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MSME ministry News

04 Jan 2022

MSMEs need benefits of registration? Here’s what it looks like

According to the MSME Ministry's 2020-21 annual report, a total of 21,96,902 businesses registered for Entrepreneurs Memorandum (EM-II) between 2007 and 2015. As of December 31, 2021, the total number of registered users on the Udyam site was roughly 64.10 lakh. India's laundry market is predicted to expand to $15 billion by 2025, up from $11.3 billion in 2019.

Prime Minister's Employment Generation Programme

01 Jan 2017

Government expects job creation to improve under PMEGP

Government expects job creation under Prime Minister's Employment Generation Programme (PMEGP) "to improve" in the coming days, notwithstanding the consistent decline witnessed in the number of jobs created under the scheme since 2012-13.

30 May 2015

Cabinet clears signing of pact between India, Sweden on MSMEs

The government on Saturday approved signing of an agreement between India and Sweden to promote cooperation in the MSME sector.

National Small Industries Corporation

30 Mar 2015

NSIC to focus on innovation, skill development in MSME sector

National Small Industries Corporation (NSIC) has signed a pact with the government for promotion of innovation and entrepreneurship to give a fillip to the MSME sector in the country.

16 Nov 2014

Govt proposes norms for easier exits, revival of MSMEs

The government has proposed amendments to the MSME Act with the twin objectives of time-bound exit and revival of loss-making units to help them consolidate their businesses and re-deploy capital in other greenfield ventures.

17 Sep 2014

Govt to help MSMEs access bank loans at cheaper rates: Mishra

The MSME Ministry is in talks with public sector banks to extend loans to micro, small and medium enterprises at base rate to help the sector access vast capital from financial institutions at lower costs, Union Minister Kalraj Mishra said today.

04 Aug 2014

MSME Ministry inks MoU with Samsung to open technical schools

The Micro, Small & Medium Enterprises (MSME) Ministry today joined hands with consumer electronics major Samsung to set up technical schools across the country for imparting technical skills to youth.

15 Jul 2014

PSUs will have to procure 20% from MSEs, come April 2015:Govt

As per data available, procurement of approximately Rs 14,442 crore, Rs 12,931 crore and Rs 3,799 crore was made from MSEs by Central Ministries/ Departments / PSUs in the year 2011-12, 2012-13 and 2013-14 respectively.

12 Jul 2014

'MSME Ministry planning incubation centres to boost sector'

The government is mulling launching district-level incubation centres across the country to revitalise the micro, small and medium enterprises (MSME) sector and encourage entrepreneurship as per the Budgetary provision, a senior bureaucrat said here Saturday.

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