Re­cent schemes and their per­for­mance

The Min­istry has made sev­eral de­ci­sions in the re­cent years to boost the func­tion­ing of MSMES and thereby en­hance ex­port, a few of which in­clude the fol­low­ing:

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• Sim­pli­fy­ing the reg­is­tra­tion process through Udyog Ad­haar Mem­o­ran­dum (UAM), this is a sim­ple one-page form. Nearly 39 lakh UAM were signed be­tween 2015 and 2017. The process up­graded the in­for­ma­tion avail­able with the min­istry re­gard­ing the trends in the sec­tor, such as em­ploy­ment trends, in­vest­ment de­tails, man­u­fac­tur­ing de­tails etc, be­sides fa­cil­i­tat­ing mon­i­tor­ing of those trends. • Per­for­mance and credit rat­ing scheme – be­ing im­ple­mented by Na­tional Small In­dus­tries Corp (NSIC), the scheme aims to pro­vide a third party opin­ion on the ca­pac­i­ties and credit wor­thi­ness of MSMES. Ac­cord­ing to the Min­istry of MSME, 12,842 units were rated un­der the scheme dur­ing 2015-16.

• Frame­work for Re­vival and Re­ha­bil­i­ta­tion of MSMES: Work­ing un­der the guide­lines is­sued by the Re­serve Bank of In­dia, a cor­rec­tive ac­tion plan was cre­ated at the banks for the re­vival and re­ha­bil­i­ta­tion of MSMES.

• The gov­ern­ment has set up an on­line MSME data bank, on which en­ter­prises can up­date in­for­ma­tion about their prod­ucts and ser­vices, which can be ac­cessed by gov­ern­ment depart­ments for pro­cure­ment. More than 1.22 lakh units reg­is­tered un­der the scheme un­til De­cem­ber 2017.

• The min­istry fa­cil­i­tates buyer-seller meets, con­fer­ences and sem­i­nars within In­dia and in­ter­na­tion­ally as well.

• The gov­ern­ment has pro­vi­sions of skill train­ing and then hold em­ploy­ment fairs for the in­duc­tion of trainees.

• There are fund­ing schemes, such as Prime Min­is­ter’s Em­ploy­ment Gen­er­a­tion Pro­gramme, Scheme of fund for Re­gen­er­a­tion of Tra­di­tional In­dus­tries (SFURTI), which are fi­nan­cial as­sis­tance schemes for up­lift of ru­ral econ­omy and tra­di­tional in­dus­tries.

• There are a num­ber of schemes for coir pro­mo­tion.

• The gov­ern­ment has also launched Mi­cro Units De­vel­op­ment and Re­fi­nance Agency (MU­DRA) – which is a loan scheme for small en­ter­prises.

A few more schemes are launched re­cently by the gov­ern­ment for the pro­mo­tion of MSMES. Ma­jor­ity of schemes fo­cus on lift­ing the ru­ral econ­omy through ru­ral en­trepreneur­ship by hav­ing in­cu­ba­tion cen­tres and tech­nol­ogy cen­tres for start-ups, such as as­pire: A Scheme for Pro­mot­ing In­no­va­tion and Ru­ral En­trepreneur­ship.

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