[ad_1]
As per the most recent info obtained from Ministry of Statistics & Programme Implementation, the share of MSME Gross Worth Added (GVA) in all India Gross Home Product (GDP) and the share of MSME manufacturing GVA in all India Manufacturing GVA are as follows:
12 months |
Share of MSME Gross Worth Added (GVA) in all India Gross Home Product (GDP) |
Share of MSME manufacturing GVA in all India Manufacturing GVA |
2019-20 |
30.48% |
40.67% |
2020-21 |
27.24% |
40.30% |
2021-22 |
29.15% |
40.83% |
As per the data culled out from the Information Dissemination Portal of Directorate Normal of Business Intelligence and Statistics (DGCIS), the share of export of MSME specified merchandise in all India exports are as follows:
12 months |
% share of Export of MSME associated merchandise in All India Export |
2019-20 |
49.77% |
2020-21 |
49.35% |
2021-22 |
45.03% |
2022-23 |
43.59% |
2023-24* |
45.56% |
*upto September 2023
As on 06.12.2023, the entire employment recorded on the Udyam Registration Portal (since inception 01.07.2020 to 06.12.2023) is 15.50 crore.
The Professional Committee on Micro, Small and Medium Enterprises, constituted by Reserve Financial institution of India in December, 2018 has estimated the general credit score hole within the MSME sector to be within the vary of Rs. 20 to Rs. 25 trillion. The Authorities has taken numerous measures together with ongoing schemes to make sure ample monetary accessibility and seamless credit score to Micro, Small and Medium Enterprises (MSMEs). A few of these embrace the next:
- Prime Minister’s Employment Technology Programme (PMEGP) which is a significant credit-linked subsidy programme aimed toward producing self-employment;
- Pradhan Mantri Mudra Yojna (PMMY) for offering loans as much as Rs. 10 lakh, to non-corporate, non-farm micro/small enterprises;
- Strengthen credit score supply system and to facilitate the movement of credit score to the Micro and Small Enterprise sector with out the hassles of collateral and third celebration assure, as much as a most of Rs. 5 crore by Credit score Assure Scheme;
- Rs. 50,000 crore fairness infusion by Self Reliant India (SRI) Fund;
- Launch of Udyam Help Platform on 11.01.2023 to deliver Casual Micro Enterprises (IMEs) underneath the formal ambit of MSME for availing the advantages underneath Precedence Sector Lending;
- Inclusion of Retail and Wholesale merchants as MSMEs for the aim of availing Precedence Sector Lending advantages, w.e.f. 02.07. 2021;
- Non-tax advantages prolonged for 3 years in case of an upward change in standing of MSMEs;
- Commerce Receivable Discounting System (TReDS) to facilitate the financing of commerce receivables of MSMEs from company and different consumers together with authorities departments and public-sector undertakings (PSUs) by a number of financiers electronically:
- Rs. 5 lakh crore Emergency Credit score Line Assure Scheme (ECLGS), for companies, together with MSMEs was introduced in the course of the COVID-19 pandemic to fulfil the credit score hole in MSMEs. The scheme was in operation until 31.03.2023.
[ad_2]
Source link