“We Want to boost self-em­ploy­ment through sfoorti and as­pire”

Hon’ble Shri Kal­raj Mishra, Union Min­is­ter, MSME high­lights the De­vel­op­ment of MSME’s and plans to en­hance the fu­ture roadmap for the In­dian Econ­omy

PCQuest - - SMB CORNER - – Ex­cerpts taken from Laghu Udyog Sa­machar

What are the pri­or­i­ties of the MSME Min­istry in this fi­nan­cial year? We are con­tin­u­ously re­view­ing the prog

ress of all schemes for MSMEs. Our main aim is the de­vel­op­ment of en­trepreneurs. This year the Min­istry is es­pe­cially fo­cused upon ‘Sfoorti’ and ‘As­pire’ Schemes. Al­ready we have opened 25 Sfoorti clus­ters and 30 As­pire Aa­jee­vika Busi­ness In­cu­ba­tors . Sim­i­larly, we hope that the con­struc­tion of nine tech­nol­ogy cen­ters will be com­pleted by the end of 2017. Bhi­wadi, Ro­htak, Ben­galuru, Durg and Vishakha­p­at­nam have been iden­ti­fied for he first phase and work is in progress there. Si­tar­ganj, Pud­duch­ery, Baddi and Greater Noida will be our next tar­get and these are state of the art cen­ters. What is the cur­rent sta­tus of the Credit guar­an­tee scheme (CGS)? CGS was launched to make avail­able col­lat­er­al­free credit to the mi­cro and small en­ter­prise sec­tor. Both the ex­ist­ing and the new en­ter­prises are el­i­gi­ble to be cov­ered un­der the scheme. The Min­istry of Mi­cro, Small and Medium En­ter­prises, GoI and Small In­dus­tries De­vel­op­ment Bank of In­dia (SIDBI), has es­tab­lished a trust named Credit Guar­an­tee Fund Trust for MSEs to im­ple­ment the Credit Guar­an­tee Fund Scheme for Mi­cro and Small En­ter­prises. In the end of FY 17-18, the trust fund will amount to at least Rs 25000 Cr, which will prove to be a cat­a­lyst for MSEs. Here I want to men­tion, that for the first time the Non Bank­ing

Fi­nan­cial Com­pa­nies (NBFC) will also be cov­ered un­der the Credit Guar­an­tee Scheme. What was the im­pact of De­mon­e­ti­za­tion and the sub­se­quent in­crease in Dig­i­tal Trans­ac­tions on MSMEs? De­mon­e­ti­za­tion was a big step for ‘Aam Janta’ and def­i­nitely ben­e­fited them. The money that has been re­cov­ered through De­mon­e­ti­za­tion is be­ing used in the in­ter­est of com­mon peo­ple. Yes, ini­tially there were some dif­fi­cul­ties but that has been sorted long ago. The work­ers and la­bor­ers who left dur­ing de­mon­e­ti­za­tion are once again com­ing back to MSME. When it comes to Dig­i­tal Trans­ac­tions, in my opin­ion, it will re­strain cor­rup­tion. There are lots of ini­tia­tives that the gov­ern­ment is tak­ing like train­ing is be­ing pro­vided for ed­u­cat­ing peo­ple about Dig­i­tal Trans­ac­tions. Re­cently MSME has formed a new gov­ern­ment cadre. What are its ben­e­fits? From a long time, sep­a­rate Seva cadre was de­manded for the cen­tral gov­ern­ment of­fi­cers work­ing in the MSME de­part­ment. The de­mand was granted in last De­cem­ber’s cab­i­net meet­ing headed by the Prime Min­is­ter Shri Naren­dra Modi. In­dian En­ter­prise De­vel­op­ment Ser­vice i.e, IEDS now in­cludes 617 of­fi­cers. The cadre is in ef­fect since 14th Fe­bru­ary 2017. It will speed up the de­vel­op­ment of MSME and will prove to be en­cour­ag­ing for the cam­paigns like Start-up and Stand-up In­dia. Two new schemes were launched re­cently. How are they ben­e­fi­cial for MSMs? Hon’ble Prime Min­ster has in­au­gu­rated two im­por­tant schemes namely ‘ Z’ and ‘ SC/ ST Hub’. Here Z means Zero De­fect, Zero Ef­fect scheme; which will pro­vide bet­ter busi­ness op­por­tu­ni­ties to MSMEs. Qual­ity and En­vi­ron­ment are the fo­cus points of this scheme. 22,000 units are to be eval­u­ated un­der this scheme and this is called ‘ Z’ cer­ti­fi­ca­tion plan. This is fur­ther cat­e­go­rized into five cer­ti­fi­ca­tions which are Bronze, Sil­ver, Gold, Di­a­mond and Plat­inum.

The Na­tional SC/ST hub is also an am­bi­tious project of the gov­ern­ment like the Z Plan. Un­der this scheme, MSME Min­istry will en­sure 4% pro­cure­ment from the en­trepreneurs of SC/ST quota. This will ac­tu­ally im­prove the fi­nan­cial con­di­tion of the weaker sec­tion of the so­ci­ety. On the other hand, ini­tia­tives like Udyog Aad­har Me­moren­dum and E-Pa­hal are mak­ing pro­cesses way eas­ier for busi­ness­men. Fi­nan­cial Felic­i­ta­tion Cen­tres are be­ing opened un­der the watch of NSIC, where one can ap­ply for loans on­line. Can you elab­o­rate on the MSME Data Bank? MSME bank has been es­tab­lished re­cently, where we are ag­gre­gat­ing on­line data of MSME. On this plat­form, it is manda­tory for MSME units to reg­is­ter and pro­vide in­for­ma­tion. Such in­for­ma­tion will help all around de­vel­op­ment of MSME sec­tor. The in­for­ma­tion is to be main­tained on­line by data bank.

“MSME bank has been es­tab­lished re­cently, where we are ag­gre­gat­ing on­line data of MSME. On this plat­form, it is manda­tory for MSME units to reg­is­ter and pro­vide in­for­ma­tion.”

Kal­raj Mishra Union Min­is­ter, MSME

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