MSME
1MSME Statistics:
  • MSMEs contribute about 45 percent of the manufacturing output, over 40 percent of the total exports of the country, and around 8 percent of the country’s GDP.
  • Total number of MSMEs registered on Udyog Aadhaar Memorandum (UAM) – 4.8 Mn
    • Micro – 4,318,841
    • Small – 500,942
    • Medium – 19,766
  • State-wise distribution of MSMEs;
    • Bihar – 770,871
    • Uttar Pradesh – 596,036
    • Delhi – 588,483
    • Maharashtra – 570,101
    • Gujarat – 486,080
  • Focus sectors:
    • Food and allied industries
    • Wood and wood products
    • Paper products
    • Chemical and chemical products
    • Glass and ceramics
    • Mechanical engineering excluding transport products
2Union Budget (2018-19) provisions:
  • A big thrust given to the sector through increased budgetary allocations – USD 1 Bn in 2018-19.
  • To proliferate technology upgradation in the sector, the allocation for National Manufacturing Competitiveness Program has gone up from USD 77 Mn in 2017-18 to USD 154 Mn in 2018-19.
3Mission Solar Charkha:
  • Implementation of 50 Solar Charkha Clusters with a budget of USD 84 Mn for the year 2018-19 and 2019-20.
  • The scheme will generate direct employment to nearly a hundred thousand persons.
4Udyam Sangam
  • Confluence of stakeholders to develop effective MSME ecosystem.
  • Includes representatives of finance, training and educational institutions, industry, media, state governments, and NGOs to engage in extensive discussions.
5Sampark
  • Portal to serve as a bridge between the talent pool and those enterprises seeking trained manpower.
6MSME Sambandh
  • Portal to monitor implementation of the Public Procurement from MSEs by Central Public Sector Enterprises.
  • Annual target for procurement from Central Ministries/Departments/CPSEs for 2018-19 – USD 18.3 Bn.
  • Procurement done so far from MSMEs – USD 5.2 Bn.
  • Procurement from MSEs – USD 1 Bn.
  • Procurement from SC/ST owned enterprises – USD 18 Mn.
7Amendments made to Micro, Small and Medium Enterprises Development (MSMED) Act, 2006

To change the basis of classification Micro, Small, and Medium enterprises from ‘investment in plant & machinery/equipment to ‘annual turnover’. This will encourage ease of doing business, make the norms of classification growth-oriented and align them to the new tax regime revolving around GST (Goods & Services Tax).

  • Micro Enterprises – Annual turnover does not exceed USD 0.76 Mn.
  • Small Enterprises – Annual turnover is more than USD 0.76 million but does not exceed USD 11 Mn.
  • Medium Enterprises – Annual turnover is more than USD 11 million but does not exceed USD 38 Mn.
August 2018

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