-à-vis Rs. 7,572 crore (US$ 1.03
billion) in FY21.
The government also announced Rs. 3 lakh
crore (US$ 40.85 billion) collateral-free
automatic loans for businesses.
2. STATUTORY BODIES
The MSME Ministry heads five statutory
bodies—KVIC, Coir Board, NSIC, NI-MSME
and the MGIRI.
These bodies are responsible for aiding
MSMEs with respect to government schemes
and policies.
1
2 3
4
ADVANTAGE INDIA
Source: MSME Annual Report (2018-2019), News Sources
7. 7
India has approximately 6.3 crore MSMEs. The number of registered MSMEs stood at 30 lakh units as of May 2021.
States of Maharashtra, Tamil Nadu, Bihar, Uttar Pradesh and Madhya Pradesh are the top five states which collectively accounts for 60% of the
total registered MSMEs in India in 2020.
The BSE SME (small and medium enterprises) platform is expected to witness >60 SMEs to enter the market in one year (2021-22) to bring up
equity funds for meeting their business requirements. The initial public offering (IPO) route witnessed 16 SMEs enter the market; they raised Rs.
100 crore (US$ 13.74 million) in 2020.
New online system of MSME/Udyam Registration launched by the Union MSME Ministry, w.e.f. July 01, 2020, successfully registered >1.1 million
MSMEs until November 2020.
Registered MSMEs in India (2021, in lakh units)
Source: News Sources
Number of MSMES expected to grow; micro enterprise
dominates the sector
Micro-
enterprise,
28, 93%
Small
enterprise,
1.8, 6%
Medium
enterprise,
0.2, 1%
8. 8
Criteria for MSME (micro small medium enterprise)
Small Enterprise
• Enterprises with turnover of Rs. 50
crore (US$ 6.8 million) or less are
categorised as small enterprises.
• A manufacturing enterprise is
categorised as a small enterprise
when investment in plant and
machinery is more than Rs. 25 lakh
(US$ 0.03 million), but less than Rs.
5 crore (US$ 0.6 million), while a
service enterprise is categorised as
small enterprise when investments
in equipment is more than Rs. 10
lakh (US$ 0.01 million) but do not
exceed Rs. 2 crore (US$ 0.3
million)
Medium Enterprise
• Enterprises with less than Rs. 250
crore (US$ 34 million) turnover are
categorised as medium enterprises.
• A manufacturing enterprise is
categorised as a medium enterprise
when investment in plant and
machinery is more than Rs. 5 crore
(US$ 0.6 million), but less than Rs.
10 crore (US$ 1.4 million), while a
service enterprise is categorised as
a medium enterprise when
investments in equipment is more
than Rs. 2 crore (US$ 0.3 million)
but do not exceed Rs. 5 crore (US$
0.6 million).
Micro Enterprise
• Enterprises with turnover of Rs. 5 crore
(US$ 0.6 million) or less are categorised
as micro enterprises.
• A manufacturing enterprise is categorised
as a micro enterprise when investment in
plant and machinery do not exceed Rs. 25
lakh (US$ 0.03 million), while a service
enterprise is categorised as micro
enterprise when the investments in
equipment do not exceed Rs. 10 lakh
(US$ 0.01 million).
Source: Development Commissioner Ministry of Micro Small and Medium Enterprises (DCMSME) Website, News sources
9. 9
Source: MSME website
Statutory bodies under MSME ministry
1
2
Khadi and Village Industries Commission (KVIC)
Khadi and Village Industries Commission (KVIC) is a statutory organisation engaged in promoting
and developing khadi and village industries for providing employment opportunities in rural areas,
thereby strengthening the rural economy.
Coir Board
The Coir Board is a statutory body established for promoting overall development of the coir
industry and improving living conditions of workers in this industry.
3
4
National Small Industries Corporation Limited (NSIC)
Established in 1955, the National Small Industries Corporation Limited (NSIC) is responsible for
promoting, aiding and fostering growth of micro and small enterprises in the country, generally
on commercial basis.
National Institute for Micro, Small and Medium Enterprises, (NI-MSME)
Established in 1960, the National Institute for Micro, Small and Medium Enterprises (NI-MSME) is
responsible for enterprise promotion and entrepreneurship development, enabling enterprise
creation, performing diagnostic development studies for policy formulation, etc.
5
Mahatma Gandhi Institute for Rural Industrialisation (MGIRI)
The objectives of the Mahatma Gandhi Institute for Rural Industrialisation (MGIRI) are to accelerate
rural industrialisation for sustainable village economy, empower traditional artisans, encourage
innovation through pilot study and R&D for alternative technology using local resources.
10. 10
Ministry of State
(Independent Charge)
Secretary (MSME)
AS&FA AS&DC (MSME) JS (ARI) JS (SME)
EA (IFW)
Integrated
Finance Wing
JS (TC)
DATC Wing
(DBT, Digital
Payment, IT Cell
Tool Room
Division
O/o DC (MSME)
& MSME-DIs
SME Division
(NSIC, NIMSME)
ARI Division
(KVIC, Coir
Board, MGIRI)
Source: Development Commissioner Ministry of Micro Small and Medium Enterprises (DCMSME) Website
Organisation setup of MSME ministry
DDG (DATC)
12. 12
Recent policy initiatives for MSME (1/3)
1
UDYOG AADHAAR MEMORANDUM
Udyog Aadhaar Memorandum (UAM) is a one-page online registration system for MSMEs based on self-certification.
The information sought is on a self-certification basis and no supporting documents are required at the time of online filing of UAM.
As per the Union Budget 2021-22, India has ~6.8 million Udyog Aadhar registered MSMEs
2
MSME DATABANK
MSME DataBank enables the Ministry of MSME to streamline and monitor the schemes and pass on the benefits directly to
MSMEs.
It is helpful for MSME units that can update their enterprise information as and when required without visiting any government office
and updating information about their products/services.
Until May 2019, more than 6.1 lakh MSMEs registered in the databank.
3
MY MSME
In order to facilitate the enterprises to enjoy benefits of various schemes, the MSME office launched a web-based application
module in the form of a mobile app called My MSME.
This allows enterprises to make their applications and check for schemes on their mobile phone using the app.
4
TECHNOLOGY CENTRE SYSTEMS PROGRAMME (TCSP)
• In March 2021, the Ministry of MSME, through the Development Commissioner (DC-MSME), implemented the Technology Centre
Systems Programme (TCSP) to establish 15 new technology centres (TC).
• The centres provide assistance to the industry, predominantly MSMEs in the General Engineering, Automotive, Fragrance & Flavour and
ESDM sectors
Source: MSME Annual Report (2018-2019), News Articles
13. 13
Recent policy initiatives for MSME (2/3)
5
MSME SAMPARK
Launched in 2018, the MSMR Sampark portal is a digital platform wherein jobseekers (students or trainees of MSME Technology
Centres) and recruiters can register themselves for mutually beneficial interactions.
6
DIRECT BENEFIT TRANSFER IN THE M/O MSME
The welfare and subsidy schemes of the Government of India (GOI) have been brought under a single platform, i.e., the Direct
Benefit Transfer (DBT), to reform the delivery system, ensure faster flow of funds, target beneficiaries, avoid duplication and reduce
frauds.
In 2019, 20 MSME schemes have been listed on the DBT Bharat Portal.
Under DBT , the schemes have been categorised on the basis of benefit type to the beneficiary, i.e., Cash or Composite (cash and
kind).
7
DIGITAL PAYMENTS
As part of the Digital India initiative, the Ministry of MSME has taken numerous initiatives to digitally enable the entire MSME
ecosystem—all MSME offices have been digitally empowered, efforts have been taken to spread awareness on the benefits of
digital mode of payments such as BHIM, UPI and Bharat QR code.
As of December 2020, the number of digital transactions stood at 3,861,529.
8
MSME-SAMBANDH
For effective implementation of the Public Procurement Policy, Central Ministries/Departments/Public Sector Enterprises (CPSEs)
must procure 25% annual procurement from MSEs—including 4% from MSEs owned by schedule cast/schedule tribes and 3% from
MSEs owned by Women entrepreneurs. The Ministry of MSME launched MSME Sambandh.
The portal helps monitor procurement by CPSEs and enables them to share the list of required products or services from MSEs.
Source: MSME Annual Report (2018-2019)
14. 14
Recent policy initiatives for MSME (3/3)
9
GRIEVANCE MONITORING
The Ministry of MSME has started an MSME internet grievance monitoring system (e-Samadhan) to help track and monitor the
grievances and suggestions received.
The Ministry also attends to all the grievances on Centralised Public Grievance Redress and Monitoring System (CPGRAMS).
10
MSME SAMADHAAN
MSME Samadhaan is a portal that gives information about pending payments with the Central Ministries, State Governments, etc.,
with respect to micro and small enterprises (MSEs). The government bodies are provided with a username and password to login
and check the delayed payment with respect to MSEs.
The portal also allows the MSEs to track their delayed payments related complaint online. After 15 days of online filing, the case
automatically gets registered with the MFEFC.
11
NATIONAL SCHEDULED CASTE AND SCHEDULED TRIBE HUB
The National Scheduled Caste and Scheduled Tribe Hub has been set up to provide professional support to SC/ST entrepreneur to
fulfill the obligations of the Government Public Procurement Policy.
The Hub is also in-charge of collection, collation and dissemination of information regarding SC/ST enterprises and entrepreneur,
capacity building among existing and prospective SC/ST entrepreneur through skill training and EDPs, promoting participation of
SC/ST entrepreneur in exhibitions and organising special exhibitions for this purpose, etc.
Source: MSME Annual Report (2018-2019)
15. 15
The Ministry of MSME runs numerous schemes targeted at providing credit and financial assistances, skill development training, infrastructure
development, technological and quality upgradation and other services for MSMEs across the country.
Source: MSME Annual Report (2019-2020)
Credit Guarantee Trust
Fund For MSEs
(CGTMSE) - Provision of
collateral free credit
for MSMEs
Prime Minister’s
Employment Generation
Programme
Credit Linked Capital
Subsidy Scheme
Credit Linked Capital
Subsidy Scheme
Major schemes…(1/6)
1
Prime Minister’s Employment Generation Programme
The scheme, implemented by the KVIC, aims to generate employment opportunities in rural and urban areas by setting up new self-
employment ventures/projects/micro enterprises. The programme also aims to provide continuous sustainable employment to
prospective artisans and unemployed youth and increase the wage-earning capacity of artisans and contribute to the growth of rural
and urban employment.
The eligibility criteria to avail this scheme are the individual should be 18 years and above and if a project size is above Rs. 10 lakh
(US$ 0.01 million) for manufacturing and Rs. 5 lakh (US$ 0.006 million) for service, the applicant must have completed education up
to 8th standard
As of December 31, 2019, expenditure incurred under this scheme was Rs. 2,713.53 crore (US$ 384.95 million).
2
Credit Linked Capital Subsidy Scheme
As large number of MSEs in India are running their business with outdated technology and machinery, the objective of the Credit
Linked Capital Subsidy Scheme (CLCSS) is to facilitate technology upgrade among MSEs by providing capital subsidy of 15%
(limited to a maximum Rs. 15 lakh (US$ 0.02 million)).
The guarantees under this fund is provided to extend collateral free lending to MSEs through banks and other institutions.
The scheme covers collateral free credit facility up to Rs. 200 lakh (US$ 0.3 million) per borrowing unit. The guarantee cover is up to
75% of the credit facility—Rs. 50 lakh (US$ 0.07 million) (85% for loans up to Rs. 5 lakh (US$ 0.007 million) provided to micro
enterprises, 80% for MSEs owned with a uniform guarantee at 75% of the credit exposure above Rs. 50 lakh (0.07 million) and up to
Rs. 200 lakh (US$ 0.3 million)). A composite all in Annual Guarantee Fee up to 1.80% p.a. of the credit facility sanctioned is
charged, with the minimum Guarantee Fee being 1% p.a.
Credit and Financial (1/2)
16. 16
Source: MSME Annual Report (2019-2020), Start-up India
Major schemes…(2/6)
3
Credit Guarantee Trust Fund for Micro and Small Enterprises (CGTMSE)
The scheme was launched by the Government of India (GoI) to provide collateral-free credit to the micro and small enterprise
sector.
Fund and non-fund-based credit facilities (such as letters of credit and bank guarantee) up to Rs. 200 lakh (US$ 0.28 million) per
eligible borrower are covered, under the guarantee scheme, provided they are extended on the project viability without collateral
security or third-party guarantee.
The guarantee cover available under the scheme is to the extent of 50%, 75%, 80% & 85% of the sanctioned amount of the credit
facility. The extent of guarantee cover is 85% for micro enterprises for credit up to Rs. 5 lakh (US$ 0.007 million). The extent of
guarantee cover is 50% of the sanctioned amount of the credit facility for credit from Rs. 10-100 lakh (US$ 0.014-0.14 million) per
MSE borrower for retail trade activity.
The extent of guarantee cover is 80% for (i) Micro and Small Enterprises operated and/or owned by women; and (ii) all credits/loans
in the North East Region (NER) for credit facilities up to Rs. 50 lakh (US$ 0.07 million). In case of default, trust settles the claim up
to 75% of the amount in default of the credit facility extended by the lending institution for credit facilities up to Rs. 200 lakh (US$
0.28 million).
In May 2021, Emergency Credit Line Guarantee Scheme (ECLGS) expanded ‘ECLGS 4.0’ for onsite oxygen generation, wider
coverage of ECLGS 3.0 and increase in tenor for ECLGS 1.0. In May 2021, the sanctioned loan amount disbursed stands at Rs.
2.54 lakh crore (US$ 35.09 billion), an increase of 53% from Rs. 165,886 crore (US$ 22.92 billion) in January 2021.
Credit and Financial (2/2)
4
Non-government provident funds (PFs) investing in alternative investment funds
(AIFs) will add to MSME fundraising options
In March 2021, the Finance Ministry allowed private retirement funds to invest up to 5% in Category I & II AIFs regulated by SEBI;
this will help widen the fundraising options for MSMEs and expand the domestic pool of capital
Category 1 AIFs consists of infrastructure, venture capital, angel and social venture funds. Category II AIFs covers funds
where at least 51% of the size can be invested in either infrastructure, SMEs, venture capital or social welfare entities
17. 17
Source: MSME Annual Report (2019-2020)
Major schemes…(3/6)
Credit Guarantee Trust
Fund For MSEs
(CGTMSE) - Provision of
collateral free credit
for MSMEs
Prime Minister’s
Employment Generation
Programme
Credit Linked Capital
Subsidy Scheme
Credit Linked Capital
Subsidy Scheme
1
A Scheme for Promotion of Innovation, Rural Industry & Entrepreneurship
(ASPIRE)
The objectives of this scheme are to create new jobs, promote entrepreneurship culture in the country, promote innovation in the
MSME sector, etc.
The scheme activities include livelihood business incubators and technology business incubators.
2
Entrepreneurship and Skill Development Programmes (ESDP)
Under the Entrepreneurship and Skill Development Programmes (ESDP), the Ministry of MSME has been organising several
programmes focussing on the process of improving skills and knowledge of entrepreneur, and enhancing the capacity to develop,
manage and organise a business venture.
The objective of the program is to motivate young individuals to consider self-employment or entrepreneurship as one of the career
options.
The programme is carried out by the MSME-Development Institutes, Technology Centres and Enterprise Development Centres
(EDCs).
Skill Development and Training
18. 18
1
Source: MSME Annual Report (2019-2020)
Major schemes…(4/6)
Credit Linked Capital
Subsidy Scheme
Scheme of Fund for Regeneration of Traditional Industries (SFURTI)
The objectives of this scheme are to organise traditional industries and artisans into clusters to make them competitive and provide
support for their long-term sustainability, enhance marketability of products of such clusters, build innovative products, improve
technologies, etc.
The scheme cover three types of interventions, i.e., soft intervention wherein activities are held to build general awareness,
counselling, skill development, etc.; hard intervention which includes creating common facility centers, raw material banks, etc.; and
thematic intervention on brand building, new media marketing, e-commerce initiatives, research and development, etc.
The ministry has constituted a Scheme Steering Committee as the apex coordination and monitoring body with independent
responsibilities given to statutory bodies such as KVIC and Coir Board to implement the scheme.
2
Scheme for Micro & Small Enterprises Cluster Development Programme (MSE-
CDP)
The MSME Ministry has adopted the cluster development approach as a key strategy for enhancing productivity and
competitiveness as well as capacity building of Micro and Small Enterprises (MSEs) in the country.
The programme includes activities such as support funding for setting up ‘Common Facility Centres (CFC) and Infrastructure
Development Projects (IDP)’.
In 2019-20, as part of the programme, 76 Common Facility Centres (CFCs) and 169 Infrastructure Development Projects (IDPs)
have been commissioned for an expenditure of Rs. 202.78 crore (US$ 28.76 million).
Infrastructure
19. 19
Source: MSME Annual Report (2019-2020)
Major schemes…(5/6)
Credit Linked Capital
Subsidy Scheme
Technology Upgrade and Competitiveness
1
Financial Support to MSMEs in ZED Certification
The scheme promotes Zero Defect and Zero Effect (ZED) manufacturing among MSMEs and ZED Assessment for their certification
to encourage MSMEs to constantly upgrade their quality standards in products and processes, promote adaptation of quality
tools/systems and energy-efficient manufacturing, and drive manufacturing by adopting the Zero Defect production processes and
without impacting the environment.
The scheme is targeted towards MSMEs involved in manufacturing.
The Quality Council of India is responsible for implementing the scheme.
2
Support for Entrepreneurial and Managerial Development of SMEs through
Incubators
The objective of the scheme is to promote and support the creativity of MSME enterprises and encourage adoption of the latest
technologies in manufacturing as well as knowledge-based innovative MSMEs.
The scheme includes financial assistance of up to Rs. 15 lakh (US$ 0.02 million) for developing and nurturing the idea; up to Rs. 1
crore (US$ 0.1 million) for procurement and installation of plant and machines to strengthen technology-related R&D activities; or up
to Rs. 1 crore (US$ 0.1 million) as a grant-in-aid for seed capital support to Host Institute (HIs)/Business Incubator (BIs) for
converting deserving ideas into start-ups.
20. 20
Source: MSME Annual Report (2019-2020)
Major schemes…(6/6)
1
Building Awareness on Intellectual Property Rights (IPR) for MSMEs
The Building Awareness on Intellectual Property Rights (IPR) has been launched to promote awareness of Intellectual Property
Rights (IPINR) among MSMEs by assisting them in technology upgrade and enhancing competitiveness and effective utilisation of
IPR tools.
The scheme is executed through various activities such as awareness programmes, seminar workshops, reimbursement for
registration of IP, international co-operation & setting up IP facilitation centre across the country.
Other Services
Credit Linked Capital
Subsidy Scheme
2
Trade, import and export for MSMEs
MSME support and development organisation, National Small Industries Corporation (NSIC), will assist MSMEs working with the
Agricultural and Processed Food Products Export Development Authority (APEDA) across multiple areas
The NSIC, through an MoU with APEDA, will help its MSME members in exploring the export potential of their agricultural and
processed foods products. Additionally, APEDA members will get access to NSIC schemes, which would help them address issues
pertaining to technology adoption, skills, product quality and market access
The relationship will also support promotion of green & sustainable manufacturing technology for MSME clusters, enabling units to
switch to sustainable and green production processes and products
22. 22
Source: News Aricles
New developments (1/2)
1
Institutional Support
In May 2021, IDBI Bank announced the introduction of its fully digitised loan processing system, with >50 products for MSMEs and
agriculture.
In May 2021, BSE, a stock exchange platfom, collaborated with Dun & Bradstreet Information Services India to establish an
ecosystem for small and medium enterprises for promotions and boosting growth.
In May 2021, CSIR-CMERI handed over a technology for Oxygen Enrichment Unit to two MSMEs to enhance the technology
capabilities of companies.
In May 2021, NI-MSME (the National Institute for Micro, Small and Medium Enterprises, Hyderabad) signed an MoU with IIM
Nagpur for collaboration in the areas of MSME development, training, research & consulting and entrepreneurship.
In May 2021, Flipkart, through its financing programme, expanded benefits for MSME sellers. Under the new financing programme,
the sellers can avail loan at an interest of 9% and raise credit for funds worth Rs. 5 lakh (US$ 6.91 thousand) to Rs. 5 crore (US$
690.84 thousand).
In March 2021, Spoton Logistics announced customisable logistics solutions for MSMEs. As part of this, the company has also
enhanced its logistics hubs in locations such as Hyderabad, Bengaluru, Calcutta, Delhi, Ambala, Kochi, Chennai, Patna and Ranchi.
In April 2021, non-banking finance companies (NBFCs) requested the Reserve Bank of India to extend the one-time restructuring
scheme of MSME advances until March 31, 2022, as these players are unable to revive their businesses.
In March 2021, the National Stock Exchange entered into an agreement with the Small Industries Development Bank of India to
explore feasibility of the debt capital platform for MSMEs. This will include developing additional instruments for debt and equity,
which will help clear new sources of funding for MSMEs
In February 2021, Walmart's Vriddhi programme was extended to Uttar Pradesh, with launch of an e-institute to facilitate small
businesses in granting access to skills and competencies across online and offline platforms such as Flipkart's marketplace and
Walmart's global supply chain.The company stated that this new e-institute will benefit 50,000 MSMEs across the country to expand
domestically and globally.
23. 23
Source: News Aricles
New developments (2/2)
2
Government Push
In March 2021, the NSIC signed an MoU with APEDA (Agricultural and Processed Food Products Export Development Authority) for
supporting and empowering Agri entrepreneurs.
In February 2021, the NSIC signed an MoU with the NSTFDC (National Scheduled Tribe Finance & Development Corporation) &
SAIL for providing financial support to the LBI (Livelihood Business Incubation Centre) in Rourkela.
In February 2021, 50 artisan-based SFURTI clusters were inaugurated in 18 states to support > 42,000 artisans in traditional crafts
(e.g., handlooms, wood craft, muslin, khadi, coir, handicraft, leather, bamboo, agro processing, tea, pottery, carpet weaving, etc.).
For development of these 50 clusters, the Ministry of MSME announced Rs. 85 crore (US$ 11.57 million).
Until December 2020, sale from the Khadi sector stood at Rs. 1,877.19 crore (US$ 259.37 million) and is estimated at Rs. 3,856.50
crore (US$ 532.84 million) until March 2021.
In February 2021, Keshari Bio Products LLP, a bamboo agarbatti stick making unit, was inaugurated in Assam with a set up cost of
~ Rs. 10 crore (US$ 1.36 million) to boost domestic manufacturing and support local artisans. The unit will provide direct
employment to ~350 people and create >300 indirect employment.
3
Industrial Demand
In FY21 (until November 2020), exports of coir and coir products stood at Rs. 225,497.67 crore (US$ 31.16 billion) and was
estimated at Rs. 300,000 crore (US$ 41.45 biillion) until March 2021.
In FY21 (until November 2020), the US was the largest importer of coir and coir products from India (30.3% in value and 17% in
quantity), followed by China (22.6% in value and 37.34% in quantity), the Netherlands, South Korea, the UK and others.
Domestic production of coir fibre in FY21 (until December 2020) stood at 519,000 metric tonnes and was estimated at 710,000
metric tonnes until March 2021.
25. 25
Key Industry Contacts
Agency Contact Information
Ministry of Micro, Small and Medium
Enterprises
B - 4 / 161, Safdarjung Enclave,
New Delhi-110029,
Telephone: +91-11-23063288/23063643
Website: https://msme.gov.in
Federation of Indian Micro and Small &
Medium Enterprises (FISME)
Room No 356 A, Udyog Bhawan, Rafi Marg, New Delhi –
110011
Telephone: 91-11- 26187948,26712064,46023157,46018592
Fax: +91-11- 26109470
Email: info@fisme.org.in
Website: http://www.fisme.org.in
27. 27
CFC: Common Facility Centres
CPGRAMS: Centralised Public Grievance Redress and Monitoring System
CPSEs: Central Ministries/Departments/Public Sector Enterprises
DBT: Direct Benefit Transfer
GOI: Government of India
KVIC: Khadi and Village Industries Commission
MGIRI: Mahatma Gandhi Institute for Rural Industrialisation
MSEs: Micro and Small Enterprises
MSE-CDP: Micro & Small Enterprises Cluster Development Programme
MSME: Micro Small and Medium Enterprise
NSIC: National Small Industries Corporation Limited
NI-MSME: National Institute for Micro, Small and Medium Enterprises
SC/ST: Schedule Caste/ Schedule Tribe
TCSP: Technology Centre Systems Programme
UAM: Udyog Aadhaar Memorandum
Y-o-Y: Year on Year
Wherever applicable, numbers have been rounded off to the nearest whole number
Glossary
28. 28
Exchange rates
Exchange Rates (Fiscal Year) Exchange Rates (Calendar Year)
Year Rs. Equivalent of one US$
2004-05 44.95
2005-06 44.28
2006-07 45.29
2007-08 40.24
2008-09 45.91
2009-10 47.42
2010-11 45.58
2011-12 47.95
2012-13 54.45
2013-14 60.50
2014-15 61.15
2015-16 65.46
2016-17 67.09
2017-18 64.45
2018-19 69.89
2019-20 70.49
2020-21 73.20
Source: Reserve Bank of India, Average for the year
Note: As of April 2021
Year Rs. Equivalent of one US$
2005 44.11
2006 45.33
2007 41.29
2008 43.42
2009 48.35
2010 45.74
2011 46.67
2012 53.49
2013 58.63
2014 61.03
2015 64.15
2016 67.21
2017 65.12
2018 68.36
2019 69.89
2020 74.18
2021* 74.94
29. 29
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