Creation of employment opportunities through MSMEs

Creation of employment opportunities through MSMEs

The Micro, Small and Medium Enterprises play an important role in creating employment opportunities in the country. As per the last Census (Fourth) of Micro, Small and Medium Enterprises data collected with reference to base year 2006-07, as well as data extracted from the Economic Census 2005 conducted by Central Statistical Office (CSO), Ministry of Statistics & Programme Implementation (MoSPI), for activities excluded from Fourth Census, namely wholesale/retail trade, legal, educational and social services, hotel & restaurants, transports and storage & warehousing (except cold storage), the total employment in the MSME sector was 805.24 lakh.

Details of targets fixed and achieved in respect of employment generation under Prime Minister’s Employment Generation Programme (PMEGP) during the last three years and the current year in the country is given below:

Target for employment generation Estimated employment generated

 2014-15 2015-16 2016-17  2017-18 2014-15 2015-16 2016-17 2017-18*

All India 703492 516232 434758 406272 357502 323362 407840 85792

*(as on 01.08.2017)

Following initiatives have been taken to achieve the targets under PMEGP Scheme:

In order to streamline the process of application flow and fund flow and to bring in transparency and better financial management and to prevent parking of funds at Nodal bank level an online PMEGP-MIS web portal has been introduced. All applications and fund flow is processed online in stipulated time frame.

Publicity is being made through print and electronic media, awareness camps at District level and State level are being organized in order to propagate the PMEGP scheme for the development of micro industries.

Exhibitions are also conducted at district/state/zone and national level for providing marketing support to the entrepreneurs/units.

For speedy completion of EDP training, these are being conducted through Departmental Training Centres as well as RSETIs/RUDSETIs as per MOU executed between KVIC & MCR.

Industries such as Khadi, processing of Pashmina Wool, handloom and power loom units, value added products for tea, coffee, rubber etc. and transport activities are now eligible for assistance under PMEGP.

This Press Release is based on information given by the Minister of State for MSME Shri Giriraj Singh in a written reply to a question in Rajya Sabha on 10.08.2017 (Wednesday).