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Revival of MSME Sector


New Delhi,The President of India in his address on 9th June, 2014 to the First Session of Both Houses of Parliament after the elections to the 16th Lok Sabha mentioned that the Government will set up a task force to review and revive the MSME Sector. The composition of the task force is yet to be finalised by the Government. 
The MSME sector plays an important role in the generation of employment opportunities in the country. As per the 4th All India Census of Micro, Small and Medium Enterprises with reference year 2006-07, the MSMEs in an aggregate provide employment to over 80 million persons through over 36 million enterprises. The Annual Employment Generation figures in the non-farm micro enterprises are captured in the Prime Minister’s Employment Generation Programme (PMEGP). Since inception (2008-09) and upto 2013-14, the estimated employment generated under PMEGP is for around 24 lakh persons. MSME sector accounted for 42.38% of the total export earnings of the country during the year 2013-14. 

For the overall benefit and sustainable development of handloom sector, the Ministry of Textiles, through various schemes and programmes, has adopted focused, flexible and holistic approach to enable weavers to meet the challenges of global and domestic market, facilitate marketing of handloom products, infrastructure development, brand building and empowerment of weavers by organising them under self help groups. The Government has adopted cluster approach for benefitting the handloom weavers by providing training and skill upgradation, infusion of new and contemporary designs through design intervention as well as product diversification, technology upgradation, easy access to raw material at subsidized prices and easy credit flow at low interest rate etc., besides providing better health care and life insurance under welfare schemes. 

This information was given by the Union Minister of Micro, Small and Medium Enterprises, Shri Kalraj Mishra in a written reply to a question in Rajya Sabha here today.