Year End Review – 2022 Ministry of Micro, Small & Medium Enterprises

Source: The post is based on the articleYear End Review- 2022 Ministry of Micro, Small & Medium Enterprises published in PIB on 28th December 2022

What is the News?

The Ministry of Micro, Small & Medium Enterprises has launched several initiatives and schemes in 2022.

What are the schemes and initiatives launched by the Ministry of Mines in 2022?

Raising and Accelerating MSME Performance(RAMP) Scheme

Capacity Building of First-Time MSME Exporters(CBFTE) scheme

Prime Minister’s Employment Generation Programme(PMEGP)

Trade Receivables Discounting system(TReDS) 

Micro and Small Enterprises Cluster Development Programme(MSE-CDP): The scheme is aimed at enhancing the productivity and competitiveness of Micro and Small Enterprises (MSEs) by extending financial assistance as Government of India (GoI) grant for establishment of Common Facility Centers(CFCs) in the existing clusters and for establishment of new / upgradation of existing Industrial Areas / Estates / Flatted Factory Complex. 

Scheme of Fund for Regeneration of Traditional Industries(SFURTI)

Procurement and Marketing Support(PMS) Scheme: The scheme promotes new market access initiatives and enhances the marketability of products and services in the MSME sector.

India International Trade Fair (IITF), 2022

International Cooperation Scheme

MSME Innovative scheme

Technology Centre Systems Programme(TCSP)

Entrepreneurship Skill Development Programme(ESDP): The scheme focuses on nurturing the talent of youth by making them aware of various aspects required for setting up an enterprise.

— It aims to motivate the youth to consider self-employment or entrepreneurship, promote new enterprises, build the capacity of existing MSMEs and inculcate entrepreneurial culture in the country.

National SC-ST Hub (NSSH): The scheme is aimed at promoting entrepreneurship among the SC/ST and to fulfill the 4% procurement mandate by the CPSEs as laid down in the Central Government Public Procurement Policy and boosting entrepreneurship among SC/STs. 

Mahatma Gandhi Institute for Rural Industrialization(MGIRI): It is an autonomous institution located in Wardha, Maharashtra whose purpose is to accelerate the process of rural industrialization by providing science and technology support. It is inspired by the Gandhian vision of a sustainable and self-reliant village economy.

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