• 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

• 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.

• 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.

• 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.

• Portal to serve as a bridge between the talent pool and those enterprises seeking trained manpower.

• 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.

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.