Page 50 - MSME April-May 2017
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News Competitiveness Programme (NMCP), Guarantee Scheme for Scheduled Castes(CEGSSC) Prime Minister’s Employment Generation and Venture Capital Fund scheme for micro, small Programme(PMEGP), schemes for Khadi & Village and medium entrepreneurs. Under Venture Capital Industries and Coir, International Cooperation Fund for Scheduled Castes, one SC beneficiary Scheme, Performance and Credit Rating Scheme viz. Steeledge Pipes and Scaffold Pvt. Ltd. in (PCRS), Marketing Assistance and Technology Chhattisgarh has been sanctioned Rs.383.00 lakh Upgradation(MATU) schemes, Scheme for Credit for manufacturing of steel pipes. Ministry of Tribal Guarantee Fund for Micro and Small Enterprises Affairs is also implementing schemes for self- etc. Benefits under these schemes are available to employment of Scheduled Tribes including term all eligible MSMEs including those belonging to SC loan scheme and micro credit scheme for self-help and ST entrepreneurs of Chhattisgarh. groups. This Press Release is based on information given by the Minister of State for MSME Shri In addition to the schemes implemented by Haribhai Parthibhai Chaudhary in a written reply this Ministry, the Ministry of Social Justice and to a question in Rajya Sabha on 05.04.2017. n Empowerment is also implementing schemes for SC entrepreneurs including the Credit Enhancement Mid-term review of Foreign Trade Policy would be completed early to synchronise its roll out with GST ommerce and Industry Minister Health sector. Such services fall under the WTO Smt. Nirmala Sitharaman has said that the category of the Mode 2 Services, also called the Crevised Foreign Trade Policy (FTP) would ‘Consumption Abroad’ category. It was emphasised be released early to synchronise the same with that promotion of mode 2 in services sector shall roll out of GST. The core focus of the revised FTP contribute in domestic economic development would be promoting exports from the SMEs and and job creation. high employment potential sectors. Smt. Nirmala Sitharaman was chairing a meeting on the Mid- Concerns were also raised on issues relating Term review of the Foreign Trade Policy 2015-20 to GST and its impact on export. Minister said organised jointly by Department of Commerce that Department of Commerce has already taken and Research and Information System for the up these issues with Department of Revenue, and Developing Countries (RIS) . assured that it will again take up theses issues with DoR for placing it before GST council to find a Commerce Secretary Ms Rita Teaotia, solution. Critical role of Logistics sector for export Chairman RIS Shri Hardeep Singh Puri and DGFT competitiveness was also discussed; reducing the Shri Ajay Bhalla also participated in discussions. cost of credit in promoting exports, export basket The event was attended by the trade policy diversification, strategy for promoting value added experts from the industry, academia, Research and exports, agriculture exports and services exports Government . Major suggestions discussed during were also deliberated. the deliberations related to promoting Rupee Trade, facilitating not only exports but also imports and It may be noted that while announcing the reducing cost of credit. Participant recommended five year FTP, 2015-2020 on 01.04.2015, Hon’ble harnessing the high foreign exchange earnings Commerce & Industry Minister had announced that and large employment generation potential of the policy would be reviewed on mid-term basis. services related to the Tourism, Education and The exercise has been initiated by Department of commerce in January 2017. DGFT has held 48 Laghu Udyog Samachar
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